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The Bigger the Better? Business Size and Small-Business Owners’ Subjective Well-Being
Umeå University, Faculty of Social Sciences, Department of Sociology.ORCID iD: 0000-0002-3857-4398
Umeå University, Faculty of Social Sciences, Department of Sociology.ORCID iD: 0000-0003-3349-5778
University of Gothenburg, Göteborg, Sweden.
2021 (English)In: Journal of Happiness Studies, ISSN 1389-4978, E-ISSN 1573-7780, Vol. 22, p. 1071-1088Article in journal (Refereed) Published
Abstract [en]

Business growth is often portrayed as an important outcome for small-business owners. Few empirical studies have however examined whether there is a positive relationship between business size and different dimensions of small-business owners’ subjective well-being. In a large cross-sectional sample (n = 1089) of small-business owners from Sweden, we investigate the relationship between business size and the two main components of subjective well-being, life satisfaction and emotional well-being. By means of structural equation modelling, we determine the importance of business size for subjective well-being by focusing on potential advantages (financial satisfaction) and disadvantages (time pressure) related to business size. The results show that there is no overall relationship between business size and life satisfaction, but a weak negative relationship between business size and emotional well-being. However, in a subsequent mediation analyses we find that these findings largely can be explained by the fact that financial satisfaction and time pressure relate to subjective well-being in opposite directions and thus cancel each other out. The results of the mediation analysis also reveal differences across the two components of subjective well-being. We here find that financial satisfaction is more important for small-business owners’ life satisfaction while time pressure is more important for their emotional well-being.

Place, publisher, year, edition, pages
Springer, 2021. Vol. 22, p. 1071-1088
Keywords [en]
Self-employment, Subjective well-being, Life satisfaction, Emotional wellbeing, Financial satisfaction, Time pressure, Business size
National Category
Psychology (excluding Applied Psychology) Sociology (excluding Social Work, Social Psychology and Social Anthropology) Social Psychology
Research subject
Sociology
Identifiers
URN: urn:nbn:se:umu:diva-171086DOI: 10.1007/s10902-020-00264-2ISI: 000535448100001Scopus ID: 2-s2.0-85085323332OAI: oai:DiVA.org:umu-171086DiVA, id: diva2:1432089
Available from: 2020-05-26 Created: 2020-05-26 Last updated: 2023-03-24Bibliographically approved

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Fors, FilipJohansson Sevä, Ingemar

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Journal of Happiness Studies
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