Abstract
Despite pitfalls during the entrepreneurial journey, entrepreneurship offers the opportunity to illuminate new ventures and preserve psychological well-being to sustain entrepreneurial development. From a dynamic perspective, this study discusses the early stage of the entrepreneurial process affecting student entrepreneurs’ psychological well-being and examines the moderating role of entrepreneurial creativity. By building a framework with the data of 1873 student entrepreneurs across 36 university business incubators in China involved in entrepreneurship activity, we found that entrepreneurial passion, alertness and intention had a positive correlation with entrepreneurs’ psychological well-being, but entrepreneurial action had the opposite effect. Entrepreneurial creativity positively moderated relationships between entrepreneurial action and students’ psychological well-being. This finding contributes to a full understanding of students’ psychological well-being on their entrepreneurial journey in the context of COVID-19 and eases the pressure of entrepreneurship by strengthening entrepreneurial creativity education.
Highlights
The COVID-19 pandemic has exacerbated entrepreneurial stress or the employment difficulties for university students
We explore the relationship between the entrepreneurial process and student entrepreneurs’
The following discussion relates to the main findings: Firstly, we analyzed entrepreneurs’ psychological well-being in the entrepreneurial journey
Summary
The COVID-19 pandemic has exacerbated entrepreneurial stress or the employment difficulties for university students. Student entrepreneurs start from passion, bring new opportunities forward, and move towards entrepreneurial action, which is often like a roller coaster ride [4]. During this process, psychological well-being, as an important psychological capital, is essential for student entrepreneurs engaged in entrepreneurship. We develop relationships between the entrepreneurial process and psychological well-being from student entrepreneurs’ perspective and examine the moderating effects of entrepreneurial creativity in these relationships. To test these relationships, we use the data of 1873 student entrepreneurs from 36 university incubators in China.
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