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Behavioral Sciences
Volume 15
Issue 11
10.3390/bs15111438
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This is an early access version, the complete PDF, HTML, and XML versions will be available soon.
Article

Narcissism and Entrepreneurial Well-Being: The Moderating Role of Equity Ranking and Industry Attention

by
Yiran Liu
1,
Xiaoya Liang
1,
Chengying Zhang
1,
Wei Dong
1,*,
Xin Li
2 and
Huihui Li
3,*
1
School of Education, Tianjin University, Tianjin 300350, China
2
College of Management and Economics, Tianjin University, Tianjin 300072, China
3
School of Business, Nanjing Normal University, Nanjing 210023, China
*
Authors to whom correspondence should be addressed.
Behav. Sci. 2025, 15(11), 1438; https://doi.org/10.3390/bs15111438
Submission received: 26 August 2025 / Revised: 9 October 2025 / Accepted: 15 October 2025 / Published: 22 October 2025
Review Reports Versions Notes

Abstract

Why do some entrepreneurs experience higher levels of well-being? While prior research has extensively investigated various determinants of entrepreneurial well-being, this study advances the literature by examining the unique role of narcissism in shaping entrepreneurs’ well-being. We propose that a narcissistic personality—characterized by heightened self-focus and need for recognition—interacts with contextual factors to enhance well-being. Specifically, narcissistic entrepreneurs’ well-being increases when equity ranking is high and industry attention is salient. Using a multi-method approach, combining survey data from 165 Chinese entrepreneurs with archival data, we demonstrate that narcissism positively predicts well-being, with effects amplified by both high equity ranking and industry attention. In doing so, this study contributes to research on well-being and narcissistic personality in entrepreneurial contexts.
Keywords: entrepreneurship; well-being; narcissism; equity ranking; industry attention entrepreneurship; well-being; narcissism; equity ranking; industry attention

Share and Cite

MDPI and ACS Style

Liu, Y.; Liang, X.; Zhang, C.; Dong, W.; Li, X.; Li, H. Narcissism and Entrepreneurial Well-Being: The Moderating Role of Equity Ranking and Industry Attention. Behav. Sci. 2025, 15, 1438. https://doi.org/10.3390/bs15111438

AMA Style

Liu Y, Liang X, Zhang C, Dong W, Li X, Li H. Narcissism and Entrepreneurial Well-Being: The Moderating Role of Equity Ranking and Industry Attention. Behavioral Sciences. 2025; 15(11):1438. https://doi.org/10.3390/bs15111438

Chicago/Turabian Style

Liu, Yiran, Xiaoya Liang, Chengying Zhang, Wei Dong, Xin Li, and Huihui Li. 2025. "Narcissism and Entrepreneurial Well-Being: The Moderating Role of Equity Ranking and Industry Attention" Behavioral Sciences 15, no. 11: 1438. https://doi.org/10.3390/bs15111438

APA Style

Liu, Y., Liang, X., Zhang, C., Dong, W., Li, X., & Li, H. (2025). Narcissism and Entrepreneurial Well-Being: The Moderating Role of Equity Ranking and Industry Attention. Behavioral Sciences, 15(11), 1438. https://doi.org/10.3390/bs15111438

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