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SELF-EFFICACY AND PSYCHOLOGICAL WELL-BEING OF FEMALE ENTREPRENEURS: A STUDY ON THE BRAZIL-ARGENTINA BORDER

Autoeficacia y bienestar psicológico de mujeres emprendedoras: Un estudio en la frontera Brasil-Argentina

ABSTRACT

The study aimed to compare entrepreneurial self-efficacy and psychological well-being as well as the relationships between these constructs in Brazilian and Argentinean female entrepreneurs. A total of 404 women participated in a survey during a development program at two universities located on the border. The results point to several similarities, which can promote rapprochement and development, and differences, which, if not managed assertively, can lead to conflicts. The results demonstrate associations between entrepreneurial self-efficacy and psychological well-being, thereby expanding the entrepreneurship literature. This study develops the understanding of motivation in entrepreneurial cognition, redefines entrepreneurial success, boaden the scope of women’s entrepreneurial role in this border region, and identifies elements to promote cooperation between female entrepreneurs in both countries. From a managerial point of view, the research shows the need for managers to be aware of cultural differences in everyday actions and negotiations within these territories.

Keywords:
women entrepreneurs; Latin America; entrepreneurial self-efficacy; psychological well-being; entrepreneurial cognition

RESUMEN

El estudio se propuso comparar los niveles de autoeficacia empresarial y bienestar psicológico y las relaciones entre ambos constructos en emprendedoras brasileñas y argentinas. En total, 404 mujeres participaron en una encuesta durante un programa de desarrollo en dos universidades fronterizas. Los resultados apuntan similitudes que pueden promover el acercamiento y desarrollo, y también diferencias, que, si no fueran gestionadas asertivamente, podrían generar conflictos. La evidencia demuestra asociaciones entre la autoeficacia empresarial y el bienestar psicológico que amplían la literatura sobre emprendimiento. La contribución desarrolla la comprensión de la motivación en la cognición emprendedora, ofrece un nuevo significado al éxito empresarial, amplía los límites del rol emprendedor de las mujeres en esta región fronteriza e identifica elementos para promover la cooperación entre ambos países. Desde el punto de vista empresarial, la investigación muestra la necesidad de que los directivos sean conscientes de las diferencias culturales en las acciones y negociaciones cotidianas en estos territorios.

Palabras clave:
mujeres emprendedoras; América Latina; autoeficacia emprendedora; bienestar psicológico; cognición empreendedora

RESUMO

O objetivo do estudo foi comparar os níveis de autoeficácia empreendedora e bem-estar psicológico e as relações entre ambos os construtos em empreendedoras brasileiras e argentinas. No total, participaram de um estudo survey 404 mulheres durante um programa de desenvolvimento de duas universidades fronteiriças. Os resultados apontam diversas semelhanças, que podem promover aproximação e desenvolvimento, e também diferenças, que se não forem geridas de forma assertiva podem gerar conflitos. As evidências demonstram associações entre autoeficácia empreendedora e bem-estar psicológico que ampliam a literatura de empreendedorismo. A contribuição desenvolve o entendimento da motivação na cognição empreendedora, ressignifica o sucesso empreendedor, expande os limites do papel empreendedor da mulher nessa região fronteiriça e, ainda, identifica elementos para promover a cooperação entre as empreendedoras nos dois países. Do ponto de vista gerencial, a pesquisa mostra aos dirigentes a necessidade de ter presentes as diferenças culturais no cotidiano das ações e negociações nesses territórios.

Palavras-chave:
mulheres empreendedoras; América Latina; autoeficácia empreendedora; bem-estar psicológico; cognição empreendedora

INTRODUCTION

The economic and social development of border regions depends on fostering closer ties that help overcome the challenges imposed by the diverse cultural context converged by the countries that integrate these territories (Barros & Samurio, 2019Barros, P. S., & Samurio, S. E. (2019). A institucionalidade da integração fronteiriça na Unasul e no Mercosul. Boletim de Economia e Política Internacional, 25, 35-43. http://repositorio.ipea.gov.br/bitstream/11058/9800/1/BEPI_n25_Institucionalidade.pdf
http://repositorio.ipea.gov.br/bitstream...
; Carneiro, 2019Carneiro, C. P., Filho. (2019). La cooperación transfronteriza en las ciudades gemelas de la Frontera Sur de Brasil. Aldea Mundo, 24(47), 39-50. https://www.redalyc.org/jatsRepo/543/54364072012/html/index.html
https://www.redalyc.org/jatsRepo/543/543...
; Lopes et al., 2023Lopes, I. R. M., Faria, L. C. C., & Gonçalves, J. R. (2023). Mercosul: Problemas estruturais e o dilema da classificação frente aos modelos de bloco econômico. Revista JRG de Estudos Acadêmicos, 6(12), 199-215. https://doi.org/10.5281/zenodo.7692527
https://doi.org/10.5281/zenodo.7692527...
; Miyazaki, 2023Miyazaki, W. E. (2023). Mercosul e parceria transpacífico (CPTPP): Uma análise comparativa e pontos de interesse para a economia brasileira (Dissertação de mestrado). https://dspace.mackenzie.br/handle/10899/31882
https://dspace.mackenzie.br/handle/10899...
; Pessoa & Souza, 2021Pessoa, L. O., & Souza, L. E. S. de. (2021). A integração fronteiriça no Mercosul: Histórico, balanço e perspectivas nos 30 anos do bloco. Brazilian Journal of International Relations, 10(1), 222-252. https://doi.org/10.36311/2237-7743.2021.v10n1.p222-252
https://doi.org/10.36311/2237-7743.2021....
).

This study offers knowledge about the similarities and differences between female entrepreneurs from Brazil and Argentina to serve as a basis for the development of interaction processes since they imply opportunities for building alliances and identities (Carneiro, 2019Carneiro, C. P., Filho. (2019). La cooperación transfronteriza en las ciudades gemelas de la Frontera Sur de Brasil. Aldea Mundo, 24(47), 39-50. https://www.redalyc.org/jatsRepo/543/54364072012/html/index.html
https://www.redalyc.org/jatsRepo/543/543...
).

Studies with female entrepreneurs in Latin America are limited (Amorós et al., 2019Amorós, J. E., Poblete, C., & Mandakovic, V. (2019). R&D Transfer, policy and innovative ambitious entrepreneurship: Evidence from Latin America countries. The Journal of Technology Transfer, 44, 1396-1415. https://doi.org/10.1007/s10961-019-09728-x
https://doi.org/10.1007/s10961-019-09728...
). It is known that female entrepreneurship in this region occurs mostly out of necessity but nevertheless leads to empowerment and emancipation compared to other occupational choices (Ibáñez & Guerrero, 2022Ibáñez, M. J., & Guerrero, M. (2022). Women’s empowerment and emancipation through entrepreneurship: Extending Professor Alistair Anderson’s contributions. Entrepreneurship & Regional Development, 34(7/8), 722-741. https://doi.org/10.1080/08985626.2022.2075038
https://doi.org/10.1080/08985626.2022.20...
). In the case of Brazil and Argentina, the participation of female entrepreneurs in the economy is relevant (Bosma & Kelley, 2019Bosma, N., & Kelley, D. (2019). Global Entrepreneurship Monitor 2018/2019. Global report. Andes, Chile.). As border integration expresses a political, economic, and social process of deepening cooperative relations with the aim of development (Pessoa & Souza, 2021Pessoa, L. O., & Souza, L. E. S. de. (2021). A integração fronteiriça no Mercosul: Histórico, balanço e perspectivas nos 30 anos do bloco. Brazilian Journal of International Relations, 10(1), 222-252. https://doi.org/10.36311/2237-7743.2021.v10n1.p222-252
https://doi.org/10.36311/2237-7743.2021....
), research into the elements that constitute these borders as spaces for forming demands and experimenting with solutions in which regional decisions have intense repercussions is gaining momentum (Desiderá & Penha, 2016Desiderá, W. A., Neto, & Penha, B. (2016). As regiões de fronteira como laboratório da integração regional no Mercosul. Boletim de Economia e Política Internacional, 22, 33-50. https://repositorio.ipea.gov.br/handle/11058/6733
https://repositorio.ipea.gov.br/handle/1...
). The cognition of female entrepreneurs is one of the elements that determine these decisions.

