Thus, entrepreneurs vary in the degree to which they believe their organization generates social value, and we investigate the outcomes of these beliefs on their work-related well-being. The conviction that organizations should contribute to the common good, rather than being focused on their personal interests, might cause entrepreneurs who integrate social value creation goals into their organizations activities to find their work particularly meaningful when they create social value. In addition, we controlled for the entrepreneurs work overload, which can be a key predictor of burnout (Bakker et al. A weekly update of the most important issues driving the global agenda. Developing a conceptual framework for comparing social value creation. 2018). Work commitment and job satisfaction over three career stages. Journal of Personality and Social Psychology, 103(4), 663688. For instance, Aknin et al. We investigate entrepreneurs beliefs that they create value for society at large, so we still use the term social value creation, to emphasize that these beliefs capture the positive contributions entrepreneurs seek to make to their surrounding societal environments. Journal of Personality Assessment, 85(2), 170178. The nature and experience of entrepreneurial passion. Entrepreneurs social value creation beliefs relate negatively to work burnout (b=-0.213, p<0.01). This mediating role of work meaningfulness is also consistent with COR theory. To test these predictions, we adopt a three-study design and analyze three samples of entrepreneurs located in Germany and Switzerland, using data from the German Public Value Atlas 2015 and 2019 and the Swiss Public Value Atlas 2017 (Meynhardt et al. This is related to technology, strategy, or industry, but most importantly, to 'social entrepreneurship', which goes beyond the pursuit of profits, tackling social, cultural, and environmental issues (Robertson et al., Citation 2020; Roundy, Citation 2017). Nonetheless, we undertook a robustness test for the models with mediating pathways (i.e., Studies 2 and 3) to check for the presence of common method bias, using Harmans single-factor test (Podsakoff et al. (2000). 2014), How satisfied are you with your work at the moment? The responses used a six-point scale (1=completely dissatisfied, 6=completely satisfied). Book Advancing public policy for high-growth, female, and social entrepreneurs. Spreitzers (1995) three-item meaningfulness scale provided the measure of work meaningfulness. Taking care of business: The impact of culture and gender on entrepreneurs blended value creation goals. 2013). (2005). 2013). Determinants of job satisfaction: A European comparison of self-employed and paid employees. By creating new jobs, entrepreneurs are a great way to improve the lives of others. Higher education institutions (HEIs) are very relevant for the economics of their local environment and have a significant economic and social impact on their communities. 2019) could be influenced by the extent to which they experience tensions between their work and life obligations too. When and for whom ethical leadership is more effective in eliciting work meaningfulness and positive attitudes: The moderating roles of core self-evaluation and perceived organizational support. We find no empirical support for such a relationship across the different samples.). The likelihood ratio test (2(11)=7.16, p=0.786) indicated that the model with categorical specifications did not fit the data significantly better than the model with continuous specifications. Hrisch, J., Kollat, J., & Brieger, S. A. 2009; Terjesen et al. Hareli, S., & Parkinson, B. (2013) show that experiences of the significance or meaningfulness of work is an essential, intrinsic work characteristic that relates positively to job satisfaction, among both self-employed and salaried professionals. 2013). Self-reports in organizational research: Problems and prospects. Reliability and validity of instruments measuring job satisfactionA systematic review. Another avenue for research might focus on the relationship between entrepreneurs social value creation beliefs and work-related well-being in settings typically associated with social objectives, such as social services, healthcare, or education. Consistent with previous research (Brieger and De Clercq 2019; Brieger et al. For example, our theoretical focus was on entrepreneurs beliefs that they create social value; it would be interesting to investigate the extent to which such value is actually created, as well as how any discrepancies between self- and other-perceptions of social value creation may influence entrepreneurs work meaningfulness and work-related well-being. The message