Entrepreneurs’ Life Satisfaction Built on Satisfaction with Job and Work–Family Balance: Embedded in Society in China, Finland, and Sweden

Abstract

Entrepreneurs are known to be more satisfied than employees, with their life satisfaction being built on their satisfaction with their job and work–family balance. We argue that effects differ among societies, drawing on theories about self-determination and culture. Representative samples of 1276 entrepreneurs and 3821 employees in traditional China and modern Finland and Sweden were surveyed by the Global Entrepreneurship Monitor (GEM), which is amenable to multivariate analyses. The effects of occupation upon satisfaction were found to differ among the societies, consistent with their cultural differences. These findings contribute to contextualizing theories about satisfaction being embedded in society and culture.