The purpose of this study is to investigate how Team Entrepreneurial Passion (TEP), manifested in three different domains (i.e. for inventing, founding, and developing), affects subjective well-being, and to explore whether this relationship is mediated by team performance.
We analyzed cross-sectional survey data from 106 respondents representing 42 entrepreneurial teams enrolled in European incubation and acceleration programs, using Partial Least Squares – Structural Equation Modeling and PROCESS mediation analysis.
The results show that TEP does not have a direct effect on team members' subjective well-being. However, TEP for inventing influences team performance. Moreover, consistent with our mediation hypotheses, the effects of all three TEP's domains on subjective well-being operate indirectly through team performance.
Besides providing empirical insights on the role of TEP and well-being, this study highlights important dynamics on the critical role that team performance plays in this relationship, and extends previous studies by clarifying the nuances of the connection between passion at the team level and well-being.
