| Author Name | HONJO Yuji (Faculty Fellow, RIETI) / IKEUCHI Kenta (Fellow, RIETI) / NAKAMURA Hiroki (Chuo University) |
|---|---|
| Creation Date/NO. | October 2019 19-E-083 |
| Research Project | Creation and Development of High-tech Startups |
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Abstract
This study investigates the impact of entrepreneurial experience on life satisfaction. Using a unique survey about entrepreneurial experience, level of wealth, and personal attributes of individuals in Japan, we examine the factors that mediate the association between entrepreneurial experience and subjective well-being. As a result, we do not find any evidence on the total effect of entrepreneurial experience on subjective well-being. However, we find a positive indirect effect of entrepreneurial experience on subjective well-being through wealth, in addition to a negative indirect effect through debt. Our findings suggest that monetary incentives motivate Japanese individuals to become entrepreneurs.
Published: Honjo, Yuji, Kenta Ikeuchi, and Hiroki Nakamura, 2022. "The mediating effect of financial motives in the association between entrepreneurial experience and subjective well-being: Evidence from Japan," Applied Research in Quality of Life, Volume 17, Issue 2 (2022), 1043–1067.
https://link.springer.com/article/10.1007/s11482-021-09947-1
