Psychological well-being of hybrid entrepreneurs: A replication and extension study using German panel data

Abstract

This study contributes to new debates about how hybrid entrepreneurship is related to specific psychological well-being dimensions (job, life, and leisure time satisfaction). To address this issue, Ardianti, Obschonka, and Davidsson (2022; AOD) published first empirical results in JBVInsights. They provide evidence for different effects on well-being, depending on how individuals have switched from or into hybrid entrepreneurship. By drawing on panel data from Germany, two studies are conducted. While study 1 replicates the original methodological approach, study 2 provides an extension by applying cross-model coefficient comparison tests. In study 1 we were able to replicate some of the original results presented by AOD. In contrast to the original study, we find that the switch from wage employment to hybrid entrepreneurship is negatively related to job and life satisfaction. Also, while AOD show that a switch from hybrid entrepreneurship to full-time entrepreneurship relates significantly to job and life satisfaction, we find no such effects. Finally, in study 2, we provide novel evidence that the effects induced by a job switch to hybrid and full-time entrepreneurship are significantly stronger for job satisfaction when compared to life and leisure time satisfaction.