With regard to the broad spectrum that entrepreneurial cognition represents, in this research, the relationship between entrepreneurial self-efficacy (ESE) and psychological well-being (PWB) was chosen as the theoretical object of study. Previously, scholars have shown evidence of an association between ESE and PWB (Bandura, 2010Bandura, A. (2010). Self-efficacy. The Corsini encyclopedia of psychology (pp. 1-3). John Wiley & Sons, Inc.; Liu et al., 2010Liu, J., Siu, O., & Shi, K. (2010). Transformational leadership and employee well‐being: The mediating role of trust in the leader and self‐efficacy. Applied Psychology, 59(3), 454-479. https://doi.org/10.1111/j.1464-0597.2009.00407.x
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; Singh et al., 2019Singh, S. K., Pradhan, R. K., Panigrahy, N. P., & Jena, L. K. (2019). Self-efficacy and workplace well-being: Moderating role of sustainability practices. Benchmarking: An International Journal, 26(6), 1692-1708. https://doi.org/10.1108/BIJ-07-2018-0219
https://doi.org/10.1108/BIJ-07-2018-0219...
), but few studies have been carried out with female entrepreneurs (Ryff, 2018Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.). Shir and Ryff (2022)Shir, N., & Ryff, C. D. (2022). Entrepreneurship, self-organization, and eudaimonic well-being: A dynamic approach. Entrepreneurship Theory and Practice, 46(6), 1658-1684. https://doi.org/10.1177/10422587211013798
https://doi.org/10.1177/1042258721101379...
point out that there is a need for additional studies to explain well-being in light of the dynamic nature of the entrepreneurial process. In addition, studies focusing on the relationship between ESE and PWB among female entrepreneurs are needed (Bianchi et al., 2016Bianchi, M., Parisi, V., & Salvatore, R. (2016). Female entrepreneurs: Motivations and constraints: An Italian regional study. International Journal of Gender Entrepreneurship, 8(3), 198-220. https://doi.org/10.1108/IJGE-08-2015-0029
https://doi.org/10.1108/IJGE-08-2015-002...
; Castellano et al., 2017Castellano, R., Musella, G., & Punzo, G. (2017). Structure of the labour market and wage inequality: Evidence from European countries. Quality & Quantity, 51(5), 2191-2218. https://doi.org/10.1007/s11135-016-0381-7
https://doi.org/10.1007/s11135-016-0381-...
) because they face different barriers to entrepreneurship, such as difficulty in balancing work and family due to having a greater degree of responsibility in domestic activities, less access and reach to the network and opportunities, less access to granting financing, and also, personal barriers to professional life coming from sociocultural beliefs (Adikaram & Razik, 2022Adikaram, A. S., & Razik, R. (2022). Femininity penalty: Challenges and barriers faced by STEM woman entrepreneurs in an emerging economy. Journal of Entrepreneurship in Emerging Economies, 15(5), 1113-1138. https://doi.org/10.1108/JEEE-07-2021-0278
https://doi.org/10.1108/JEEE-07-2021-027...
; Lemos et al., 2020Lemos, A. H. Da C., Barbosa, A. De O., & Monzato, P. P. (2020). Mulheres em home office durante a pandemia da Covid-19 e as configurações do conflito trabalho-família. RAE-Revista de Administração de Empresas, 60(6), 388-399. https://doi.org/10.1590/S0034-759020200603
https://doi.org/10.1590/S0034-7590202006...
; Naguib, 2022Naguib, R. (2022). Motivations and barriers to female entrepreneurship: Insights from Morocco. Journal of African Business, 25(1), 9-36. https://doi.org/10.1080/15228916.2022.2053400
https://doi.org/10.1080/15228916.2022.20...
; Ribes-Giner et al., 2018Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
; Wu et al., 2019Wu, J., Li, Y., & Zhang, D. (2019). Identifying women’s entrepreneurial barriers and empowering female entrepreneurship worldwide: A fuzzy-set QCA approach. International Entrepreneurship and Management Journal, 15, 905-928. https://doi.org/10.1007/s11365-019-00570-z
https://doi.org/10.1007/s11365-019-00570...
).

Therefore, the problem lies in knowing whether ESE is sufficient to produce well-being in order to mitigate such barriers (Ribes-Giner et al., 2018Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
). In addition, knowing this relationship in two contexts in which entrepreneurship because of necessity for women predominates (Puente et al., 2019Puente, R., Espitia, C. G. G., & Cervilla, M. A. (2019). Necessity entrepreneurship in Latin America: It´s not that simple. Entrepreneurship & Regional Development, 31(9/10), 953-983. https://doi.org/10.1080/08985626.2019.1650294
https://doi.org/10.1080/08985626.2019.16...
), an area with a recommendation for studies associated with well-being (Ryff, 2018Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
), may be even more promising because it uncovers necessary policies in this field.

Self-efficacy is the judgment of one’s ability to act (Rosique-Blasco et al., 2018Rosique-Blasco, M., Madrid-Guijarro, A., & García-Pérez-de-Lema, D. (2018). The effects of personal abilities and self-efficacy on entrepreneurial intentions. International Entrepreneurship and Management Journal, 14, 1025-1052. https://doi.org/10.1007/s11365-017-0469-0
https://doi.org/10.1007/s11365-017-0469-...
). As a sense of “personal agency” or “entrepreneurs’ agency,” self-efficacy influences the individual choice of activities and business performance (Bandura, 1994Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran, Encyclopedia of human behavior (pp. 71-81), Academic Press., 2001Bandura, A. (2001). Social cognitive theory: An agentic perspective. Annual Review of Psychology, 52(1), 1-26. https://doi.org/10.1146/annurev.psych.52.1.1
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; Zhao et al., 2005Zhao, H., Hills, G. E., & Seibert, S. E. (2005). The mediating role of self-efficacy in the development of entrepreneurial intentions. Journal of Applied Psychology, 90(6), 1265-1272. https://doi.org/10.1037/0021-9010.90.6.1265
https://doi.org/10.1037/0021-9010.90.6.1...
), influencing openness to entrepreneurial learning (Markowska & Wiklund, 2020Markowska, M., & Wiklund, J. (2020). Entrepreneurial learning under uncertainty: Exploring the role of self-efficacy and perceived complexity. Entrepreneurship & Regional Development, 32(7/8), 606-628. https://doi.org/10.1080/08985626.2020.1713222
https://doi.org/10.1080/08985626.2020.17...
). ESE serves as fuel for psychological well-being (PWB), specifically for female entrepreneurs (Ribes-Giner et al., 2018Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
). For female entrepreneurs (Mozahem, 2021Mozahem, N. A. (2021). Gender differences in entrepreneurial self-efficacy: An educational perspective. The International Journal of Management Education, 19(3), 1-8. https://doi.org/10.1016/j.ijme.2021.100535
https://doi.org/10.1016/j.ijme.2021.1005...
), self-efficacy contributes to greater work engagement (Newman et al., 2019Newman, A., Obschonkab, M., Schwarzc, S., Cohena, M., & Nielsena, I. (2019). Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research. Journal of Vocational Behavior, 110, 403-419. https://doi.org/10.1016/j.jvb.2018.05.012
https://doi.org/10.1016/j.jvb.2018.05.01...
) and business performance (Kazumi & Kawai, 2017Kazumi, T., & Kawai, N. (2017). Institutional support and women’s entrepreneurial self-efficacy. Asia Pacific Journal of Innovation and Entrepreneurship, 11(3), 345-365. https://doi.org/10.1108/APJIE-12-2017-041
https://doi.org/10.1108/APJIE-12-2017-04...
).

In turn, PWB consists of the full functioning of a person’s potential (Ryan & Deci, 2001Ryan, R. M., & Deci, E. L. (2001). On happiness and human potentials: A review of research on hedonic and eudaimonic well-being. Annual Review of Psychology, 52(1), 141-166. https://doi.org/10.1146/annurev.psych.52.1.141
https://doi.org/10.1146/annurev.psych.52...
), which influences the commitment and motivation of female entrepreneurs (Ribes-Giner et al., 2018Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
; Shir et al., 2019Shir, N., Nicolaev, B. N., & Wincent, J. (2019). Entrepreneurship and well-being: The role of psychological autonomy, competence, and relatedness. Journal of Business Venturing, 34(5), 1-17. https://doi.org/10.1016/j.jbusvent.2018.05.002
https://doi.org/10.1016/j.jbusvent.2018....
; Stephan, 2018Stephan, U. (2018). Entrepreneurs’ mental health and well-being: A review and research agenda. Academy of Management Perspectives, 32(3), 290-322. https://doi.org/10.5465/amp.2017.0001
https://doi.org/10.5465/amp.2017.0001...
; Wiklund et al., 2019Wiklund, J., Nikolaev, B., Shir, N., Foo, M., & Bradleu, S. (2019). Entrepreneurship and well-being: Past, present, and future. Journal of Business Venturing, 34(4), 579-588. https://doi.org/10.1016/j.jbusvent.2019.01.002
https://doi.org/10.1016/j.jbusvent.2019....
). Self-efficacy is related to female entrepreneurs’ beliefs in their abilities to perform tasks (Bandura, 1986Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice Hall., 2000Bandura, A. (2000). Exercise of human agency through collective efficacy. Current Directions in Psychological Science, 9(3), 75-78. https://doi.org/10.1111/1467-8721.00064
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; Bandura & Wood, 1989Bandura, A., & Wood, R. (1989). Social–cognitive theory of organizational management. Academy of Management Review, 14(3), 361-384. https://doi.org/10.5465/amr.1989.4279067
https://doi.org/10.5465/amr.1989.4279067...
; Stephan, 2018Stephan, U. (2018). Entrepreneurs’ mental health and well-being: A review and research agenda. Academy of Management Perspectives, 32(3), 290-322. https://doi.org/10.5465/amp.2017.0001
https://doi.org/10.5465/amp.2017.0001...
; Wiklund et al., 2019Wiklund, J., Nikolaev, B., Shir, N., Foo, M., & Bradleu, S. (2019). Entrepreneurship and well-being: Past, present, and future. Journal of Business Venturing, 34(4), 579-588. https://doi.org/10.1016/j.jbusvent.2019.01.002
https://doi.org/10.1016/j.jbusvent.2019....
) and well-being to their sense of developing individual potential (Ryan & Deci, 2001Ryan, R. M., & Deci, E. L. (2001). On happiness and human potentials: A review of research on hedonic and eudaimonic well-being. Annual Review of Psychology, 52(1), 141-166. https://doi.org/10.1146/annurev.psych.52.1.141
https://doi.org/10.1146/annurev.psych.52...
).

The description of the levels and relationship between these theoretical constructs in the two groups of female entrepreneurs may indicate that there is no homogeneity among women, and thus, elements related to national culture may be observed and confirmed (Bullough et al., 2022Bullough, A., Guelich, U., Manolova, T. S., & Schjoedt, L. (2022). Women’s entrepreneurship and culture: Gender role expectations and identities, societal culture, and the entrepreneurial environment. Small Business Economics, 58, 985-996. https://doi.org/10.1007/s11187-020-00429-6
https://doi.org/10.1007/s11187-020-00429...
; Naidu & Chand, 2017Naidu, S., & Chand, A. (2017). National culture, gender inequality and women’s success in micro, small and medium enterprises. Social Indicators Research, 130, 647-664. https://doi.org/10.1007/s11205-015-1203-3
https://doi.org/10.1007/s11205-015-1203-...
). Therefore, this research aimed to evaluate the differences and similarities between ESE and PWB in Brazilian and Argentinean female entrepreneurs. Thus, the constructs were first validated using multigroup confirmatory factor analysis. Second, significant differences were tested between the levels obtained in the standardized scores. Third, the constructs were correlated in each group and compared again to determine significant differences between the correlations.