is clear. Work & Stress, 26(3), 252271. Workers and customers thus prefer to associate with recognized occupations and organizations, which become central to their identity formation and help define them in relation to their social environment (Ashforth and Mael 1989; Turban and Greening 1997). Using data from the German Public Value Atlas 2015 and 2019 and the Swiss Public Value Atlas 2017, a three-study design analyzes three samples of entrepreneurs in Germany and Switzerland. To test these hypotheses, we gather data from the 2015 and 2019 German Public Value Atlas (www.gemeinwohlatlas.de/en) and the 2017 Swiss Public Value Atlas (www.gemeinwohl.ch/en). Journal of Organizational Behavior, 25(3), 293315. We consider respondents who reported they were self-employed, worked full- or part-time, and answered all items considered, resulting in a sample of 174 self-employed people. PubMedGoogle Scholar. Small Business Economics, 47(2), 461478. Entrepreneurship is the ability and willingness of a person to plan, create and run a business and to manage all its risks and uncertainties to achieve a profit. An identity is a set of meanings applied to the self in a social role or as a group member, which helps clarify the question Who am I? (Burke 1980; Hogg et al. (2019). Research in Organizational Behavior, 30, 91127. Newbury Park, CA: Sage. Needs for a positive self-concept and respect from others motivate people to participate in recognized social roles and social groups. Hobfoll, S. E. (2011). It creates a long term impact. International Journal of Public Administration, 32(34), 192219. Academy of Management Review, 14(1), 2039. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. The business world is no exception. With an ordinary least squares regression, we examine the relationship between entrepreneurs social value creation beliefs and work-related well-being. Study 1 reveals that entrepreneurs report higher job satisfaction when they believe their organization creates social value. On the misery of losing self-employment. Entrepreneurs who perceive that their organization creates social value also report lower levels of work burnout in Model 3, so social value creation beliefs are significantly and negatively related to work burnout (b=0.213, p<0.01), in support of Hypothesis 1. Developing social entrepreneurs and social innovators: A social identity and self-efficacy approach. 2017). Moreover, our focus on work-related well-being, instead of general well-being in life, entails a more proximate outcome of organizational social value creation, whereas entrepreneurs life satisfaction (Kibler et al. The former study thus might have been unable to capture the full sense of fulfillment that entrepreneurs enjoy when they experience the outcomes of their social value creation efforts firsthand. Entrepreneurship Research Journal, 3(2), 207237. The results of the regression analysis in Model 1, Table 2, indicate that entrepreneurs social value creation beliefs relate positively to their job satisfaction (b=0.366, p<0.01). International Journal of Human Resource Management. Brieger, S. A., Terjesen, S. A., Hechavarra, D. M., & Welzel, C. (2019b). Informed consent was obtained from all individual participants included in the study. We hypothesize in particular that entrepreneurs social concerns about the common good operate as catalysts for their social value creation to fuel a sense of work meaningfulness and subsequent work-related well-being. Are happier people more willing to make income sacrifices to protect the environment? The influence of culture, community, and the nested-self in the stress process: Advancing conservation of resources theory. Hackman, J. R., & Oldham, G. R. (1976). Burnout: 35 years of research and practice. B., Demerouti, E., & Schaufeli, W. B. Entrepreneurship Theory and Practice, 39(5), 10511082. Part of Springer Nature. The correlation matrix shows positive, significant associations of social value creation beliefs with work meaningfulness (r=0.45, p<0.05), work engagement (r=0.34, p<0.05), and social concerns (r=0.23, p<0.05). We have added to extant research by unpacking the relationship between entrepreneurs social value creation beliefs and work-related well-being, with a particular focus on the roles of work meaningfulness and social concerns in this process. The results of Model 8 show that work meaningfulness has a positive, significant association with work engagement (b=0.564; p<0.01), and the direct relationship between social value creation beliefs and work engagement becomes non-significant after we control for work meaningfulness (b=0.105, ns). We similarly suggest that entrepreneurs social value creation beliefs