The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan
The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan
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DOI：
10.1007/s11482-021-09947-1
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发表时间：
2021-05
影响因子：
3.4
通讯作者：
Y. Honjo;Kenta Ikeuchi;Hiroki Nakamura
中科院分区：
文献类型：
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作者：
Y. Honjo;Kenta Ikeuchi;Hiroki Nakamura
本研究探讨创业经验与主观幸福感的关系。本研究利用对日本10,001人进行的关于主观幸福感、创业经历、财富水平（从收入、现金、资产等观察变量推断）、个人属性的原始调查，对影响创业经历与主观幸福感之间关系的因素进行了研究。我们衡量创业经验是指个人在融资、拥有和运营公司方面的经验。我们认为财富水平对主观幸福感的中介作用，因为企业家幸福感与来自收入，现金和资产的财富有关。我们的研究结果没有提供显着的证据表明，具有创业经验的个人有更高的主观幸福感。然而，我们发现创业经验通过财富对主观幸福感产生了积极的间接影响，通过债务产生了消极的间接影响。本研究的结果表明，考虑财务动机在创业幸福感中的中介作用非常重要。
This study investigates the relationship between entrepreneurial experience and subjective well-being. Using an original survey on subjective well-being, entrepreneurial experience, level of wealth (inferred from observed variables of income, cash, and assets), and personal attributes of 10,001 individuals in Japan, we examine the factors that mediate the association between entrepreneurial experience and subjective well-being. We measure entrepreneurial experience as an individual’s experience in funding, owning, and running a corporation. We consider the mediating effect of the level of wealth on subjective well-being because entrepreneurial well-being is associate with wealth derived from income, cash, and assets. Our results provide no significant evidence that individuals with entrepreneurial experience have higher subjective well-being. However, we find a positive indirect effect of entrepreneurial experience on subjective well-being through wealth and a negative indirect effect through debt. The findings of this study indicate the importance of considering the mediating effect of financial motives in entrepreneurial well-being.