The results revealed evidence of both differences and similarities. This indicates that female entrepreneurs are not homogeneous, reinforcing that culture influences gender roles and identities (Bullough et al., 2022Bullough, A., Guelich, U., Manolova, T. S., & Schjoedt, L. (2022). Women’s entrepreneurship and culture: Gender role expectations and identities, societal culture, and the entrepreneurial environment. Small Business Economics, 58, 985-996. https://doi.org/10.1007/s11187-020-00429-6
https://doi.org/10.1007/s11187-020-00429...
; Ladge et al., 2019Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
).

Contributions to the literature on female entrepreneurship are seen. The association of PWB with ESE showed that the constructs could broaden the understanding of motivation in entrepreneurial cognition (Shepherd & Patzelt, 2018Shepherd, D. A., & Patzelt, H. (2018). Motivation and entrepreneurial cognition. In Entrepreneurial cognition (pp. 51-103). Palgrave Macmillan, Cham.). Higher levels of self-efficacy, when combined with higher levels of entrepreneurial well-being, associate the effectiveness and persistence of female entrepreneurs (Bandura, 1977Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
, 1986Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice Hall.) with better levels of well-being, which in turn are associated with positive feelings and may produce higher levels of optimism and motivation.

This research shows that studying the relationship between ESE and PWB allows us to rethink the meaning of the term entrepreneurial success (Shir & Ryff, 2022Shir, N., & Ryff, C. D. (2022). Entrepreneurship, self-organization, and eudaimonic well-being: A dynamic approach. Entrepreneurship Theory and Practice, 46(6), 1658-1684. https://doi.org/10.1177/10422587211013798
https://doi.org/10.1177/1042258721101379...
) and also the performance of the entrepreneurial role by women in the two countries. It highlights the importance of considering these elements when formulating policies to promote and strengthen female entrepreneurship. It points to various elements that promote cooperation between female entrepreneurs in the two countries. Finally, the research contributes to the need for leaders in border regions to consider cultural differences, such as those observed in the day-to-day actions and negotiations in these territories.

THEORETICAL BACKGROUND

Entrepreneurship and psychological well-being

The definition of well-being presents two main perspectives: eudaimonic and hedonic (Hahn et al., 2012Hahn, V. C., Frese, M., Binnewies, C., & Schmitt, A. (2012). Happy and proactive? The role of hedonic and eudaimonic well-being in business owners’ personal initiative. Entrepreneurhsip Theory and Practice, 36(1), 97-114. https://doi.org/10.1111/j.1540-6520.2011.00490.x
https://doi.org/10.1111/j.1540-6520.2011...
; Ryan & Deci, 2001Ryan, R. M., & Deci, E. L. (2001). On happiness and human potentials: A review of research on hedonic and eudaimonic well-being. Annual Review of Psychology, 52(1), 141-166. https://doi.org/10.1146/annurev.psych.52.1.141
https://doi.org/10.1146/annurev.psych.52...
). The hedonic perspective focuses on subjective well-being, which consists of positive emotions and satisfaction with life, having more weight than negative emotions. This approach focuses on people’s evaluation of their lives, encompassing personal values, needs, beliefs, and expectations. The eudaimonic perspective focuses on personal fulfillment and development, self-realization, individuation, and self-determination. Hedonic well-being refers to happiness, in terms of obtaining pleasure; eudaimonic well-being evaluates self-realization and having a meaningful purpose in life (Ryan & Deci, 2001Ryan, R. M., & Deci, E. L. (2001). On happiness and human potentials: A review of research on hedonic and eudaimonic well-being. Annual Review of Psychology, 52(1), 141-166. https://doi.org/10.1146/annurev.psych.52.1.141
https://doi.org/10.1146/annurev.psych.52...
).

The eudaimonic approach to well-being attributes content to human nature, seeks to discover that content, and understands the conditions that enhance or reduce it (Deci & Ryan, 2008Deci, E. L., & Ryan, R. M. (2008). Hedonia, eudaimonia, and well-being: An introduction. Journal of Happiness Studies, 9(1), 1-11. https://doi.org/10.1007/s10902-006-9018-1
https://doi.org/10.1007/s10902-006-9018-...
). Moreover, it considers that well-being consists of more than just happiness (Deci & Ryan, 2008Deci, E. L., & Ryan, R. M. (2008). Hedonia, eudaimonia, and well-being: An introduction. Journal of Happiness Studies, 9(1), 1-11. https://doi.org/10.1007/s10902-006-9018-1
https://doi.org/10.1007/s10902-006-9018-...
). This perspective holds that well-being refers to realizing one’s true nature and promotes virtuous potential through a satisfying life (Deci & Ryan, 2008Deci, E. L., & Ryan, R. M. (2008). Hedonia, eudaimonia, and well-being: An introduction. Journal of Happiness Studies, 9(1), 1-11. https://doi.org/10.1007/s10902-006-9018-1
https://doi.org/10.1007/s10902-006-9018-...
). Waterman et al. (2008)Waterman, A. S., Schwartz, S. J., & Conti, R. (2008). The implications of two conceptions of happiness (hedonic enjoyment and eudaimonia) for the understanding of intrinsic motivation. Journal of Happiness Studies, 9(1), 41-79. https://doi.org/10.1007/s10902-006-9020-7
https://doi.org/10.1007/s10902-006-9020-...
point out that eudaimonic pleasure is associated with feelings when the individual moves toward self-realization, seeking the development of individual potential and promoting individual life purposes.

In defining the structure of PWB, Ryff (1989)Ryff, C. D. (1989). Beyond Ponce de Leon and life satisfaction: New directions in quest of successful ageing. International Journal of Behavorial Development, 12(1), 35-55. https://doi.org/10.1177/016502548901200102
https://doi.org/10.1177/0165025489012001...
and Ryff and Keyes (1995)Ryff, C. D., & Keyes, C. L. (1995). The structure of well-being revisited. Journal of Personality and Social Psychology, 69(4), 719-727. doi:10.1037//0022-3514.69.4.719
https://doi.org/10.1037//0022-3514.69.4....
suggested six dimensions of the construct: 1) self-acceptance: the ability to have a positive attitude toward oneself and accept multiple aspects of one’s personality and feel comfortable with one’s past; 2) positive relationship with others: having satisfactory and confident relationship with other people, ability to develop empathy, intimacy, and affection, understanding what the relationship between people is like; 3) autonomy: being able to resist social pressures, being self-determined and independent, as well as evaluating and analyzing one’s experiences according to personal criteria; 4) environmental mastery: having a sense of mastery and competence in managing the environment, controlling complex activities, being able to choose and create appropriate contexts to meet personal needs and values; 5) purpose in life: having goals and objectives in life and a sense of direction, holding beliefs and purposes, realizing that there is meaning in life; 6) personal growth: being open to new experiences, realizing one’s potential, seeking improvements in oneself and one’s behavior over time, realizing one’s growth and expansion. The dimensions of PWB cover life conditions, relationships, personal accomplishments, past experiences, and future expectations (Keyes & Ryff, 1998Keyes, C. L. M., & Ryff, C. D. (1998). Generativity in adult lives: Social structural contours and quality of life consequences. In D. P. McAdams & E. St. Aubin, Generativity and adult development: How and why we care for the next generation (pp. 227-263). American Psychological Association. https://doi.org/10.1037/10288-007
https://doi.org/10.1037/10288-007...
; Ryff & Keyes, 1995Ryff, C. D., & Keyes, C. L. (1995). The structure of well-being revisited. Journal of Personality and Social Psychology, 69(4), 719-727. doi:10.1037//0022-3514.69.4.719
https://doi.org/10.1037//0022-3514.69.4....
).

Female entrepreneurs’ well-being is the experience of satisfaction, positive affect, infrequent negative affect, and psychological functioning related to the development, initiation, growth, and management of an entrepreneurial venture (Wiklund et al., 2019Wiklund, J., Nikolaev, B., Shir, N., Foo, M., & Bradleu, S. (2019). Entrepreneurship and well-being: Past, present, and future. Journal of Business Venturing, 34(4), 579-588. https://doi.org/10.1016/j.jbusvent.2019.01.002
https://doi.org/10.1016/j.jbusvent.2019....
). According to this concept, well-being is relevant at all stages of the entrepreneurial process. It can influence action (Hahn et al., 2012Hahn, V. C., Frese, M., Binnewies, C., & Schmitt, A. (2012). Happy and proactive? The role of hedonic and eudaimonic well-being in business owners’ personal initiative. Entrepreneurhsip Theory and Practice, 36(1), 97-114. https://doi.org/10.1111/j.1540-6520.2011.00490.x
https://doi.org/10.1111/j.1540-6520.2011...
) and contribute to the long-term flourishing of some business ventures (Ryff, 2018Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
).

Ryff (2018)Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
highlighted the critical role of eudaimonic well-being at different stages of the entrepreneurial process. She considered that there are five main spaces for studies with eudaimonic approach in entrepreneurship: a) autonomy and eudaimonic well-being; b) entrepreneurship influenced by opportunity and need and eudaimonic well-being; c) eudaimonia throughout the process; d) entrepreneurs’ well-being and health; and e) entrepreneurs and the eudaimonia of others. Recently, Ryff (2023)Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer. addressed perspectives for future PWB studies and reinforced the need to examine the intersection of entrepreneurial studies with eudaimonic well-being. Ryff (2023)Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer. argues that conventional conceptions of entrepreneurial success focus on business profits. However, the entrepreneur’s PWB is another measure of success that raises issues of virtue, morality and ethics in the business world.

