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  • Stephan, Ute, et al. (author)
  • Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic
  • 2023
  • In: Entrepreneurship. - : Sage Publications. - 1042-2587 .- 1540-6520. ; 47:3, s. 682-723
  • Journal article (peer-reviewed)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.
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2.
  • Stephan, Ute, et al. (author)
  • Agility or Wait-and-See? : How the Covid-19 Crisis Impacts Entrepreneurs’ Well-being across Countries
  • 2021
  • In: Academy of management annual meeting proceedings. - Briarcliff Manor, NY, USA : Academy of Management.
  • Conference paper (other academic/artistic)abstract
    • We study how entrepreneurs and their well-being are impacted by crises and which entrepreneurs are able to safeguard their well-being. We examine the impact of the Covid-19 pandemic in a multilevel study of 3,149 entrepreneurs from 20 countries and draw attention to entrepreneur agility (flexible and adaptive action) both as a crisis response strategy and as a possible way for entrepreneurs to protect their well-being. We find that agile entrepreneurs, especially those that recognized new opportunities for their business in the pandemic, had better well-being during the pandemic (life satisfaction and vitality). Our findings offer further insights into agility as a response to adversity and whether it is enabled by cultural contexts supporting agility and entrepreneurs? human capital.
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