Entrepreneurial Resilience: Locus of Control and Well-being of Entrepreneurs
University of Massachusetts Amherst, Isenberg School of Management, USA
- *Corresponding Author:
- Bulmash B
University of Massachusetts Amherst
Isenberg School of Management
Tel: + 1 413-545-5610
E-mail: [email protected]
Received date: January 19, 2016; Accepted date: February 22, 2016; Published date: February 28, 2016
Citation: Ben Bulmash (2016) Entrepreneurial Resilience: Locus of Control and Well-being of Entrepreneurs. J Entrepren Organiz Manag 5:171. doi:10.4172/ 2169-026X.1000171
Copyright: © 2016 Bulmash B, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
For entrepreneurs, financial adversity is one of the most dominant causes of stress. Such entrepreneurial adversity can, on the one hand, lead to successful coping or, on the other hand, to maladaptive coping, helplessness, and desperation. In this study, author explores locus of control as psychological capital that contributes to entrepreneurial resilience in the face of prolonged economic adversity. Findings from a sample of 135 entrepreneurs show that entrepreneurial adversity is negatively associated with job satisfaction and self-reported health. Secondly, results reveal a significant moderating effect of locus of control on the adversity-well-being relationship.