For Shir and Ryff (2022)Shir, N., & Ryff, C. D. (2022). Entrepreneurship, self-organization, and eudaimonic well-being: A dynamic approach. Entrepreneurship Theory and Practice, 46(6), 1658-1684. https://doi.org/10.1177/10422587211013798
https://doi.org/10.1177/1042258721101379...
, it is necessary to consider the dynamics of the entrepreneurial process when studying entrepreneurs’ well-being. Factors such as self-responsibility, attention to many factors, and commitment are probably critical to carrying out the entrepreneurial process. For the authors, entrepreneurs who are guided by a sense of vocation, aligned with the core meanings of eudaimonia, may be more likely to prevail and persist in the challenges ahead.

Entrepreneurship and self-efficacy

Self-efficacy is a personality trait that affects motivation to perform tasks or a degree of tolerance for facing adverse situations, including individual perception of risk (Bandura, 1977Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
). It also represents the belief in the personal ability to perform a task (Bandura, 2000Bandura, A. (2000). Exercise of human agency through collective efficacy. Current Directions in Psychological Science, 9(3), 75-78. https://doi.org/10.1111/1467-8721.00064
https://doi.org/10.1111/1467-8721.00064...
; Bandura & Wood, 1989Bandura, A., & Wood, R. (1989). Social–cognitive theory of organizational management. Academy of Management Review, 14(3), 361-384. https://doi.org/10.5465/amr.1989.4279067
https://doi.org/10.5465/amr.1989.4279067...
; Brown et al., 2001Brown, K. M., Thomas, D., & Kotecki, J. (2001). Physical activity and health: An interactive approach. Lehigh Press.).

Self-efficacy is one of the central concepts of the Social Cognitive Theory (SCT) proposed by Bandura (1977)Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
. It assumes that people are intentional, able to self-regulate their actions, and command themselves in the learning process, consciously seeking experiences that can promote their own goals (Bandura, 1986Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice Hall.). In this sense, individuals focus on contexts in which they believe they will succeed, and thus, self-efficacy influences evaluations and decisions (Bandura, 1977Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
). People with higher self-efficacy tend to be more persistent and work harder to accomplish a task. In addition, people with higher self-efficacy overcome security-threatening situations that might exert control over them. This may help reduce stress (Bandura, 1977Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
).

Entrepreneurial self-efficacy (ESE) is an application of Bandura’s concept of self-efficacy to the field of entrepreneurship. It refers to the confidence an individual has in performing the role of an entrepreneur and the tasks associated with it (Chen et al., 1998Chen, C. C., Greene, P. G., & Crick, A. (1998). Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Journal of Business Venturing, 13, 295-316. https://doi.org/10.1016/S0883-9026(97)00029-3
https://doi.org/10.1016/S0883-9026(97)00...
). For female entrepreneurs, self-efficacy is as important as self-esteem and self-confidence (Bandura, 1993Bandura, A. (1993). Perceived self-efficacy in cognitive development and functioning. Educational Phychologist, 28(2), 117-148. https://doi.org/10.1207/s15326985ep2802_3
https://doi.org/10.1207/s15326985ep2802_...
). Self-efficacy plays an important role in the self-regulation of the entrepreneur’s motivation (Bandura, 1994Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran, Encyclopedia of human behavior (pp. 71-81), Academic Press.; Salanova et al., 2001Salanova, M., Grau, R., & Llorens, S. (2001). Exposición a las tecnologias de lainformación, burnout y engagement: El rol modulador de la autoeficacia professional. Revista de Psicología Social Aplicada, 11(1), 69-90.), the entrepreneur’s persistence and the ability to cope with uncertainty and failure (Bandura, 2000Bandura, A. (2000). Exercise of human agency through collective efficacy. Current Directions in Psychological Science, 9(3), 75-78. https://doi.org/10.1111/1467-8721.00064
https://doi.org/10.1111/1467-8721.00064...
; Salanova et al., 2001Salanova, M., Grau, R., & Llorens, S. (2001). Exposición a las tecnologias de lainformación, burnout y engagement: El rol modulador de la autoeficacia professional. Revista de Psicología Social Aplicada, 11(1), 69-90.), as well as in the creative and innovative capacity (Law & Breznik, 2017Law, K. M. Y., & Breznik, K. (2017). Impacts of innovativeness and attitude on entrepreneurial intention: Among engineering and non-engineering students. International Journal of Technology and Design Education, 27(4), 683-700. https://doi.org/10.1007/s10798-016-9373-0
https://doi.org/10.1007/s10798-016-9373-...
). Even before venture creation, self-efficacy influences entrepreneurial intentions (Tiwari et al., 2017Tiwari, P., Bhat, A. K., & Tikoria, J. (2017). The role of emotional intelligence and self-efficacy on social entrepreneurial attitudes and social entrepreneurial intentions. Journal of Social Entrepreneurship, 8(2), 165-185. https://doi.org/10.1080/19420676.2017.1371628
https://doi.org/10.1080/19420676.2017.13...
; Zhao et al., 2005Zhao, H., Hills, G. E., & Seibert, S. E. (2005). The mediating role of self-efficacy in the development of entrepreneurial intentions. Journal of Applied Psychology, 90(6), 1265-1272. https://doi.org/10.1037/0021-9010.90.6.1265
https://doi.org/10.1037/0021-9010.90.6.1...
). ESE explains the belief that female entrepreneurs have in their ability to perform work or create new ventures (Sánchez et al., 2011Sánchez, J. C., Carballo, T. & Gutiérrez, A. (2011). The entrepreneur from a cognitive approach. Psicothema, 23(3), 433-438.). In addition, ESE moderates the relationship between perceived uncertainty and opportunity identification (Markowska & Wiklund, 2020Markowska, M., & Wiklund, J. (2020). Entrepreneurial learning under uncertainty: Exploring the role of self-efficacy and perceived complexity. Entrepreneurship & Regional Development, 32(7/8), 606-628. https://doi.org/10.1080/08985626.2020.1713222
https://doi.org/10.1080/08985626.2020.17...
; Schmidtt et al., 2018), influencing the identification and exploitation of opportunities.

Noble et al. (1999)Noble, A. F. De, Jung, D., & Ehrlich, S. B. (1999). Entrepreneurial self-efficacy: The development of a measure and its relationship to entrepreneurial action. In Frontiers for entrepreneurship research (pp. 73-78). P&R Publication Inc. suggested six dimensions to measure ESE: 1) development of new products and market opportunities: the skill sets that allow for the recognition of opportunities – personal belief in the creative ability to find market opportunities to develop new products and services, adapting to change; 2) building an innovative environment: a personal belief in the ability to create a risky environment that favors innovation; 3) initiating relationships with investors: the ability of female entrepreneurs to use their networks, seeking to attract new resources that will assist in the creation of their business; 4) defining the core objective of the business: dimension that explains that the more the individual focuses on a goal, the greater their motivation for the venture; 5) dealing with unexpected changes: ability to work under uncertainty, be tolerant to problems and adapt to changes; 6) developing key human resources: represents the belief in the ability to attract and retain talent for the company.

Self-efficacy, well-being, and female entrepreneursThe growth of companies created by women is the focus of research, especially when the companies are created out of necessity, such as in the countries where this research was carried out. One predictor of the growth of female entrepreneurs’ businesses is self-efficacy (Ladge et al., 2019Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
). According to these authors, self-efficacy contributes to women feeling more confident in strategizing and pursuing growth.

In addition, Ladge et al. (2019)Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
point out that social identity affects the self-efficacy of female entrepreneurs, and thus, social norms associated with gender influence the self-efficacy of female entrepreneurs. This may explain variations between the levels of ESE in female entrepreneurs from different countries (Minniti, 2009Minniti, M. (2009). Gender issues in entrepreneurship. Foundations and Trends in Entrepreneurship, 5(7/8), 497-621. https://doi.org/10.1561/0300000021
https://doi.org/10.1561/0300000021...
; Newman et al., 2019Newman, A., Obschonkab, M., Schwarzc, S., Cohena, M., & Nielsena, I. (2019). Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research. Journal of Vocational Behavior, 110, 403-419. https://doi.org/10.1016/j.jvb.2018.05.012
https://doi.org/10.1016/j.jvb.2018.05.01...
). At the same time, this relationship between ESE and culture suggests the possibility of variations in the self-efficacy of Brazilian and Argentinean female entrepreneurs.

Considering that self-efficacy influences well-being (Ribes-Giner et al., 2018Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
; Sánchez et al., 2011Sánchez, J. C., Carballo, T. & Gutiérrez, A. (2011). The entrepreneur from a cognitive approach. Psicothema, 23(3), 433-438.), this relationship may occur in the case of female entrepreneurs. If this is the case, well-being may provide female entrepreneurs with a satisfying experience with positive effects related to the entrepreneurial role at all stages of entrepreneurship (Wiklund et al., 2019Wiklund, J., Nikolaev, B., Shir, N., Foo, M., & Bradleu, S. (2019). Entrepreneurship and well-being: Past, present, and future. Journal of Business Venturing, 34(4), 579-588. https://doi.org/10.1016/j.jbusvent.2019.01.002
https://doi.org/10.1016/j.jbusvent.2019....
). Assuming the association between self-efficacy and well-being (Bandura, 2010Bandura, A. (2010). Self-efficacy. The Corsini encyclopedia of psychology (pp. 1-3). John Wiley & Sons, Inc.; Liu et al., 2010Liu, J., Siu, O., & Shi, K. (2010). Transformational leadership and employee well‐being: The mediating role of trust in the leader and self‐efficacy. Applied Psychology, 59(3), 454-479. https://doi.org/10.1111/j.1464-0597.2009.00407.x
https://doi.org/10.1111/j.1464-0597.2009...
; Singh et al., 2019Singh, S. K., Pradhan, R. K., Panigrahy, N. P., & Jena, L. K. (2019). Self-efficacy and workplace well-being: Moderating role of sustainability practices. Benchmarking: An International Journal, 26(6), 1692-1708. https://doi.org/10.1108/BIJ-07-2018-0219
https://doi.org/10.1108/BIJ-07-2018-0219...
), there may be similarities in this relationship when evaluating the context of different countries. In order to clarify possible similarities or differences in the relationship between ESE and PWB, an exploratory study was carried out, as explained below.