positively relate to their work-related well-being through their experienced work meaningfulness. Mohr, J., & Spekman, R. (1994). Zahra, S. A., & Wright, M. (2016). Journal for the Theory of Social Behaviour, 38(2), 131156. The gains of entrepreneurship are only realized, however, if the business environment is receptive to . (2004). Accordingly, our study framework could be assessed in other economic, cultural, and institutional contexts to test the generalizability of our findings. Hechavarra, D. M., Terjesen, S. A., Ingram, A. E., Renko, M., Justo, R., & Elam, A. Journal of Business and Psychology, 13, 447455. We measured it with one item: I am concerned that too little attention is being paid to the common good in Switzerland. Entrepreneurs used a six-point scale (1=strongly disagree, 6=strongly agree) to respond. Yet this scale is admittedly narrow, capturing only a few aspects of what social value creation might entail. The regression results are in Table 6. Nonetheless, reflecting the data sources we use to test them, the empirical test of Hypothesis 1 focuses on explaining all three components, that for Hypothesis 2 addresses work engagement and work burnout, and the test of Hypothesis 3 involves work engagement. Abstract. In this article, we'll dive deeper into . We also contribute to social entrepreneurship literature, and its quantitative research stream, which primarily has focused on drivers rather than outcomes of socially oriented entrepreneurial activity. 2017; Verquer et al. Kristof, A. L. (1996). That is, people seek to regulate the meanings of their behavior so that those meanings are consistent with their identity meanings (Stets and Carter 2011, p. 192), but if that regulation is not possible, and contradictions and inconsistencies between the meaning of behavior and the meaning of identity persist, negative emotions may emerge. Hakanen, J. J., & Schaufeli, W. B. Business Business Analysis How can social entrepreneurship contribute to society? 2017). https://doi.org/10.1007/s10551-020-04512-6, DOI: https://doi.org/10.1007/s10551-020-04512-6. Addressing moderated mediation hypotheses: Theory, methods, and prescriptions. Entrepreneurs mental health and well-being: a review and research agenda. And for social entrepreneurs generally, the act of envisioning a new future begins with belief in the power of human beings to transform their lives. Even in innovation-driven economies, only 1-2% of the work force starts a business in any given year. Of approximately 25,000 entrepreneurs, located in more than 50 countries, only about 20% reported prioritizing economic goals solely; the vast majority cited the importance of social or environmental goals too. Hobfoll, S. E., & Shirom, A. Some studies distinguish between opportunity and necessity entrepreneurship activities: Positive factors, such as opportunities to socially develop or simply the desire to be independent; and negative motivations, such as unemployment or the general dissatisfaction with the current situation [ 8 ]. "Learn more about the social business landscape you want to work in and see who the players are and how they're changing the world. 2003). Work related well-being: Burnout, work engagement, occupational stress and job satisfaction within a medical laboratory setting. Extant research indicates that perceived contributions to the greater societal good can serve as a primary source of work meaningfulness (Glavas and Kelley 2014; Rosso et al. It also could investigate other outcomes of social value creation beliefs, such as whether entrepreneurs who perceive that their business creates social value experience fewer workfamily conflicts or are happier in their personal lives. For the moderated mediation effect specifically, we used bootstrapping to test the significance of the conditional indirect relationships at low, middle, and high levels of the moderating variable, as well as to assess the corresponding confidence intervals (MacKinnon et al. Prosociality in business: A human empowerment framework. The effects of perceived corporate social responsibility on employee attitudes. That is, a sense that they perform work that is meaningful should increase the work-related well-being of these socially oriented entrepreneurs, thereby generating positive energy resources (e.g., higher work engagement), and preventing resource depletion (e.g., lower work burnout) (Wright and Bonett 1997). Satisfaction over three career stages economic, cultural, and the nested-self in the study that too little is! ( 34 ), 293315, G. R. ( 1976 ) consent was obtained from individual... We controlled for the Theory of social Behaviour, 38 ( 2 ),.... 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