The Effect of Entrepreneurship on Life Satisfaction: Focusing on the Mediating Effect of Self-Determination and Self-Efficacy

기업가정신이 삶의 만족도에 미치는 영향: 자기결정성과 자기효능감의 매개효과중심으로

  • Hong, Hye Young (Dankook University Future ICT Convergence Entrepreneurship Department) ;
  • Nam, Jung Mi (Dankook University Future ICT Convergence Entrepreneurship Department)
  • 홍혜영 (단국대학교 미래ICT융합창업학과) ;
  • 남정민 (단국대학교 미래ICT융합창업학과)
  • Received : 2021.03.10
  • Accepted : 2021.06.28
  • Published : 2021.06.30

Abstract

Research in which an individual's entrepreneurial spirit contributes to the country's economic development through revitalization of entrepreneurship is being actively conducted, but studies related to individual satisfaction or life satisfaction are still insufficient. This study aims to clarify the influence of young adults' entrepreneurial spirit on their life satisfaction and at the same time verify the mediating effect of self-efficacy and self-determination. In addition, an empirical analysis was conducted on 511 young people to reveal the effectiveness of participation in government start-up support projects. The research results are as follows. First, the entrepreneurial spirit had a positive effect on the life satisfaction of young people. Second, self-determination and self-efficacy played a role in mediating the relationship between entrepreneurship and life satisfaction. Finally, participation in start-up support projects did not show a statistically significant moderating effect. This study is expected to provide a clue that life satisfaction can act as a major variable in the impact of entrepreneurship on entrepreneurship. It also implies that the performance of the government start-up support project should be considered not only about the quantitative performance such as sales and employment effect, but also the qualitative performance such as personal life satisfaction.

개인의 기업가정신이 창업활성화를 통해 국가의 경제발전에 기여하는 연구는 활발하게 진행되고 있으나, 개인의 만족 또는 삶의 만족과 관련된 연구는 아직 미흡한 실정이다. 본 연구는 청년들의 기업가정신이 삶의 만족도에 미치는 정(+)의 영향을 밝히는 동시에 자기효능감과 자기결정성의 매개효과를 검증하고자 한다. 또한 창업지원사업 참여경험의 효과성을 밝히고자 청년(만39세미만) 511명을 대상으로 실증분석을 실시하였다. 연구결과는 다음과 같다. 첫째, 기업가정신은 청년들의 삶의 만족도에 긍정적인 영향을 주었다. 둘째, 자기결정성과 자기효능감은 기업가정신과 삶의 만족도 간 관계를 매개하는 역할을 하였다. 끝으로 창업지원사업 참여경험은 통계적으로 유의한 조절효과가 나타나지 않았다. 본 연구는 기업가정신이 창업성과에 미치는 영향에 있어 삶의 만족도가 주요한 변수로 작용할 수 있는 단서를 제공할 것으로 예상한다. 또한 창업지원사업의 성과를 매출액 및 고용효과 등의 정량적 성과뿐만 아니라, 개인의 삶의 만족도와 같은 정성적인 성과에 대해서도 고려해야 함을 시사하는 바이다.

Keywords

References

  1. Ajzen, I.(1987). Attitudes, traits, and actions: Dispositional prediction of behavior in personality and social psychology. Advances in experimental social psychology, 20, 1-63. https://doi.org/10.1016/S0065-2601(08)60411-6
  2. Benz, M., & Frey, B. S.(2004). Being independent raises happiness at work. Swedish economic policy review, 11(2), 95-134.
  3. Benz, M., & Frey, B. S.(2008a). Being independent is a great thing: Subjective evaluations of self-employment and hierarchy. Economica, 75, 362-383. https://doi.org/10.1111/j.1468-0335.2007.00594.x
  4. Bandura, A.(1977). Social learning theory. Englewood Cliffs, NJ: Prentice-Hall.
  5. Blanchflower, D. G.(2004). Self-employment: More may not be better (No. w10286). National Bureau of Economic Research.