METHODOLOGY

Research design and data collection

This study is a quantitative, descriptive, and cross-sectional research based on a non-probabilisticconvenience sample. Access to the participants occurred during a program developed by two universities - one Brazilian and one Argentinean.

Data collection occurred from September to November 2019. Three strategies were adopted in this stage. Participants were contacted during the meetings of the program held in the two universities. Those who accepted to participate were given access to the instruments (online or during the meeting). Participants were contacted via membership associations (researchers asked associations to send the invitation and the instruments to their members online to collect the contributions of those who accepted to participate). Furthermore, the researchers sent the invitation and instruments online to female entrepreneurs with whom they have a relationship. A total of 404 female entrepreneurs participated in the survey. The sociodemographic characteristics surveyed, in addition to nationality, were age, city of residence, and level of education matched by the equivalence table defined by the Brazilian Government (Decreto no 6.729, 2009Decreto nº 6.729, de 12 de janeiro de 2009. (2009). Promulga o Protocolo de Integração Educativa e Reconhecimento de Certificados e Estudos de Nível Fundamental e Médio Não Técnico entre os Estados Partes do Mercosul, Bolívia e Chile, assinado em Brasília, em 5 de dezembro de 2002. Presidência da República. http://www.planalto.gov.br/ccivil_03/_Ato2007-2010/2009/Decreto/D6729.htm
http://www.planalto.gov.br/ccivil_03/_At...
).

As instruments to assess the theoretical constructs of the study, first, the entrepreneurial self-efficacy (ESE) scale (Noble et al., 1999Noble, A. F. De, Jung, D., & Ehrlich, S. B. (1999). Entrepreneurial self-efficacy: The development of a measure and its relationship to entrepreneurial action. In Frontiers for entrepreneurship research (pp. 73-78). P&R Publication Inc.) was applied. The version employed consists of twenty-three items on a seven-point Likert scale from “totally unable” (1) to “totally able” (7). The dimensions are 1) product development and market opportunities (PO); 2) building an innovative environment (EN); 3) defining the main business objective (BO); 4) developing key human resources for the company (HR); 5) establishing potential investors relationship (IR), and 6) being able to handle unforeseen changes (UC). This instrument has been validated in previous studies in Spain by Moriano et al. (2006)Moriano, J. A., Palací, F. J., & Morales, J. F. (2006). Adaptación y validación en España de la escala de autoeficacia empreendedora. Revista de Psicología Social, 21(1), 51-64. https://doi.org/10.1174/021347406775322223
https://doi.org/10.1174/0213474067753222...
, in Argentina by Mayoral and Ferrer (2014)Mayoral, L. A., & Ferrer, C. M. S. (2014). Empreendedorismo tecnológico y género en la Argentina: Factores determinantes en la percepción de autoeficacia emprendedora. Revista Facultad de Ciencias Económicas, 22(2), 97-108. https://doi.org/10.18359/rfce.628
https://doi.org/10.18359/rfce.628...
, and in Brazil by Camozzato et al. (2017)Camozzato, E. S., Verdinelli, M. A., Lizote, S. A., & Serafim, F. K. (2017). Orientação empreendedora, autoeficácia dos gestores e satisfação com o desempenho: Um estudo em empresas incubadas. Revista de Ciências da Administração, 19(48), 68-83. https://doi.org/10.5007/2175-8077.2017v19n48p68
https://doi.org/10.5007/2175-8077.2017v1...
.

Second, the psychological well-being scale (Ryff & Keyes, 1995Ryff, C. D., & Keyes, C. L. (1995). The structure of well-being revisited. Journal of Personality and Social Psychology, 69(4), 719-727. doi:10.1037//0022-3514.69.4.719
https://doi.org/10.1037//0022-3514.69.4....
) was applied. This instrument is validated in Brazil by Machado et al. (2013)Machado, W. L., Bandeira, D. R., & Pawlowski, J. (2013). Validação da Psychological Well-being Scale em uma amostra de estudantes universitários. Avaliação Psicológica, 12(2), 263-272. http://pepsic.bvsalud.org/scielo.php?script=sci_arttext&pid=S1677-04712013000200017
http://pepsic.bvsalud.org/scielo.php?scr...
and in Argentina by Rodriguez et al. (2012)Rodriguez, M., Sebastianelli, M. S., & Quiroga. E. G. (2012). Propiedades psicometricas de la Escala de Bienestar Psicologico de Ryff en docentes argentinos. Artigo apresentado no IV Congreso Internacional de Investigación y Práctica Profesional en Psicología XIX Jornadas de Investigación VIII Encuentro de Investigadores en Psicología del MERCOSUR, Buenos Aires, Argentina.. This instrument used a six-point Likert format, from “strongly disagree” (1) to “strongly agree” (6). The even number of options adopted for this scale results from the need to assess either positive or negative affect, and a median response is not possible. The instrument’s correction followed the protocol defined by the authors, which resulted in six dimensions for its evaluation: 1) positive relationship (PR); 2) autonomy (AU); 3) environmental mastery (EM); 4) personal growth (PG); 5) purpose in life (PL), and 6) self-acceptance (SA). Once data collection was completed, the database was transcribed, and the data analysis step began.

Data analysis

With data collection completed, Harman’s single factor test (Kimura, 2015Kimura, H. (2015). Editorial. Revista de Administração Contemporânea, 19(3), 1-1. https://doi.org/10/gm4w42
https://doi.org/10/gm4w42...
) checked the basis quality by controlling for common method bias, and the result showed a 24.23% cumulative variance. Cronbach’s (1951)Cronbach, L. J. (1951). Coefficient alpha and the internal structure of tests. Psychometrika, 16(3), 297-334. https://doi.org/10/cc5
https://doi.org/10/cc5...
alpha test assessed reliability and showed a result of α=0.94 for the ESE scale and α=0.86 for the PWB scale. McDonald’s (1970)McDonald, R. P. (1970). The theoretical foundations of principal factor analysis, canonical factor analysis, and alpha factor analysis. British Journal of Mathematical & Statistical Psychology, 23, 1-21. http://dx.doi.org/10.1111/j.2044-8317.1970.tb00432.x
http://dx.doi.org/10.1111/j.2044-8317.19...
omega test checked the composite reliability, and the result for ESE scale was ω=0.95 and for PWB scale was ω=0.90. Multivariately, Mardia’s (1970)Mardia, K. V. (1970). Measures of multivariate skewness and kurtosis with applications. Biometrika, 57(3), 519-530. https://doi.org/10.1093/biomet/57.3.519
https://doi.org/10.1093/biomet/57.3.519...
test was implemented, and univariately, the Shapiro-Wilk test (Razali & Wah, 2011Razali, N. M., & Wah, Y. B. (2011). Power comparisons of Shapiro-Wilk, Kolmogorov-Smirnov, Lilliefors and Anderson-Darling tests. Journal of Statistical Modeling and Analytics, 2(1), 21-33.), which verified the non-normality of the distributions (p < 0.05).

The instruments were validated by multigroup confirmatory factor analysis (MGCFA) (Bialosiewicz et al., 2013Bialosiewicz, S., Murphy, K., & Berry, T. (2013). An introduction to measurement invariance testing: Resource packet for participants. Demonstration Session – American Evaluation Association, 37. http://comm.eval.org/HigherLogic/System/DownloadDocumentFile.ashx?DocumentFileKey=63758fed-a490-43f2-8862-2de0217a08b8
http://comm.eval.org/HigherLogic/System/...
; Milfont & Fischer, 2010Milfont, T. L., & Fischer, R. (2010). Testing measurement invariance across groups: Applications in cross-cultural research. International Journal of Psychological Research, 3(1), 111-130. https://doi.org/10.21500/20112084.857
https://doi.org/10.21500/20112084.857...
). Due to the non-normality of the distributions, robust confirmatory factor analysis (Li, 2016Li, C.-H. (2016). Confirmatory factor analysis with ordinal data: Comparing robust maximum likelihood and diagonally weighted least squares. Behavior Research Methods, 48(3), 936–949. https://doi.org/10.3758/s13428-015-0619-7
https://doi.org/10.3758/s13428-015-0619-...
) was used with the estimates extracted by the MLM method with Satorra-Bentler’s scale correction. The following indicators inspected the adjustment of the model: root mean square error of approximation (RMSEA) (Steiger, 1990Steiger, J. H. (1990). Structural model evaluation and modification: An interval estimation approach. Multivariate Behavioral Research, 25(2), 173-180. https://doi.org/10.1207/s15327906mbr2502_4
https://doi.org/10.1207/s15327906mbr2502...
) index and confidence interval at 90%, standardized residual mean square root (SRMR) (Pavlov et al., 2021Pavlov, G., Maydeu-Olivares, A., & Shi, D. (2021). Using the Standardized Root Mean Squared Residual (SRMR) to assess exact fit in structural equation models. Educational and Psychological Measurement, 81(1), 110-130. https://doi.org/10.1177/0013164420926231
https://doi.org/10.1177/0013164420926231...
), comparative adjustment index (CFI), Tucker-Lewis index (TLI), and chi-square (x2) with their degrees of freedom and significance level (p). The description of the adjusted model used the factor covariance (ϕ) of the dimensions, the factor loadings (λ) and the residual covariance (δ) of the items. The post hoc threshold value of 0.10 (Shi et al., 2018Shi, D., Maydeu-Olivares, A., & DiStefano, C. (2018). The relationship between the standardized root mean square residual and model misspecification in factor analysis models. Multivariate Behavioral Research, 53(5), 676-694. https://doi.org/10.1080/00273171.2018.1476221
https://doi.org/10.1080/00273171.2018.14...
) demonstrated the correlation matrix among the observed residuals. To check for configuration, metric, and scalar invariance across nationalities, the ∆SRMR, ∆RMSEA, and ∆CFI indicators were observed (Chen, 2007Chen, F. F. (2007). Sensitivity of goodness of fit indexes to lack of measurement invariance. Structural Equation Modeling: A Multidisciplinary Journal, 14(3), 464-504. https://doi.org/10.1080/10705510701301834
https://doi.org/10.1080/1070551070130183...
; Putnick & Borsntein, 2016Putnick, D. L., & Bornstein, M. H. (2016). Measurement invariance conventions and reporting: The state of the art and future directions for psychological research. Developmental Review, 41, 71-90. https://doi.org/10.1016/j.dr.2016.06.004
https://doi.org/10.1016/j.dr.2016.06.004...
).

