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Fear of Failure, Financial Performance, and Entrepreneurial Well-being: Some Insights from Start-ups in an Emerging Market Economy

In: Proceedings of the International Conference on Entrepreneurship, Leadership and Business Innovation (ICELBI 2022)

Author

Listed:
  • Donard Games

    (Universitas Andalas, Department of Management, Faculty of Economics and Business)

  • Rifka Zikria

    (Universitas Andalas, Department of Management, Faculty of Economics and Business)

  • Tri Siwi Agustina

    (Universitas Airlangga, Department of Management, Faculty of Economics and Business)

  • Rambat Lupiyoadi

    (Universitas Indonesia, Department of Management Faculty of Economics and Business)

Abstract

The present study investigates the effect of fear of failure on entrepreneurs’ well-being in West Sumatra, Indonesia, where financial performance is expected as the mediating variable. The data were collected online from eighty-five start-up businesses that have run for 0–5 years in West Sumatera, Indonesia. The collected data were analyzed using smartPLS 3.3.9. It was found that there is no link between fear of failure and affected entrepreneurs’ well-being. However, fear of failure is negatively and significantly related to financial performance, while the latter is positively and significantly related to entrepreneurs’ well-being. Financial performance did not mediate the link between fear of failure and entrepreneurs’ well-being.

Suggested Citation

  • Donard Games & Rifka Zikria & Tri Siwi Agustina & Rambat Lupiyoadi, 2023. "Fear of Failure, Financial Performance, and Entrepreneurial Well-being: Some Insights from Start-ups in an Emerging Market Economy," Advances in Economics, Business and Management Research, in: Donard Games & Maruf (ed.), Proceedings of the International Conference on Entrepreneurship, Leadership and Business Innovation (ICELBI 2022), pages 185-193, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-350-4_18
    DOI: 10.2991/978-94-6463-350-4_18
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