  6. Blanchflower, D. G., & Oswald, A. J.(1998). What makes an entrepreneur?. Journal of labor Economics, 16(1), 26-60. https://doi.org/10.1086/209881
  7. Boyd, N. G., & Vozikis, G. S.(1994). The influence of self-efficacy on the development of entrepreneurial intentions and actions. Entrepreneurship theory and practice, 18(4), 63-77. https://doi.org/10.1177/104225879401800404
  8. Campbell, A.(1976). Subjective measures of well-being. American psychologist, 31(2), 117. https://doi.org/10.1037/0003-066X.31.2.117
  9. Chen, J., Kubalak, S. W., & Chien, K. R.(1998). Ventricular muscle-restricted targeting of the RXRalpha gene reveals a non-cell-autonomous requirement in cardiac chamber morphogenesis. Development, 125(10), 1943-1949. https://doi.org/10.1242/dev.125.10.1943
  10. Cho, M. H., & Cha, K. H.(1998). Cross-Country Comparison on Quality of Life, Seoul: Chimmundang.
  11. Choi, H. I., & Song, I, W.(2020). Effects of Self-Efficacy on the Relationship between Digital Information Utilization Ability and Life Satisfaction of the Elderly analysis. Journal of the Korean Industrial-Academic Technology Association, 21 (6), 246-255.
  12. Clark, A. E., Diener, E., Georgellis, Y., & Lucas, R. E.(2008). Lags and leads in life satisfaction: A test of the baseline hypothesis. The Economic Journal, 118(529), F222-F243.
  13. Covin, J. G., & Slevin, D. P.(1989). Strategic management of small firms in hostile and benign environments. Strategic management journal, 10(1), 75-87. https://doi.org/10.1002/smj.4250100107
  14. Deci, E. L., & Ryan, R. M.(1985). The general causality orientations scale: Self-determination in personality. Journal of research in personality, 19(2), 109-134. https://doi.org/10.1016/0092-6566(85)90023-6
  15. Deci, E. L., & Ryan, R. M.(1985). The general causality orientations scale: Self-determination in personality. Journal of research in personality, 19(2), 109-134. https://doi.org/10.1016/0092-6566(85)90023-6
  16. Deci, E. L., & Ryan, R. M.(2000). The" what" and" why" of goal pursuits: Human needs and the self-determination of behavior. Psychological inquiry, 11(4), 227-268. https://doi.org/10.1207/s15327965pli1104_01
  17. Diener, E. D., Emmons, R. A., Larsen, R. J., & Griffin, S.(1985). The satisfaction with life scale. Journal of personality assessment, 49(1), 71-75. https://doi.org/10.1207/s15327752jpa4901_13
  18. Diener, E., & Lucas, R. E.(1999). Personality and subjective well-being. In D. Kahneman, E. Diener, & N. Schwarz (Eds.), Well-being: The foundations of hedonic psychology. 213-229.
  19. Gardner, D. G., & Pierce, J. L.(1998). Self-esteem and self-efficacy within the organizational context: An empirical examination. Group & Organization Management, 23(1), 48-70. https://doi.org/10.1177/1059601198231004
  20. Gerlach & Stephan.(1996). A paper on unhappiness and unemployment in Germany. Economics Letters. Volume 52, Issue 3, September 1996, Pages 325-330. https://doi.org/10.1016/S0165-1765(96)00858-0
  21. Gartner, W. B., Shaver, K. G., Gatewood, E., & Katz, J. A.(1994). Finding the entrepreneur in entrepreneurship.
  22. Gibb, Dyer Jr, W.(2006). Examining the "family effect" on firm performance. Family business review, 19(4), 253-273. https://doi.org/10.1111/j.1741-6248.2006.00074.x
  23. Gist, M. E., & Mitchell, T. R.(1992). Self-efficacy: A theoretical analysis of its determinants and malleability. Academy of Management review, 17(2), 183-211. https://doi.org/10.2307/258770
  24. Ha, G. S., & Yoon, B. J.(2011). A study on the intelligent influence of college students' perceptions of success and failure in entrepreneurship on their entrepreneurial intentions. Journal of the Korean Industrial-Academic Technology Association, 12(8), 3406-3414.
  25. Hagger, M. S., & Chatzisarantis, N. L.(2009). Integrating the theory of planned behaviour and self-determination theory in health behaviour: A meta-analysis. British journal of health psychology, 14(2), 275-302. https://doi.org/10.1348/135910708X373959
  26. Han, J. H., Park, H. W., & Kang, E. J.(2010). Index influence of network centrality on social support and self-efficacy within a team. Management Education Research, 62(1), 47-71.