Comparisons were performed with the standardized scores. First, the Mann-Whitney U-test (McKnight & Najab, 2010McKnight, P. E., & Najab, J. (2010). Mann‐Whitney U Test. In I. B. Weiner & W. E. Craighead (Orgs.), The Corsini encyclopedia of psychology (p. 1). Wiley. https://doi.org/10.1002/9780470479216.corpsy0524
https://doi.org/10.1002/9780470479216.co...
) compared the female entrepreneurs in both nations of the latent variables that represented the dimensions of the constructs. Second, the correlations between the dimensions of both constructs were compared. After composing the results matrix through Spearman’s rho (ρ) test (Clef, 2013Clef, T. (2013). Exploratory data analysis in business and economics: An introduction using SPSS, Stata, and Excel. Springer Science and Business Media.), when the coefficients for both nationalities proved significant, Fischer’s r-to-z transformation test (Colman, 2009Colman, A. M. (2009). A dictionary of psychology (3rd ed.). Oxford University Press.) verified the difference between the correlation strengths.

The significance level adopted in all tests was 0.05. The R language (R Core Team, 2022R Core Team. (2022). R: A language and environment for statistical computing. R Foundation for Statistical Computing, Vienna, Austria. https://www.R-project.org/
https://www.R-project.org/...
) with the aid of RStudio (Posit Team, 2022Posit Team. (2022). RStudio: Integrated development environment for R. Posit Software. PBC, Boston, MA. http://www.posit.co/
http://www.posit.co/...
), jamovi (The Jamovi Project, 2022The Jamovi Project. (2022). Jamovi (Version 2.3) [Computer software]. https://www.jamovi.org
https://www.jamovi.org...
), lavaan (Rosseel, 2012Rosseel, Y. (2012). Lavaan: An R Package for Structural Equation Modeling. Journal of Statistical Software, 48(2), 1-36. https://doi.org/10.18637/jss.v048.i02
https://doi.org/10.18637/jss.v048.i02...
), MVN (Korkmaz et al., 2014Korkmaz, S., Goksuluk, D., & Zararsiz, G. (2014). MVN: An R Package for assessing multivariate normality. The R Journal, 6(2), 151-162.), and psych (Revelle, 2022Revelle, W. (2022). Psych: Procedures for personality and psychological research. Northwestern University, Evanston, Illinois, USA. https://CRAN.R-project.org/package=psychVersion=2.2.9
https://CRAN.R-project.org/package=psych...
) software performed the calculation procedures.

RESULTS

The sample comprised 404 Brazilian (n=252) and Argentinean (n=152) female entrepreneurs. They had a mean age of 35.59 years (md=34.25, dp=10.14, min=17.87, max=77.39) and came from 37 different cities in both countries. Regarding education, 1 (0.25%) Brazilian and 6 (1.49%) Argentineans declared having completed elementary school; 16 (4%) Brazilians and 36 (9%) Argentineans had completed high school; 81 (20%) Brazilian and 102 (25%) Argentineans were at the undergraduate level; and 153 (38%) Brazilians and 8 (2%) Argentineans were at the graduate level.

Figure 1 shows the result of the validation of the SES construct in both nations (Brazil/Argentina). The indicators of the quality of adjustment of the model found by the robust MGCFA showed values of RMSEA=0.045 (CI90%: 0.030-0.057), SRMR=0.039, CFI=0.968, TLI=0.953, x2bra =72.788, x2arg =101.108 (df=124, p=0.002, SB=1.375). The correlation matrix among observed residuals used as post hoc showed values < 0.10. MGCFA showed configuration, metric and scalar invariance (ΔSRMR=-0.009/-0.002, ΔRMSEA=0.000/-0.005, ΔCFI=0.001/0.009).

Figure 1
Validation of Entrepreneurial Self-efficacy

The result of the validation of the PWB construct in both nations (Brazil/Argentina) is presented in Figure 2. The quality of adjustment of the model found by MGCFA showed values of RMSEA=0.046 (CI90%: 0.022-0.065), SRMR=0.043, CFI=0.966, TLI=0.948, x2bra =64.456, x2arg =72.226 (df =102, p=0.012, stc=1.263). The correlation matrix between observed residuals used post hoc also resulted in values < 0.10. MGCFA pointed out configuration, metric, and scalar invariance (ΔSRMR=-0.004/-0.002, ΔRMSEA=0.005/-0.006, ΔCFI=0.005/0.012).

Figure 2
Validation of Psychological Well-being

With the positive validation of the instruments in both groups, the outcomes were first analyzed using a comparison of the medians of the standardized scores obtained in the MGCFA. Argentinean women show significantly higher values than Brazilian women in all ESE dimensions and in PWB dimensions of positive relationship and autonomy. Moreover, similarities were found in the dimensions of environmental mastery, personal growth, purpose in life, and self-acceptance of the PWB construct. Table 1 presents the outcomes of this first comparison.

Table 1
Comparison of the Constructs’ Dimensions

The second comparison was made between the ESE-PWB correlations obtained for Brazilian and Argentinean women. Three types of evidence were found. The first piece of evidence evidence pointed out the difference between the correlations of Brazilian and Argentinean women simply because one group was unable to show significant correlations (Difa). The second piece of evidence statistically verified the significant difference in the strength of the correlation of both nationalities when they showed a significant correlation (Difb). The third piece of evidence showed similarity when there was no significant difference between the strength of two significant correlations between the nationalities (Simc). Table 2 presents the outcomes of the second comparison.

Table 2
Comparison Between Correlations of the Constructs’ Dimensions

The correlations of BPR and BAU with all dimensions of self-efficacy show a difference because the correlation is significant in Argentinean women, and in Brazilian women, it is not (Difa). Argentinean women showed higher correlation strength than Brazilian women in the correlation pairs between BEM and BPG with all self-efficacy dimensions (Difb). In the same sense, in BPL, greater strength was found in Argentinean women in correlation with the dimensions APO, ABO, AHR, AIR, and AUC (Difb). Also, BSA showed higher strength in Argentinean women with the ABO and AHR dimensions (Difb). Finally, a similarity was found between the results of Brazilian and Argentinean women, as there was no significant difference between the correlations in the pairs BPL-AEN, BSA-APO, BSA-AEN, BSA-AIR and BSA-AUC (Simc).

DISCUSSION

In the comparison between medians regarding ESE in all dimensions, Argentinean female entrepreneurs showed a higher perception than Brazilian female entrepreneurs with a significant difference. Compared to Brazilian women, Argentinean women showed a greater sense of ability to act (Rosique-Blasco et al., 2018Rosique-Blasco, M., Madrid-Guijarro, A., & García-Pérez-de-Lema, D. (2018). The effects of personal abilities and self-efficacy on entrepreneurial intentions. International Entrepreneurship and Management Journal, 14, 1025-1052. https://doi.org/10.1007/s11365-017-0469-0
https://doi.org/10.1007/s11365-017-0469-...
), achieve goals (Bandura, 1994Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran, Encyclopedia of human behavior (pp. 71-81), Academic Press., 2001Bandura, A. (2001). Social cognitive theory: An agentic perspective. Annual Review of Psychology, 52(1), 1-26. https://doi.org/10.1146/annurev.psych.52.1.1
https://doi.org/10.1146/annurev.psych.52...
), and engage (Newman et al., 2019Newman, A., Obschonkab, M., Schwarzc, S., Cohena, M., & Nielsena, I. (2019). Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research. Journal of Vocational Behavior, 110, 403-419. https://doi.org/10.1016/j.jvb.2018.05.012
https://doi.org/10.1016/j.jvb.2018.05.01...
).

