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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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Open access
Authors
Stephan, U.
Zbierowski, P.
Pérez-Luño, A.
Wach, D.
Wiklund, J.
Cabañas, M.
Barki, E.
Benzari, A.
Bernhard-Oettel, C.
Boekhorst, J.
Dash, A.
Efendic, A.
Eib, C.
Hanard, P.
Iakovleva, T.
Kawakatsu, S.
Khalid, S.
Leatherbee, M.
Li, J.
Parker, Sharon
Qu, J.
Rosati, F.
Sahasranamam, S.
Salusse, M.
Sekiguchi, T.
Thomas, N.
Torrès, O.
Tran, M.
Ward, M.
Williamson, A.
Zahid, M.
Date
2022
Type
Journal Article

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Citation
Stephan, U. and Zbierowski, P. and Pérez-Luño, A. and Wach, D. and Wiklund, J. and Cabañas, M. and Barki, E. et al. 2022. Act or wait-and-see? Adversity, agility, and entrepreneur wellbeing across countries during the Covid-19 pandemic. Entrepreneurship Theory and Practice.
Source Title
Entrepreneurship Theory and Practice
DOI
Faculty
Faculty of Business and Law
School
Future of Work Institute
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Remarks

This is an accepted manuscript of an article published by Sage in Entrepreneurship Theory and Practice (in press) available online at 10.1177/10422587221104820. Stephan, U., Zbierowski, P., Pérez-Luño, A., Wach, D., Wiklund, J., Alba Cabañas, M., Barki, E., Benzari, A., Bernhard-Oettel, C., Boekhorst, J.A., Dash, A., Efendic, A., Eib, C., Hanard, P.-J., Iakovleva, T., Kawakatsu, S., Khalid, S., Leatherbee, M., Li, J., Parker, S., Qu, J., Rosati, F., Sahasranamam, S., Sekiguchi, T., Salusse, M.A.Y., Thomas, N., Torres, O., Tran, M.H., Ward, M.K., Williamson, A. & Zahid, M. Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic. Entrepreneurship Theory & Practice. (2022, in press). Copyright © 2022. DOI: 10.1177/10422587221104820

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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 3,162 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.