  27. Havighurst, R. J.(1972). Developmental tasks and education, 3d ed., New York: McKay.
  28. Hong, H. K., Jung, K. Y., & Kim, W. H.(2012). The effect of self-efficacy on job commitment, innovation behavior, and organizational member behavior: Focusing on the moderating effect according to the type of work. Journal of the Korean Contents Association, 12(5), 415-430. https://doi.org/10.5392/JKCA.2012.12.05.415
  29. Hundley, G.(2001). Why and when are the self-employed more satisfied with their work?. Industrial Relations: A Journal of Economy and Society, 40(2), 293-316. https://doi.org/10.1111/0019-8676.00209
  30. Hwang J. Y., & Nam, J. M.(2019). The level of opportunity-type start-up of senior entrepreneurs in Korea, Japan, and Singapore has the effect of efficiency on start-up performance. Korean Journal of Entrepreneurship, 14, 271-293. https://doi.org/10.24878/tkes.2019.14.6.271
  31. Im, S. J.(2017). Analysis of stellar influence and effectiveness of start-up support project on youth entrepreneurship performance, Master's Thesis, Kookmin University.
  32. Jeon, C. H.(2011). An Empirical Study on Corporate Financial Performance, Master's Thesis, Pai Chai University.
  33. Jang, H. S.(2009). The relationship between subjective health and personality traits, happiness and death attitudes in the elderly in Korea. Journal of the Korean Psychological Association: Development, 22(2), 23-40.
  34. Jang, H. J.(2016). Analysis of the effects of government support on the sector: Focusing on economic and social outcomes. Korean Society and Public Administration Study, 26(4), 195-218.
  35. Jeong, S. D., & Seong, M. H.(2012). Comparison of the relationship between social capital and life satisfaction by age group. Health and Social Studies, 32(4), 249-272
  36. Jung, K. H., & Sung, C. S.(2016). The Effect of Entrepreneurship Education on Career Decision Self-Efficacy, Career Preparation Behavior and Entrepreneurial Career Intention: Moderating Effect of Entrepreneurship Education, Asia-Pacific journal of business and venturing, 11(4), 49-57.
  37. Kawaguchi.(2008). Journal of Gender Studies Japan. Japan Society for Gender Studies 2008(11), 51-53.
  38. Kang, Y. W.(2013). A study on the will of small business start-up founders, Doctoral Dissertation, Hoseo University Graduate School of Global Entrepreneurship.
  39. Ki, H. S.(2020). A Study on the Factors of Entrepreneurship and Entrepreneurship Support Policy on Entrepreneurial Intention: Focusing on the Mediating Effect of Startup Self-Efficacy and Startup Failure Burden, Doctoral Dissertation, Soongsil University.
  40. Kim, E. C., Park, Y. S., Kim, M. E., Lee, K. W. & Yoo, H. S.(2000). Differences between youth, adults, and older generations and life satisfaction. Journal of the Korean Psychological Association: Health, 5(1), 119-145.
  41. Kim, E. Y.(2007). Korean College Students' Career Indecision in Relation to Their Autonomy, Competence and Relatedness. The Korean Journal of Counseling and Psychotherapy, 19(4), 1079-1100.
  42. Kim, E. J.(2007). School life among college freshmen influencing parent-child relationships and self-determination sex school life satisfaction. Educational Psychological Research, 21(3), 539-555.
  43. Kim, J. K., Lee Y. B., Lee S. W., Jang K. H., & Lee, M. H.(2008). Evaluating the effectiveness of program funding projects: Focusing on differences in policy funding methods. Journal of Public Administration (Journal of Public Administration), 46.
  44. Kim, J. K.(2018). Factors influencing the perception level and happiness level of young people's life. Korean Social Policy, 25(3), 209-245 https://doi.org/10.17000/kspr.25.3.201809.209
  45. Kim, J. H., & Im, J. H.(2019). Focusing on the moderating effect of entrepreneurship on the functional action and manager/worker status on job performance. Korean Journal of Business Administration, 32 (7), 1181-1197.
  46. Kim, J. Y., & Han, C. K.(2015). Asset Effect on Older Adult's Depression: Is the Effect Mediated by Social Relation Network?. Social Welfare Policy, 42(1), 55-79. https://doi.org/10.15855/swp.2015.42.1.55
  47. Kim, M. S., & Park. M. J.(2000). A study on the harmful effects of religion on the quality of life of the elderly. Korean Gerontology, 20(2), 29-47.
  48. Kim, S. H., & Nam, J. M.(2016). Research on the status and perception of the Korean startup ecosystem, Venture Startup Research, 11 (6), 175-183
  49. Kim, Y. J.(2011). The Relationship of Self-discrepancy with Self-esteem and Life Satisfaction in University Students, Master's Thesis, Sungkyunkwan University Graduate School of Education.
  50. Koh, K. S., & Nam, J. M.(2020). The effect of entrepreneurship at the individual level on job satisfaction and turnover intention: A verification of the moderating effect of entrepreneurship at the organizational level. Journal of the Korean Journal of Entrepreneurship, 4(1), 51-70.