This result corroborates the findings of Ladge et al. (2019)Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
, Minniti (2009)Minniti, M. (2009). Gender issues in entrepreneurship. Foundations and Trends in Entrepreneurship, 5(7/8), 497-621. https://doi.org/10.1561/0300000021
https://doi.org/10.1561/0300000021...
, and Newman et al. (2019)Newman, A., Obschonkab, M., Schwarzc, S., Cohena, M., & Nielsena, I. (2019). Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research. Journal of Vocational Behavior, 110, 403-419. https://doi.org/10.1016/j.jvb.2018.05.012
https://doi.org/10.1016/j.jvb.2018.05.01...
, who identified variations in the self-efficacy of female entrepreneurs. Self-efficacy plays a crucial role in the self-regulation of entrepreneur motivation and persistence (Bandura, 1994Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran, Encyclopedia of human behavior (pp. 71-81), Academic Press., 2000Bandura, A. (2000). Exercise of human agency through collective efficacy. Current Directions in Psychological Science, 9(3), 75-78. https://doi.org/10.1111/1467-8721.00064
https://doi.org/10.1111/1467-8721.00064...
; Salanova et al., 2001Salanova, M., Grau, R., & Llorens, S. (2001). Exposición a las tecnologias de lainformación, burnout y engagement: El rol modulador de la autoeficacia professional. Revista de Psicología Social Aplicada, 11(1), 69-90.), creative and innovative ability (Law & Breznik, 2017Law, K. M. Y., & Breznik, K. (2017). Impacts of innovativeness and attitude on entrepreneurial intention: Among engineering and non-engineering students. International Journal of Technology and Design Education, 27(4), 683-700. https://doi.org/10.1007/s10798-016-9373-0
https://doi.org/10.1007/s10798-016-9373-...
), self-confidence, ease of networking, and risk tolerance (Wu et al., 2019Wu, J., Li, Y., & Zhang, D. (2019). Identifying women’s entrepreneurial barriers and empowering female entrepreneurship worldwide: A fuzzy-set QCA approach. International Entrepreneurship and Management Journal, 15, 905-928. https://doi.org/10.1007/s11365-019-00570-z
https://doi.org/10.1007/s11365-019-00570...
). In this research, ESE showed variations between female entrepreneurs in two different cultures, reinforcing the premise that social identity affects the self-efficacy of female entrepreneurs and social norms associated with gender influence ESE, as found by Ladge et al. (2019)Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
. At the same time, this result points to the need for Brazil to pay attention to gender and ESE issues in the context of ’female entrepreneurship since gender barriers can reduce the ESE of female entrepreneurs (Mozahem, 2021Mozahem, N. A. (2021). Gender differences in entrepreneurial self-efficacy: An educational perspective. The International Journal of Management Education, 19(3), 1-8. https://doi.org/10.1016/j.ijme.2021.100535
https://doi.org/10.1016/j.ijme.2021.1005...
). It is worth remembering that Argentina implemented gender policies earlier than Brazil (Schwether & Pagliari, 2018Schwether, N. D., & Pagliari, G. C. (2018) Políticas de gênero para a Defesa: Os casos de Argentina e Brasil. Revista de Sociologia e Política, 26(65), 1-14. https://doi.org/10.1590/1678-987317266501
https://doi.org/10.1590/1678-98731726650...
), and that female entrepreneurs are more valued in Argentine culture than in Brazilian culture (Bosma & Kelley, 2019Bosma, N., & Kelley, D. (2019). Global Entrepreneurship Monitor 2018/2019. Global report. Andes, Chile.).

In the comparison between medians regarding PWB, the positive relationship dimension showed similar values between both cultures. However, it presented different dispersions with a lower mean for Brazilians than Argentineans. The positive relationship refers to the ability to understand and establish satisfactory and trusting relationships and develop empathy, intimacy, and affection (Ryff, 1989Ryff, C. D. (1989). Beyond Ponce de Leon and life satisfaction: New directions in quest of successful ageing. International Journal of Behavorial Development, 12(1), 35-55. https://doi.org/10.1177/016502548901200102
https://doi.org/10.1177/0165025489012001...
; Ryff & Keyes, 1995Ryff, C. D., & Keyes, C. L. (1995). The structure of well-being revisited. Journal of Personality and Social Psychology, 69(4), 719-727. doi:10.1037//0022-3514.69.4.719
https://doi.org/10.1037//0022-3514.69.4....
). This factor is essential for establishing and advancing negotiations. Positive relationship skills may contribute to bilateral agreements (Carneiro, 2019Carneiro, C. P., Filho. (2019). La cooperación transfronteriza en las ciudades gemelas de la Frontera Sur de Brasil. Aldea Mundo, 24(47), 39-50. https://www.redalyc.org/jatsRepo/543/54364072012/html/index.html
https://www.redalyc.org/jatsRepo/543/543...
) and joint searches for solutions in border regions (Desiderá & Penha, 2016Desiderá, W. A., Neto, & Penha, B. (2016). As regiões de fronteira como laboratório da integração regional no Mercosul. Boletim de Economia e Política Internacional, 22, 33-50. https://repositorio.ipea.gov.br/handle/11058/6733
https://repositorio.ipea.gov.br/handle/1...
), especially those poorly integrated into the center of development dynamics (Barros & Samurio, 2019Barros, P. S., & Samurio, S. E. (2019). A institucionalidade da integração fronteiriça na Unasul e no Mercosul. Boletim de Economia e Política Internacional, 25, 35-43. http://repositorio.ipea.gov.br/bitstream/11058/9800/1/BEPI_n25_Institucionalidade.pdf
http://repositorio.ipea.gov.br/bitstream...
), just like the regions that were the subject of this study.In the autonomy dimension, there is also a significant difference pointing to a higher median for Argentinean women. Autonomy emphasizes that “a person is self-determined and independent, as well as able to evaluate him or herself by personal standards and, if necessary, resist social pressures to think or act in certain ways” (Ryff, 2018, p. 4Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
). Argentinean female entrepreneurs show greater levels of autonomy and as such are inserted in an environment that provides better links between the individuals and their living conditions, their relationships, personal achievements, and the relationship between the past and expectations for the future (Keyes & Ryff, 1998Keyes, C. L. M., & Ryff, C. D. (1998). Generativity in adult lives: Social structural contours and quality of life consequences. In D. P. McAdams & E. St. Aubin, Generativity and adult development: How and why we care for the next generation (pp. 227-263). American Psychological Association. https://doi.org/10.1037/10288-007
https://doi.org/10.1037/10288-007...
; Ryff & Keyes, 1995Ryff, C. D., & Keyes, C. L. (1995). The structure of well-being revisited. Journal of Personality and Social Psychology, 69(4), 719-727. doi:10.1037//0022-3514.69.4.719
https://doi.org/10.1037//0022-3514.69.4....
). It is possible that the lower level of autonomy of Brazilian female entrepreneurs is associated with the increased disttance from power in Brazilian society compared to Argentinean culture (Hofstede, 2015Hofstede, G. J. (2015). Dimension data matrix. https://geerthofstede.com/research-and-vsm/dimension-data-matrix/
https://geerthofstede.com/research-and-v...
).

On the other hand, in the areas of “environmental mastery,” “personal growth,” “purpose in life,” and “self-acceptance,” the results showed no significant difference in the group. In other words, they proved to be similar. Similar characteristics have the potential to promote identification and, therefore, rapprochement. These aspects are forces to promote the rapprochement between the groups of both nations and, therefore, may generate integration (Barros & Samurio, 2019Barros, P. S., & Samurio, S. E. (2019). A institucionalidade da integração fronteiriça na Unasul e no Mercosul. Boletim de Economia e Política Internacional, 25, 35-43. http://repositorio.ipea.gov.br/bitstream/11058/9800/1/BEPI_n25_Institucionalidade.pdf
http://repositorio.ipea.gov.br/bitstream...
), cooperation and development (Pessoa & Souza, 2021Pessoa, L. O., & Souza, L. E. S. de. (2021). A integração fronteiriça no Mercosul: Histórico, balanço e perspectivas nos 30 anos do bloco. Brazilian Journal of International Relations, 10(1), 222-252. https://doi.org/10.36311/2237-7743.2021.v10n1.p222-252
https://doi.org/10.36311/2237-7743.2021....
), and contribute to overcoming difficulties in the entrepreneurial role (Lopes et al., 2023Lopes, I. R. M., Faria, L. C. C., & Gonçalves, J. R. (2023). Mercosul: Problemas estruturais e o dilema da classificação frente aos modelos de bloco econômico. Revista JRG de Estudos Acadêmicos, 6(12), 199-215. https://doi.org/10.5281/zenodo.7692527
https://doi.org/10.5281/zenodo.7692527...
).

Among the differences between both groups, the correlations between positive relationship and autonomy with all dimensions of ESE show a difference, given that for the Argentinean women, the correlation is significant, and for the Brazilian women, it is not. In addition, Argentinean women showed a higher correlation than Brazilian women in the correlation pairs associated with the dimensions of PWB “environmental mastery” and “personal growth” with all dimensions of ESE. Similarly, in the dimension “purpose in life,” associated with PWB, a higher correlation was found in Argentinean female entrepreneurs with all dimensions of self-efficacy, except for the dimension “developing an innovative environment.” Also, the dimension “self-acceptance” showed higher strength for the Argentinean female entrepreneurs with the dimensions “defining business purpose” and “managing key human resources.” These differences highlight the different ways in which Brazilian and Argentinean female entrepreneurs manage their ventures.

Concerning the similarities identified between the groups, it is observed that there is no significant difference between the correlations in the following dimension pairs: “life purpose” with “developing an innovative environment”; “self-acceptance” with “developing new products or market opportunities”; “self-acceptance” with “developing an innovative environment”; “self-acceptance” with “initiating investors relationship”; and “self-acceptance” with “ability to face unforeseen changes.” As the eudaimonic approach to well-being has principles rooted in positive psychology, which values enhancing the positive aspects of people (Ryff, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.), the results of the research show that female entrepreneurs value self-acceptance as a strategy for developing products, markets, and innovation, as well as obtaining external resources.

