Well-being drivers for immigrant and native-born entrepreneurs: The effects of competence and relatedness

Entrepreneur well-being has attracted increasing attention among academics and practitioners as scholars have called for broadening the entrepreneurship outcomes beyond financial considerations, and practitioners have had to cope with increased stressors and challenges amid global economic and social uncertainty. However, little is known about differences in well-being drivers for different groups of entrepreneurs. Drawing on self-determination theory, we use data from the Canadian Index of Well-being ( N = 655) and compare how competence and relatedness affect the well-being of immigrant versus native-born entrepreneurs. The evidence demonstrates the differential ways in which these dimensions affect well-being with competence being critical for native-born entrepreneurs, while relatedness is more important to immigrant entrepreneurs. The findings illustrate the need for considering the contextual embeddedness of entrepreneurial activities for a better understanding of the factors that drive well-being for diverse groups of entrepreneurs.