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Abstract
The entrepreneurship is stated as a highly stressing occupation which has frequently been involved in the risks and workloads.Similarly, entrepreneurs are a valuable asset to bring out prosperity in the economy. In this respect, it is a necessity to examine the factors which may affect entrepreneurs. The current study proposes to investigate the impact of entrepreneurial adversity and psychological capital on entrepreneurial resilience among entrepreneurs of Pakistan. A conceptual model as developed on the basis of such factors. The study employed a survey questionnaire to collect the facts from the entrepreneurs of Pakistan. Hence, the data is analysed through SPSS and AMOS version 26.0 for windows. The overall findings emphasized as a negative and insignificant impact of entrepreneurial adversity on entrepreneurs' well-being.
Henceforth,the relationship between entrepreneurial adversity and entrepreneurial resilience as mediated through the locus of control (psychological capital). The findings of the study may contribute for policy makers and planners to think over the role of psychological as well as entrepreneurial adversity's factors towards bringing out the well-being among the entrepreneurs. Lastly, the study may contribute to the field literature particularly contextual perspectives in Pakistan.
Introduction
Entrepreneurs are the contributors and recognized as the essential asset for the economy (McMullen and Shepherd, 2006). Entrepreneurs provide the benefits and uplifting the society through creating wealth as well as growth and awareness of risk factor. Entrepreneurs start their business by bearing in mind the significant chances of a geat failure. According to Shane et al. (2003); Baum and Locke (2004) that entrepreneurs are stated as fervent and passionate about their ventures/businesses despite highly unprotected to adverse affecting conditions concerning fear, stress, and anxiety (Chen et al., 2009). After bearing such the unfavourable circumstances, they never discourage and continue their opportunity recognition; decision-making; and entrepreneurial judgment. Indeed, entrepreneurs select to confront the risks, stress and adversity by involving in entrepreneurial activities due to certain dispositional traits and psychological capital that empowers them to undergo the high levels of ambiguity/uncertainty as well as other entrepreneurial adversity (Brandstatter, 1997; Patel & Thatcher, 2014). Psychological resilience fits within entrepreneurial perceptions inquiry. Psychological resilience is explained as the ability of individuals to manage magnificently with substantial revolution, risk or adversity (Lee & Cranford, 2008, p. 213). Although there are...