Self-efficacy is a way to consciously seek experiences that may favor one’s own goals (Bandura, 1986Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice Hall.), as well as to face situations that threaten security (Bandura, 1977Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215. https://doi.org/10.1037/0033-295X.84.2.191
https://doi.org/10.1037/0033-295X.84.2.1...
). Moreover, self-efficacy is important for strengthening female entrepreneurs’ ventures (Ladge et al., 2019Ladge, J., Eddleston, K., & Sugiyama, K. (2019). Am I an entrepreneur? How imposter fears hinder women entrepreneurs’ business growth. Business Horizons, 62(5). https://doi.org/10.1016/J.BUSHOR.2019.05.001
https://doi.org/10.1016/J.BUSHOR.2019.05...
), in border regions, exposed to dilemmas typical of this context (Lopes et al., 2023Lopes, I. R. M., Faria, L. C. C., & Gonçalves, J. R. (2023). Mercosul: Problemas estruturais e o dilema da classificação frente aos modelos de bloco econômico. Revista JRG de Estudos Acadêmicos, 6(12), 199-215. https://doi.org/10.5281/zenodo.7692527
https://doi.org/10.5281/zenodo.7692527...
). As an example, one can mention the effect of ESE on emotional self-regulation (Bandura, 1994Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran, Encyclopedia of human behavior (pp. 71-81), Academic Press.; Salanova et al., 2001Salanova, M., Grau, R., & Llorens, S. (2001). Exposición a las tecnologias de lainformación, burnout y engagement: El rol modulador de la autoeficacia professional. Revista de Psicología Social Aplicada, 11(1), 69-90.), the ability to cope with uncertainty and failure (Bandura, 2000Bandura, A. (2000). Exercise of human agency through collective efficacy. Current Directions in Psychological Science, 9(3), 75-78. https://doi.org/10.1111/1467-8721.00064
https://doi.org/10.1111/1467-8721.00064...
; Salanova et al., 2001Salanova, M., Grau, R., & Llorens, S. (2001). Exposición a las tecnologias de lainformación, burnout y engagement: El rol modulador de la autoeficacia professional. Revista de Psicología Social Aplicada, 11(1), 69-90.), as well as the expansion of innovative and creative capacity (Law & Breznik, 2017Law, K. M. Y., & Breznik, K. (2017). Impacts of innovativeness and attitude on entrepreneurial intention: Among engineering and non-engineering students. International Journal of Technology and Design Education, 27(4), 683-700. https://doi.org/10.1007/s10798-016-9373-0
https://doi.org/10.1007/s10798-016-9373-...
). However, it is important that ESE is related to PWB (Ryff, 2018Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.) to combine the ability to face the situations inherent in the entrepreneurial role with life satisfaction and the desire for self-fulfillment associated with PWB.

In sum, both differences and similarities in the relationship between ESE and PWB identified between the groups may contribute to identifying ways of integrating businesses across borders, which can also strengthen the businesses of female entrepreneurs in both countries. Ribes-Giner et al. (2018)Ribes-Giner, G., Moya-Clemente, I., Cervelló-Royo, R., & Perello-Marin, M. R. (2018). Well-being indicators affecting female entrepreneurship in OECD countries. Quality & Quantity, 53, 915-933. https://doi.org/10.1007/s11135-018-0796-4
https://doi.org/10.1007/s11135-018-0796-...
suggest that self-efficacy is like fuel for well-being, specifically for female entrepreneurs. Thus, ESE may promote PWB for female entrepreneurs, especially Argentinean female entrepreneurs, who showed high or medium magnitude correlations in more dimensions. While differences between the groups can result in conflict if they are not seen as opportunities for development and learning, similarities between the groups can contribute to building new alliances and identities (Carneiro, 2019Carneiro, C. P., Filho. (2019). La cooperación transfronteriza en las ciudades gemelas de la Frontera Sur de Brasil. Aldea Mundo, 24(47), 39-50. https://www.redalyc.org/jatsRepo/543/54364072012/html/index.html
https://www.redalyc.org/jatsRepo/543/543...
), and increasing PWB. It is already known that well-being is relevant at all stages of the entrepreneurial process and can contribute to the survival of women’s businesses (Ryff, 2018Ryff, C. D. (2018). Entrepreneurship and eudaimonic well-being: Five venues for new science. Journal of Business Venturing, 34(4), 646-663. https://doi.org/10.1016/j.jbusvent.2018.09.003
https://doi.org/10.1016/j.jbusvent.2018....
, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.).

CONCLUSIONS

This study aimed to compare self-efficacy and psychological well-being and the relationships between these constructs between Brazilian and Argentinean entrepreneurs. The results showed similarities and differences between them. The main differences in terms of ESE, in all dimensions, were that Argentinian female entrepreneurs had a higher perception than Brazilian female entrepreneurs. As for the PWB, the “positive relationship” dimension showed similar values between the two cultures but showed different dispersions, with a lower average for Brazilian than Argentinean female entrepreneurs. There was also a significant difference in the “autonomy” dimension, with a higher median for Argentinean female entrepreneurs. As for the differences in the correlations observed, the highest correlations occurred in the group of Argentinean female entrepreneurs (positive relationships and autonomy; mastery of the environment and personal growth and defining business objectives and managing key human resources, among others).

The similarities identified were in the dimensions “mastery of the environment,” “personal growth,” “life purpose,” and “self-acceptance.” No positive correlation was identified in the following pairs of dimensions: “life purpose” with “developing an innovative environment”; “self-acceptance” with “developing new products or market opportunities”; “self-acceptance” with “developing an innovative environment”; “self-acceptance” with “initiating contacts with investors”; and “self-acceptance” with “ability to cope with unforeseen changes.”

The results contribute to the literature on entrepreneurship because they broaden the understanding of the self-efficacy of female entrepreneurs by examining its relationship with PWB (Ryff, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.). Several studies have been carried out on the self-efficacy of entrepreneurs. However, they have not related self-efficacy to well-being, which can contribute to reducing the stress levels of female entrepreneurs. This research also broadens the understanding of the performance of the entrepreneurial role by women in two Latin American countries, where studies with female entrepreneurs are still limited (Amorós et al., 2019Amorós, J. E., Poblete, C., & Mandakovic, V. (2019). R&D Transfer, policy and innovative ambitious entrepreneurship: Evidence from Latin America countries. The Journal of Technology Transfer, 44, 1396-1415. https://doi.org/10.1007/s10961-019-09728-x
https://doi.org/10.1007/s10961-019-09728...
).

Finally, this research addresses differences associated with the performance of female entrepreneurs in border regions, which is important for fostering rapprochement and contributing to overcoming challenges related to the economic and social development of these territories (Barros & Samurio, 2019Barros, P. S., & Samurio, S. E. (2019). A institucionalidade da integração fronteiriça na Unasul e no Mercosul. Boletim de Economia e Política Internacional, 25, 35-43. http://repositorio.ipea.gov.br/bitstream/11058/9800/1/BEPI_n25_Institucionalidade.pdf
http://repositorio.ipea.gov.br/bitstream...
; Carneiro, 2019Carneiro, C. P., Filho. (2019). La cooperación transfronteriza en las ciudades gemelas de la Frontera Sur de Brasil. Aldea Mundo, 24(47), 39-50. https://www.redalyc.org/jatsRepo/543/54364072012/html/index.html
https://www.redalyc.org/jatsRepo/543/543...
; Lopes et al., 2023Lopes, I. R. M., Faria, L. C. C., & Gonçalves, J. R. (2023). Mercosul: Problemas estruturais e o dilema da classificação frente aos modelos de bloco econômico. Revista JRG de Estudos Acadêmicos, 6(12), 199-215. https://doi.org/10.5281/zenodo.7692527
https://doi.org/10.5281/zenodo.7692527...
; Miyazaki, 2023Miyazaki, W. E. (2023). Mercosul e parceria transpacífico (CPTPP): Uma análise comparativa e pontos de interesse para a economia brasileira (Dissertação de mestrado). https://dspace.mackenzie.br/handle/10899/31882
https://dspace.mackenzie.br/handle/10899...
; Pessoa & Souza, 2021Pessoa, L. O., & Souza, L. E. S. de. (2021). A integração fronteiriça no Mercosul: Histórico, balanço e perspectivas nos 30 anos do bloco. Brazilian Journal of International Relations, 10(1), 222-252. https://doi.org/10.36311/2237-7743.2021.v10n1.p222-252
https://doi.org/10.36311/2237-7743.2021....
).

As practical contributions, the research provides elements for the formulation of policies aimed at strengthening female entrepreneurship and possibilities for promoting cooperation between female entrepreneurs in the two countries. In addition, the research findings contribute to the need for leaders in border regions to consider cultural differences, such as those observed in managing these territories. It is suggested to encourage networks of female entrepreneurs to exchange experiences and seek support that involves expanding ESE and PWB, and in addition, programs on the part of municipalities aimed at eliminating barriers encountered by female entrepreneurs that affect ESE and PWB.

The study’s limitations include the typical aspects of cross-sectional quantitative studies. Therefore, future, longitudinal studies are suggested, which would assess changes in the ESE and PWB, and its relationships. Future studies also could include additional control variables, such as family (as suggested by Ryff, 2023Ryff, C. D. (2023). Pursuit of eudaimonia: Past advances and future directions. In L. M. Heras, M. G. Grau, & Y. Rofcanin (Eds.), Human flourishing: A multidisciplinary perspective on neuroscience, health, organizations and arts (pp. 9-31). Springer.), business size, and success, for example. Furthermore, comparisons can be made with countries on other continents with similar economic development, and the potential historical impact of European influences on the colonization of Latin America can be evaluated since Brazil was colonized by the Portuguese and Argentina by the Spanish.

ACKNOWLEDGMENTS

The authors would like to thank Fundação de Amparo à Pesquisa e Inovação de Santa Catarina (FAPESC) for the financial support to translate the article (Grant Term N. 2021TR001877)

  • Evaluated through a double-anonymized peer review
  • The reviewers did not authorize disclosure of their identity and peer review report.

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Edited by

Associate Editor: Indianna Minto-Coy

Publication Dates

  • Publication in this collection
    12 Aug 2024
  • Date of issue
    2024

History

  • Received
    14 Oct 2022
  • Accepted
    16 Feb 2024
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