Should I stay or should I go? The impact of entrepreneurs’ loneliness on business exit intentions through entrepreneurial passion

Fei Zhu, Wei Yu, Shea X. Fan, Jason Gabriel Jonathan

Research output: Contribution to journalArticlepeer-review

Abstract

Loneliness is a serious source of suffering for entrepreneurs. Although the negative impact of loneliness on entrepreneurs' well-being has been studied, the mechanism through which loneliness affects entrepreneurial outcomes is less known. In this research, instead of examining the negative consequences of loneliness as related to well-being, we focus on its impact on entrepreneurs' business exit intentions. In particular, we identify entrepreneurial passion as one mediating mechanism through which entrepreneurs' loneliness influences business exit intentions. One time-lagged survey using a sample of entrepreneurs from the United Kingdom and an additional survey using a sample of Indonesian entrepreneurs show that high levels of entrepreneurs' loneliness increase their business exit intentions through reducing entrepreneurial passion. Our findings advance research on entrepreneurs' loneliness by identifying a new mechanism and extending its impact from entrepreneurs’ well-being-related outcomes to a business-related outcome.
Original languageEnglish
Article numbere00368
Pages (from-to)e00368
JournalJournal of Business Venturing Insights
Volume19
Early online date13 Dec 2022
DOIs
Publication statusE-pub ahead of print - 13 Dec 2022

Keywords

  • Entrepreneurs' loneliness
  • Entrepreneurial passion
  • Business exit
  • Self-regulation theory

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