Entrepreneurial Stress and Mental Well-being: Pre-and Post-COVID-19 Comparative Analysis of SMEs in Canada

• Autorzy: Irfan ul Haq , Adnan ul Haque , Nurul Aisyah Awanis A Rahim
• Języki publikacji: EN

Abstrakty

EN

There is no conclusive evidence to compare pre-and post-COVID-19 data to measure the performance of SMEs through the lens of mental well-being. The goal of this paper is to contribute to the existing knowledge through a comparative lens, especially considering entrepreneurial stress. This research examined the entrepreneurial stress and mental well-being of entrepreneurs in Canadian SMEs, specifically pre-and post-COVID-19. The PRISMA framework, basedon the philosophy of interpretivism, was applied and 37 articles were taken into consideration for this research. The findings confirm that there is a significant increase in the entrepreneurial stress affecting the mental well-being and overall performance of Canadian SMEs, especially during and after COVID-19. Furthermore, this research confirmed that everyone's reaction to and precautions taken against entrepreneurial stress vary. Interestingly, distinct stressors such as finances, family, and work-lifeimbalance have evidently increased. However, the magnitude of these stressors varies for individuals. Similarly, the conse-quences also differ; however, emotional symptoms, followed by physical and behav-ioural symptoms, have noticeably been exhibited by entrepreneurs both pre-and post-COVID, while performance among SMEs has dwindled, which has brought about a higher number of entrepreneurship closures. This manuscript contributes to the existing literature from multiple facets, such as (i) through the comparative lens, (ii) enriching the literature from an advanced economy, (iii) expanding upon the the-ory of entrepreneurial stress, and (iv) shedding light on the importance of entrepre-neurs' mental well-being. The manuscript also provides practical implications to en-trepreneurs to deal with distinct types of stressors.(short original abstract)(original abstract)

Słowa kluczowe

EN

Psychological stress; Entrepreneurship; Pandemic; COVID-19

PL

Stres psychologiczny; Przedsiębiorczość; Pandemia; COVID-19

• Czasopismo: Forum Scientiae Oeconomia
• Rocznik: 2024
• Tom: 12
• Numer: nr 1
• Strony: 53--72

Twórcy

autor

Irfan ul Haq

• Yorkville University

autor

Adnan ul Haque

• Universiti Sultan Zainal Abidin, Kuala Nerus, Malaysia; Yorkville University;

autor

Nurul Aisyah Awanis A Rahim

• Universiti Sultan Zainal Abidin, Kuala Nerus, Malaysia

Bibliografia

• 1.AMSSA (2016). Immigration Self-Employment and Entrepreneurship. Migration Matters -March 2016, issue 29. https://www.amssa.org/wp-content/uploads/2020/09/InfoSheet29_-Self-Employment.pdf
• 2.BDC (2021). Canadian Entrepreneur Mental Health and Well-being Report. https://www.bdc.ca/globalassets/digizuite/29745-well-being-study-bdc-2021.pdf
• 3.Beland, L. P., Fakorede, O., & Mikola, D. (2020). Short-Term Effect of COVID-19 on Self-Employed Workers in Canada. Canadian Public Policy. Analyse De Politiques, 46(Suppl 1), S66-S81. https://doi.org/10.3138/cpp.2020-076
• 4.Belitski, M., Guenther, C., Kritikos, A. S., & Thurik, R. (2022). Economic effects of the COVID-19 pandemic on entrepreneurship and small businesses. Small Business Economics, 58(2), 593-609. https://doi.org/10.1007/s11187-021-00544-y.
• 5.Benefits Canada (2022). Benefits for Entrepreneurs.https://www.canada.ca/en/services/benefits/calendar.html
• 6.Bonin, G., Horne, J., Halliday, K., & MacDonald, C. (2023).The Next Frontier of Workplace Culture: How Employers Can Win on Mental Health and Wellbeing.https://www.bcg.com/en-ca/publications/2023/workplace-burnout-costing-canadian-companies-billions
• 7.Cardon, M. S., & Patel, P. C. (2015). Is stress worth it? Stress-related health and wealth trade-offs for entrepreneurs. Applied Psychology: An International Review, 64(2), 379-420. https://doi.org/10.1111/apps.12021
• 8.CBInsight (2021). Business Startup Statistics Canada (2022 Update). https://fundsquire.ca/startup-statistics-canada/

Identyfikatory

DOI

10.23762/FSO_VOL12_NO1_3