Document Type

Article

Source of Publication

Small Business Economics

Publication Date

1-1-2024

Abstract

This exploratory study develops an understanding of how the hitherto under-investigated psychological dimension of place affects entrepreneurs’ well-being. The analysis focuses on eudaimonic well-being, which describes individuals’ psychological functioning and fulfillment of their best potentials and is relatively underexplored compared to hedonic well-being (happiness). Based on prior work in environmental psychology, the study proposes that entrepreneurs’ sense of place—their psychological bond with the local setting of their entrepreneurial activities—is an important component influencing their well-being. The empirical analysis of two waves of original survey data from entrepreneurs located in an urban and a rural region of Finland shows that the sense of place is positively associated with several dimensions of eudaimonic well-being. This study extends the literature by shifting the focus from place as a passive container for entrepreneurs’ activities to its role as an active source of entrepreneurial well-being.

ISSN

0921-898X

Publisher

Springer Science and Business Media LLC

Disciplines

Business

Keywords

Entrepreneurship, Eudaimonia, Rural, Sense of place, Urban, Well-being

Scopus ID

85195674967

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

Included in

Business Commons

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