Doing well and happy about it? Explaining variance in entrepreneurs’ stated satisfaction with performance

• Main Authors: Gregory B. Murphy, Stephen K. Callaway
• Format: Article
• Language: English
• Published: Emerald Publishing 2004-03-01
• Series: New England Journal of Entrepreneurship
• Online Access: https://www.emerald.com/insight/content/doi/10.1108/NEJE-07-02-2004-B003/full/pdf?title=doing-well-and-happy-about-it-explaining-variance-in-entrepreneurs-stated-satisfaction-with-performance

The importance of performance measurement is largely undisputed. There is debate, however, regarding the equivalency of objective and subjective performance measures.This debate has not considered a frequently used subjective measure, satisfaction with performance, to be an important measure independent of its equivalency with objective measures. Using a sample of 368 manufacturing firms, this study found that objective measures explained only a modest amount of variance in satisfaction with performance and that other variables added significantly to the explained variance.These factors included perceived environmental hostility, vulnerability, perceived competitive advantage, and commitment.