Psychological Resilience and Its Downstream Effects for Business Survival in Nascent Entrepreneurship
Abstract
While scholars frequently argue that nascent entrepreneurs will be more successful if they are resilient, this assumption remains untested and the mechanisms for its potential benefits are unknown. To establish the utility of this psychological construct, we draw from Fredrickson's broaden-and-build theory (1998 ) to develop and test theory on the processes through which psychological resilience influences first-time entrepreneurs' business survival. Results of a time-lagged study of nascent entrepreneurs followed over a 2-year period support this theory, highlighting the cognitive and behavioral ways in which psychological resilience helps nascent entrepreneurs become less vulnerable to their stressful circumstances.
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The study used a longitudinal time-lagged design consistent with prior work, which can improve causal interpretation.
“We used a longitudinal time-lagged design consistent with prior studies, which can improve interpretations related to causality (e.g., Chadwick and Raver, 2020).”
From Work hard or play hard: the effect of leisure crafting on opportunity recognition and venture performance (2023) · cites this paper as Chadwick and Raver, 2020
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- Authors
- Chadwick, I. C., & Raver, J. L.
- Affiliations
- Concordia University (CA)
- Queen's University (CA)
- Corresponding author
- Chadwick, Ingrid C.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2018-09-27
- Volume
- 44
- Issue
- 2
- Pages
- 233-255
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2894012983
- Cited by
- 212
- References
- 109
- Citations by year
- 2026: 39 · 2025: 40 · 2024: 29 · 2023: 37 · 2022: 39 · 2021: 22 · 2020: 4 · 2019: 2
- FWCI
- 9.36
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Entrepreneurship Theory and Practice (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- Social Sciences and Humanities Research Council of Canada
- Topics
- Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
- Social Sciences › Psychology › Clinical Psychology › Resilience and Mental Health
- Social Sciences › Psychology › Social Psychology › Grit, Self-Efficacy, and Motivation
- Keywords
- psychological resilience, business survival, nascent entrepreneurship, first-time entrepreneurs, broaden-and-build theory, stress, cognitive processes, behavioral processes, entrepreneurial success
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