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The effectiveness of coping strategies used by entrepreneurs and their impact on personal well-being and venture performance
University of Ljubljana, Faculty of Economics.
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0001-6921-1779
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences.ORCID iD: 0000-0002-8770-8874
2010 (English)In: Zbornik Radova Ekonomskog Fakulteta u Rijeci : ÄRasopis za Ekonomsku Teoriju i Praksu, ISSN 1331-8004, E-ISSN 1846-7520, Vol. 28, no 2, 193-220 p.Article in journal (Refereed) Published
Abstract [en]

This paper analyzes effectiveness of coping strategies that entrepreneurs use to daily manage work related stress. Coping is the process of expending efforts to solve personal and interpersonal problems and reducing stress induced by unpleasant and stressful situations. Two broad strategies of coping are identified; problem-based coping refers to a cognitively-based response behavior that includes efforts to alleviate stressful circumstances while emotion-based coping involves behavioral responses to regulate the affective consequences of stressful events. The purpose of this research is to analyze relationships among the coping strategies used by entrepreneurs and a set of antecedents influencing the selection of coping strategies. The methodology used is based on structural equation modeling and empirical data of 469 entrepreneurs from two European countries. Our results show that problembased coping facilitates well-being and venture performance. In addition, our findings also support interaction effects of founder centrality and contextual conditions of venturing on the extent entrepreneurs engage in coping. We believe that our insights can help in training entrepreneurs in the development of effective coping strategies that are context dependent. In specific, our results suggest entrepreneurs to engage in problem-focused strategies when they want to effectively address the economic aspects of their lives whereas when they engage in emotionbased strategies they seem to increase the self-knowledge they need to start subsequent ventures and facilitate learning from failure. Future studies on coping strategies could study the interplay of coping strategies used to resolve challenging social situations that various stakeholders of practicing entrepreneurs impose.

Place, publisher, year, edition, pages
2010. Vol. 28, no 2, 193-220 p.
National Category
Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-9456Local ID: 8188e748-a5fa-43a4-9017-1ddc8efc9a53OAI: oai:DiVA.org:ltu-9456DiVA: diva2:982394
Note
Validerad; 2011; 20110107 (andbra)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2017-11-24Bibliographically approved

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Örtqvist, DanielWincent, Joakim
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