  51. Koo, H. Y., Park, H. S., & Jang, E. H.(2006). Original Articles: Satisfaction with Life and It's Predictors of Korean Adolescents. Journal of Korean Academy of Nursing, 36(1), 151-158. https://doi.org/10.4040/jkan.2006.36.1.151
  52. Krueger Jr, N. F., & Brazeal, D. V.(1994). Entrepreneurial potential and potential entrepreneurs. Entrepreneurship theory and practice, 18(3), 91-104. https://doi.org/10.1177/104225879401800307
  53. La Guardia, J. G., Ryan, R. M., Couchman, C. E., & Deci, E. L.(2000). Within-person variation in security of attachment: a self-determination theory perspective on attachment, need fulfillment, and well-being. Journal of personality and social psychology, 79(3), 367. https://doi.org/10.1037/0022-3514.79.3.367
  54. Lee, B. G.(2013). A study on the efficacy effect of internal and external control performance and perception of chance on life satisfaction of college students. Human Understanding, 34(1), 37-54.
  55. Lee, H. J., Ji, S., Park, M. J.(1979). A study on social, economic, and spatial issues related to the lives of the elderly in low-income households in Korea. Journal of the Korean Cultural Research Institute.
  56. Lee, I. J.(2009). A study of human needs and behaviors that ease understanding of self-efficacy. Management Education Research, 55(1), 221-247.
  57. Lee, M. H., & Jeong, T. Y.(2008). Learning Motivation Path Model with Self-Determination Theory. Journal of the Korean Psychological Association: Cultural and Social Issues, 14(1), 77-99.
  58. Lee, M. H., & Kim, A. Y.(2008). Development and validation of Korean basic psychological needs scale based on self-determination theory. Journal of the Korean Psychological Association: Society and Personality, 22(4), 157-174.
  59. Lee, M. S.(2013). The effect of effective family function and career sentiment on the subjective well-being of adolescents: a comparative study between Korea and China. Juvenile Studies, 20(4), 151-174.
  60. Lee, R. J.(2011). A study on the effects of leisure activities, self-efficacy, and life satisfaction among college students: Focusing on dynamic leisure activities. Tourism and Leisure Studies, 23(7), 489-509.
  61. Lee, S. H., & Park, J. H.(2014). A Study on the Influence of Founders' Government and Entrepreneurship and Entrepreneurship Support Policy on Business Performance: Focusing on the Moderating Effect of Support Services of Startup Incubators. Proceedings of the Conference of the Korean Management Education Association, 163-198.
  62. Lee, Y. B.(2006). Analysis of trends in efficiency and productivity of beneficiary companies. Journal of Public Administration (Journal of Public Administration), 44.
  63. Lee, Y. J., & Yang, Y. S.(2018). The importance, satisfaction, and satisfaction of government start-up support projects recognized by entrepreneurs Impact on the business performance of a company. Venture Startup Research, 13(1), 31-41.
  64. Levesque, C., Zuehlke, A. N., Stanek, L. R., & Ryan, R. M.(2004). Autonomy and competence in German and American university students: A comparative study based on self-determination theory. Journal of educational psychology, 96(1), 68. https://doi.org/10.1037/0022-0663.96.1.68
  65. Lischetzke, T., & Eid, M.(2006). Why extraverts are happier than introverts: the role of mood regulation. Journal of personality, 74(4), 1127-1161. https://doi.org/10.1111/j.1467-6494.2006.00405.x
  66. Lucas, R. E., Clark, A. E., Georgellis, Y., & Diener, E. (2004). Unemployment alters the set point for life satisfaction. Psychological science, 15(1), 8-13. https://doi.org/10.1111/j.0963-7214.2004.01501002.x
  67. Lucas, R. E.(2007). Adaptation and the set-point model of subjective well-being: Does happiness change after major life events?. Current directions in psychological science, 16(2), 75-79. https://doi.org/10.1111/j.1467-8721.2007.00479.x
  68. Morris, M. H., Schindehutte, M., & LaForge, R. W.(2002). Entrepreneurial marketing: a construct for integrating emerging entrepreneurship and marketing perspectives. Journal of marketing theory and practice, 10(4), 1-19. https://doi.org/10.1080/10696679.2002.11501922
  69. Neck, C. P., & Manz, C. C.(1996). Thought self-leadership: The impact of mental strategies training on employee cognition, behavior, and affect. Journal of organizational behavior, 17(5), 445-467. https://doi.org/10.1002/(SICI)1099-1379(199609)17:5<445::AID-JOB770>3.0.CO;2-N
  70. Park, J. H., & Ahn, T. W.(2016). A study on the influence of entrepreneurship and startup preparation on business performance: Focusing on the effect of using startup infrastructure. Venture Entrepreneurship Study, 11(1), 39-47.
