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

Hong, Hye Young (Dankook University Future ICT Convergence Entrepreneurship Department)
Nam, Jung Mi (Dankook University Future ICT Convergence Entrepreneurship Department)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.16, no.3, 2021 , pp. 59-72 More about this Journal
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.
Keywords
Entrepreneurship; self-efficacy; self-determination; life satisfaction; Start-up Support Project Participation Experience;
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Times Cited By KSCI : 1  (Citation Analysis)
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