Purpose: We examine an integrative model associating entrepreneurial motivation
and job satisfaction with basic psychological needs satisfaction and the psychological
well-being (PSW) and health problems of European entrepreneurs. In contrast with
previous literature that mainly focuses on hedonic well-being, this study examines
eudaimonic well-being and the link between entrepreneurial motivation and
entrepreneurs' PWB.
Design/methodology/approach: Based on the Self-Determination Theory (SDT)
and using structural equation modelling, this study examines a European representative
sample composed of 7878 entrepreneurs from the sixth “European Survey on Working
Conditions” (6th EWCS; Eurofound, 2015 database)
Findings: This study finds a positive relationship between the satisfaction of the
need for autonomy and competence and opportunity motivation, which in turn is
positively associated with job satisfaction. This study also finds that need satisfaction is
positively associated with entrepreneurs' PWB and job satisfaction, which in turn is
positively associated with entrepreneurs’ PWB and health. Results highlight the relevance
of SDT, opportunity motivation, and job satisfaction to understanding entrepreneurs'
PWB and health.
Originality: To the best of our knowledge, this is the first integrative model relating
satisfaction of basic psychological needs (autonomy and competence) and diverse
individual outcomes related to work (job satisfaction, PWB, and health) of European
entrepreneurs, by considering entrepreneurial motivation. This study examines a large
and representative European sample, in contrast with previous research focusing on the
Anglosphere nations.