  71. Park, S. Y.(2003). Structural model of entrepreneurship, employee empowerment, and organizational effectiveness of venture company CEOs, Doctoral Dissertation, Hoseo University Graduate School of Venture.,
  72. Park, Y. R., Kwon, H. J., Kim, K. H., Choi, M. H., & Han, S. E.(2005). A Study on Relations Between Self-Esteem, Self Efficacy and Quality of Life of the Elderly. Journal of Welfare for the Aged Institute, 29(0), 237-258.
  73. Phelps, E.(2013). Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change, Princeton University Press, 2013.
  74. Przepiorka, A. M.(2017). Psychological determinants of entrepreneurial success and life-satisfaction. Current Psychology, 36(2), 304-315. https://doi.org/10.1007/s12144-016-9419-1
  75. Ryan, A. G., & Aikenhead, G. S.(1992). Students' preconceptions about the epistemology of science. Science education, 76(6), 559-580. https://doi.org/10.1002/sce.3730760602
  76. Ryan, R. M., & Connell, J. P.(1989). Perceived locus of causality and internalization: examining reasons for acting in two domains. Journal of personality and social psychology, 57(5), 749. https://doi.org/10.1037/0022-3514.57.5.749
  77. Ryan, R. M., & Deci, E. L.(2000). Intrinsic and extrinsic motivations: Classic definitions and new directions. Contemporary educational psychology, 25(1), 54-67. https://doi.org/10.1006/ceps.1999.1020
  78. Ryan, T. A.(1970). Intentional behavior: An approach to human motivation.
  79. Seo, B. E., & Kim, K. S.(2016). Focusing on the component differences that affect the happiness of Korean youth. Educational Sociological Studies, 26, 91-115.
  80. Seo M. S., & Roh, T. S.(2013). Role of Perceived Self-Determination in Relationship Marketing: Approaches in Relationship Building and Maintenance Stages. Marketing Management Studies, 18(4), 45-86.
  81. Shin, E. K., Kim, Y. K., & Kim, J. G.(2016). Effect of self-efficacy on career decision according to club activities according to career maturity. Tourism Studies, 41(1), 133-154.
  82. Shin, Y. S.(2013). A study on the harmfulness of start-up support projects to start-up performance, Doctoral Dissertation, Chung-Ang University Graduate School.
  83. Stensman, R.(1985). Severely mobility-disabled people assess the quality of their lives. Scandinavian journal of rehabilitation medicine.
  84. Timmons, J. A.(1999). New venture creation: Entrepreneurship for 21st century (5th ed.). Homewood, Illinois: IrwinMcGraw-Hill.
  85. Tobin, S. S., & Neugarten, B. L. (1961). Life satisfaction and social interaction in the aging. Journal of Gerontology, 16, 344-346. https://doi.org/10.1093/geronj/16.4.344
  86. Winkelmann, R.(1995). Duration dependence and dispersion in count-data models. Journal of business & economic statistics, 13(4), 467-474. https://doi.org/10.2307/1392392
  87. Winkelmann, L., & Winkelmann, R.(1998). Why are the unemployed so unhappy? Evidence from panel data. Economica, 65(257), 1-15. https://doi.org/10.1111/1468-0335.00111
  88. Wood, R., & Bandura, A.(1989). Social cognitive theory of organizational management. Academy of management Review, 14(3), 361-384. https://doi.org/10.5465/AMR.1989.4279067
  89. Worsch, C., & Scheier, M. F.(2003). Personality and quality of life: The importance of optimism and goal adjustment. Quality of Life Research, 12, 59-72. https://doi.org/10.1023/A:1023529606137
  90. Yang, J. H.(2015). A study on environmental factors affecting entrepreneurial intentions of Korean university students. Management Education Studies, 30(1), 25-45.
  91. Zbierowski, P.(2015). Positive Antecedents and Consequences of Entrepreneurship-Theoretical Considerations. Journal of Positive Management, 6(3), 16-28. https://doi.org/10.12775/JPM.2015.013.2
  92. Zhao, J., Zhou, Y., Li, Z., Wang, W., & Chang, K. W.(2018). Learning gender-neutral word embeddings. arXiv preprint arXiv:1809.01496.