Purpose

This study investigates the relationship between emotional exhaustion and entrepreneurial exit, particularly how this relationship might be invigorated by two critical psychological factors, namely cognitive well-being (CWB) and affective well-being (AWB).

Design/methodology/approach

Binary logistic regression analysis was employed on a longitudinal data set of 997 self-employed individuals taken from the German Socio-Economic Panel (GSOEP) during years 2012-2013.

Findings

Greater level of emotional exhaustion increases the likelihood of entrepreneurial exit. However, individuals with higher levels of affective or/and cognitive well-being are less likely to engage in the actual entrepreneurial exit behaviors.

Practical implications

Entrepreneurial exit is one of the crucial managerial decisions made by entrepreneurs. The decision to quit is not only triggered by poor firm performance but also by various psychological factors. The authors found subjective well-being as an essential mechanism promoting entrepreneurs’ overall well-being, thus recommending that entrepreneurs psychologically distance themselves from work during off times.

Originality/value

First, the study discovered emotional exhaustion as a crucial psychological precursor of entrepreneurial exit by focusing on actual exit instances rather than intentions and strategies to exit. That contributes to understanding the psychological mechanism involved in resource gain and loss while making exit decisions. Second, affective and cognitive well-being are found to be two crucial enablers that work as a recovery process to deal with emotional exhaustion.

中文翻译：

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感到拖后腿：情绪衰竭与创业退出关系的恢复视角

目的

本研究调查了情绪衰竭与创业退出之间的关系，特别是两个关键心理因素如何激发这种关系，即认知幸福感（CWB）和情感幸福感（AWB）。

设计/方法/方法

对 2012-2013 年期间从德国社会经济小组 (GSOEP) 获取的 997 名个体经营者的纵向数据集进行二元逻辑回归分析。

发现

更大程度的情绪衰竭会增加创业退出的可能性。然而，具有较高情感或/和认知健康水平的个人不太可能参与实际的创业退出行为。

实际影响

创业退出是创业者做出的重要管理决策之一。退出的决定不仅是由公司业绩不佳引发的，还受到各种心理因素的影响。作者发现主观幸福感是促进企业家整体幸福感的重要机制，因此建议企业家在休息时间从心理上远离工作。

原创性/价值

首先，该研究通过关注实际的退出实例而不是退出的意图和策略，发现情绪衰竭是创业退出的一个重要心理前兆。这有助于了解在做出退出决策时涉及资源得失的心理机制。其次，人们发现情感和认知幸福感是两个重要的推动因素，它们可以作为应对情绪衰竭的恢复过程。