One primary reason entrepreneurs abandon their goals is due to financial difficulties. In one experimental and two field studies, we found a positive relationship between financial stress and quit intention, mediated by affective commitment to their entrepreneurial endeavors. The findings are in line with the challenge–hindrance stressor (CHS) framework and self-determination theory (SDT).
According to transactional stress theory (TST), entrepreneurs’ coping strategies depend on viewing errors as challenges or threats. This study uses latent profile analysis to explore distinct profiles of challenge and threat appraisals among entrepreneurs. The findings reveal five appraisal profiles that highlight differences in error damage control and rumination, suggesting improvements for TST and error management interventions.
Using a latent profile analysis approach, we examine the emergence of mixed challenge and threat appraisal profiles of entrepreneurial action errors. In addition, we investigate how different profiles are related to entrepreneurs’ ways of dealing with errors.