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      Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic

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      Entrepreneurship Theory and Practice
      SAGE Publications
      entrepreneurship, wellbeing, agility, crisis, life satisfaction, subjective vitality, stress, COVID-19 pandemic, adversity, resilience

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          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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          Most cited references134

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            The Satisfaction With Life Scale.

            This article reports the development and validation of a scale to measure global life satisfaction, the Satisfaction With Life Scale (SWLS). Among the various components of subjective well-being, the SWLS is narrowly focused to assess global life satisfaction and does not tap related constructs such as positive affect or loneliness. The SWLS is shown to have favorable psychometric properties, including high internal consistency and high temporal reliability. Scores on the SWLS correlate moderately to highly with other measures of subjective well-being, and correlate predictably with specific personality characteristics. It is noted that the SWLS is Suited for use with different age groups, and other potential uses of the scale are discussed.
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              Evaluating Structural Equation Models with Unobservable Variables and Measurement Error

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                Author and article information

                Journal
                spetp
                ETP
                Entrepreneurship Theory and Practice
                SAGE Publications (Sage CA: Los Angeles, CA )
                1042-2587
                1540-6520
                9 June 2022
                9 June 2022
                : 10422587221104820
                Affiliations
                [1 ]King’s Business School, Ringgold 4616, universityKing’s College London; , London, UK
                [2 ]Work and Organisational Psychology, Ringgold 9169, universityTechnische Universität Dresden; , Dresden, Germany
                [3 ]Department of Human Resource Management, Ringgold 256187, universityUniversity of Economics in Katowice; , Katowice, Poland
                [4 ]Business Organization and Marketing Department, Ringgold 16772, universityPablo de Olavide University; , Seville, Spain
                [5 ]Department of Work and Organisational Psychology, Ringgold 9169, universityTechnische Universität Dresden; , Dresden, Germany
                [6 ]Whitman School of Management, Ringgold 2029, universitySyracuse University; , Syracuse, NY, USA
                [7 ]Business School, Ringgold 27961, universityKonrad Lorenz University; , Bogota, Colombia
                [8 ]Administraçao de Empresas, universityFGV EAESP (Fundação Getulio Vargas – Escola de Administração de Empresas de Săo Paulo); , São Paulo, Brazil
                [9 ]Economics, Human Resources and Diversity Department, Ringgold 105384, universityMontpellier Business School; , Montpellier, France
                [10 ]Department of Psychology, Ringgold 7675, universityStockholm University; , Stockholm, Sweden
                [11 ]Conrad School of Entrepreneurship and Business, Ringgold 8430, universityUniversity of Waterloo; , Waterloo, ON, Canada
                [12 ]Institute for Management and Organization, Ringgold 27720, universityLeuphana University of Lüneburg; , Lüneburg, Germany
                [13 ]School of Economics and Business, Ringgold 166277, universityUniversity of Sarajevo; , Sarajevo, Bosnia and Herzegovina
                [14 ]Department of Psychology, universityUppsala University; , Uppsala, Sweden
                [15 ]Department of Innovation, Management and Marketing, UiS Business School, universityUniversity of Stavanger; , Stavanger, Norway
                [16 ]Graduate School of Economics, Ringgold 12918, universityKyoto University; , Kyoto, Japan
                [17 ]School of Economics and Management, Ringgold 201138, universityUniversity of Hyogo; , Nishi-ku Kobe, Japan
                [18 ]Departamento de Ingeniería Industrial y de Sistemas, Ringgold 28033, universityPontificia Universidad Católica de Chile; , Santiago, Chile
                [19 ]Department of Management, Ringgold 4013, universityUniversity of Huddersfield; , Huddersfield, UK
                [20 ]Centre for Transformative Work Design, Ringgold 1649, universityCurtin University; , Perth, WA, Australia
                [21 ]Ringgold 610249, universityShanghai Artificial Intelligence Laboratory; , Shanghai, China
                [22 ]Centre for Technology Entrepreneurship, Ringgold 5205, universityTechnical University of Denmark; , Kongens Lyngby, Denmark
                [23 ]Hunter Centre for Entrepreneurship, Ringgold 70446, universityUniversity of Strathclyde; , Glasgow, UK
                [24 ]Center for Entrepreneurship, Ringgold 154618, universityInsper Institute of Education and Research; , São Paulo, Brazil
                [25 ]Graduate School of Management,university Kyoto University; , Kyoto, Japan
                [26 ]Brett Centre for Entrepreneurship, Ringgold 4591, universityUniversity of Liverpool; , Liverpool, UK
                [27 ]Montpellier Management Institute, Ringgold 27037, universityUniversity of Montpellier; , Montpellier, France
                [28 ]Entrepreneurship, Strategy, Technology, Innovation, Management Department, Ringgold 105384, universityMontpellier Business School; , Montpellier, France
                [29 ]Zipline.io, Shenton Park, WA, Australia
                [30 ]Waikato Management School, Ringgold 3717, universityUniversity of Waikato; , Hamilton, New Zealand
                [31 ]Ringgold 5205, universityNeuron Business and Development Solutions; , Islamabad, Pakistan
                Author notes
                [*]Ute Stephan, King’s Business School, King’s College London, 30 Aldwych, Bush House, London WC2B 4BG, UK. Email: ute.stephan@ 123456kcl.ac.uk
                [*]

