Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic

Author:

Stephan Ute12ORCID,Zbierowski Przemysław13ORCID,Pérez-Luño Ana4ORCID,Wach Dominika5ORCID,Wiklund Johan6ORCID,Alba Cabañas Marisleidy7,Barki Edgard8,Benzari Alexandre9ORCID,Bernhard-Oettel Claudia10,Boekhorst Janet A.11ORCID,Dash Arobindu12ORCID,Efendic Adnan13,Eib Constanze14,Hanard Pierre-Jean1,Iakovleva Tatiana15,Kawakatsu Satoshi16,Khalid Saddam17,Leatherbee Michael18ORCID,Li Jun19ORCID,Parker Sharon K.20,Qu Jingjing21ORCID,Rosati Francesco22ORCID,Sahasranamam Sreevas23ORCID,Salusse Marcus A. Y.24ORCID,Sekiguchi Tomoki25ORCID,Thomas Nicola26,Torrès Olivier2728ORCID,Tran Mi Hoang6ORCID,Ward M.K.29ORCID,Williamson Amanda Jasmine30ORCID,Zahid Muhammad Mohsin31ORCID

Affiliation:

1. King’s Business School, King’s College London, London, UK

2. Work and Organisational Psychology, Technische Universität Dresden, Dresden, Germany

3. Department of Human Resource Management, University of Economics in Katowice, Katowice, Poland

4. Business Organization and Marketing Department, Pablo de Olavide University, Seville, Spain

5. Department of Work and Organisational Psychology, Technische Universität Dresden, Dresden, Germany

6. Whitman School of Management, Syracuse University, Syracuse, NY, USA

7. Business School, Konrad Lorenz University, Bogota, Colombia

8. Administraçao de Empresas, FGV EAESP (Fundação Getulio Vargas – Escola de Administração de Empresas de Săo Paulo), São Paulo, Brazil

9. Economics, Human Resources and Diversity Department, Montpellier Business School, Montpellier, France

10. Department of Psychology, Stockholm University, Stockholm, Sweden

11. Conrad School of Entrepreneurship and Business, University of Waterloo, Waterloo, ON, Canada

12. Institute for Management and Organization, Leuphana University of Lüneburg, Lüneburg, Germany

13. School of Economics and Business, University of Sarajevo, Sarajevo, Bosnia and Herzegovina

14. Department of Psychology, Uppsala University, Uppsala, Sweden

15. Department of Innovation, Management and Marketing, UiS Business School, University of Stavanger, Stavanger, Norway

16. Graduate School of Economics, Kyoto University, Kyoto, Japan

17. School of Economics and Management, University of Hyogo, Nishi-ku Kobe, Japan

18. Departamento de Ingeniería Industrial y de Sistemas, Pontificia Universidad Católica de Chile, Santiago, Chile

19. Department of Management, University of Huddersfield, Huddersfield, UK

20. Centre for Transformative Work Design, Curtin University, Perth, WA, Australia

21. Shanghai Artificial Intelligence Laboratory, Shanghai, China

22. Centre for Technology Entrepreneurship, Technical University of Denmark, Kongens Lyngby, Denmark

23. Hunter Centre for Entrepreneurship, University of Strathclyde, Glasgow, UK

24. Center for Entrepreneurship, Insper Institute of Education and Research, São Paulo, Brazil

25. Graduate School of Management, Kyoto University, Kyoto, Japan

26. Brett Centre for Entrepreneurship, University of Liverpool, Liverpool, UK

27. Montpellier Management Institute, University of Montpellier, Montpellier, France

28. Entrepreneurship, Strategy, Technology, Innovation, Management Department, Montpellier Business School, Montpellier, France

29. Zipline.io, Shenton Park, WA, Australia

30. Waikato Management School, University of Waikato, Hamilton, New Zealand

31. Neuron Business and Development Solutions, Islamabad, Pakistan

Abstract

How can entrepreneurs protect their wellbeing during a crisis? Does engaging agility (namely, opportunity agility and planning agility) in response to adversity help entrepreneurs safeguard their wellbeing? Activated by adversity, agility may function as a specific resilience mechanism enabling positive adaption to crisis. We studied 3162 entrepreneurs from 20 countries during the COVID-19 pandemic and found that more severe national lockdowns enhanced firm-level adversity for entrepreneurs and diminished their wellbeing. Moreover, entrepreneurs who combined opportunity agility with planning agility experienced higher wellbeing but planning agility alone lowered wellbeing. Entrepreneur agility offers a new agentic perspective to research on entrepreneur wellbeing.

Funder

Aubery Chernick Foundation

Corporación de Fomento de la Producción

Ministerio de Ciencia e Innovación, Agencia Estatal de Investigacion

Bundesministerium für Bildung und Forschung

Waikato Management School, The University of Waikato

Programa Operativo FEDER Andalucía

Forskningsrådet om Hälsa, Arbetsliv och Välfärd

Agence Nationale de la Recherche

Ministry of Education, Science and Youth of Sarajevo Canton

King’s Business School, King’s College London

Ministerio de Esducación Cultura y Deporte

Montpellier Research in Management Research Centre

European Union Horizon 2020

Social Sciences and Research Council of Canada

JSPS KAKENHI

Center for Innovation Research at the University of Stavanger Business School

FEDER Andalucía

Publisher

SAGE Publications

Subject

Economics and Econometrics,Business and International Management

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