Joint effects of prior start-up experience and coping strategies on entrepreneurs’ psychological well-being

Abstract

Drawing on theories from the coping and entrepreneurship literatures, we investigated the relationship between the entrepreneurs’ active and avoidance coping on psychological well-being (PWB) and the moderating role of prior start-up experience on this relationship. Data from 156 entrepreneurs indicate that the use of avoidance coping positively predicted immediate PWB for entrepreneurs with more start-up experience. Notably, this relationship was negative for entrepreneurs with less start-up experience. We also found that over the extended period, entrepreneurs who used avoidance coping had improved PWB only if they also used active coping. Theoretical and practical contributions to the entrepreneurship and coping research are discussed.