                The first two authors contributed equally to this paper and are listed in alphabetical order

                Author information
                https://orcid.org/0000-0003-4514-6057
                https://orcid.org/0000-0001-6144-1940
                https://orcid.org/0000-0002-9210-5269
                https://orcid.org/0000-0001-6344-9508
                https://orcid.org/0000-0002-1105-2469
                https://orcid.org/0000-0002-6853-1225
                https://orcid.org/0000-0001-5294-6787
                https://orcid.org/0000-0003-4642-512X
                https://orcid.org/0000-0002-9125-8271
                https://orcid.org/0000-0002-6737-2728
                https://orcid.org/0000-0002-8510-433X
                https://orcid.org/0000-0001-5085-5056
                https://orcid.org/0000-0001-9418-4493
                https://orcid.org/0000-0001-8338-000X
                https://orcid.org/0000-0003-4522-5249
                https://orcid.org/0000-0002-7104-0486
                https://orcid.org/0000-0003-1359-7339
                https://orcid.org/0000-0002-1253-1744
                https://orcid.org/0000-0003-3727-4577
                https://orcid.org/0000-0002-9255-1787
                Article
                10.1177_10422587221104820
                10.1177/10422587221104820
                9184834
                10fc8e75-4bf4-45f5-ba31-1a6cbdbcb76e
                © The Author(s) 2022

                This article is distributed under the terms of the Creative Commons Attribution 4.0 License ( https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page ( https://us.sagepub.com/en-us/nam/open-access-at-sage).

                History
                Funding
                Funded by: Aubery Chernick Foundation;
                Funded by: Corporación de Fomento de la Producción (CORFO);
                Funded by: Ministerio de Ciencia e Innovación, Agencia Estatal de Investigacion;
                Award ID: PID2020-114751RB-I00
                Award ID: MCIN/AEI/10.13039/50
                Funded by: Bundesministerium für Bildung und Forschung, FundRef https://doi.org/10.13039/501100002347;
                Award ID: TransCampus Grant TU Dresden-King’s College London
                Funded by: Waikato Management School, The University of Waikato;
                Funded by: Programa Operativo FEDER Andalucía;
                Award ID: UPO-1258353
                Funded by: Forskningsrådet om Hälsa, Arbetsliv och Välfärd (FORTE);
                Award ID: 2017-01063
                Award ID: 2019-01311
                Funded by: Agence Nationale de la Recherche, FundRef https://doi.org/10.13039/501100001665;
                Award ID: ANR-10-Labex-11-01 (LabEx Entreprendre)
                Funded by: Ministry of Education, Science and Youth of Sarajevo Canton;
                Funded by: King’s Business School, King’s College London;
                Funded by: Ministerio de Esducación Cultura y Deporte;
                Award ID: PRX19/00332
                Funded by: Montpellier Research in Management Research Centre;
                Funded by: European Union Horizon 2020;
                Award ID: Marie Sklodowska-Curie grant agreement No 793117
                Funded by: Social Sciences and Research Council of Canada;
                Funded by: JSPS KAKENHI;
                Award ID: JP 20H01530
                Funded by: Center for Innovation Research at the University of Stavanger Business School;
                Funded by: FEDER Andalucía;
                Award ID: PY20_00856
                Categories
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                entrepreneurship,wellbeing,agility,crisis,life satisfaction,subjective vitality,stress,covid-19 pandemic,adversity,resilience

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