Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help?
This literature review summarizes the link between psychological well-being and entrepreneurial outcomes for small and medium-size enterprises in fragile, conflict, and violence–affected contexts. It identifies potentially promising, scalable psych...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/341821529589958666/Improving-mental-well-being-and-productivity-of-small-medium-entrepreneurs-in-fragile-conflict-and-violence-affected-areas-can-cognitive-behavioral-therapy-trainings-help http://hdl.handle.net/10986/29942 |
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okr-10986-299422021-06-08T14:42:46Z Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? Saraf, Priyam Rahman, Tasmia Gallardo, Miguel Jamison, Julian Lor, Charles ENTREPRENEURSHIP PRODUCTIVITY MENTAL HEALTH SMALL AND MEDIUM ENTERPRISES FRAGILITY CONFLICT AND VIOLENCE WELL-BEING STRESS COGNITIVE BEHAVIORAL THERAPY PSYCHOLOGICAL CAPITAL HUMAN CAPITAL HUMAN DEVELOPMENT RISK This literature review summarizes the link between psychological well-being and entrepreneurial outcomes for small and medium-size enterprises in fragile, conflict, and violence–affected contexts. It identifies potentially promising, scalable psychosocial training interventions, based on cognitive-behavioral therapy approaches, that can be adapted and implemented to improve psychological health at the individual level, that could lead to better business performance at the firm level. The findings from the literature of cognitive psychology and small business economics suggest that small and medium-size enterprise entrepreneurs, without diversified capital, stable sources of income, or delegation opportunities, tend to suffer from more stress and anxiety compared with their peers in salaried jobs or in larger firms. Chronic stress is found to deplete their psychological resources, erode their motivating role within the firm, and result in counterproductive work behavior. The combination of regular business-related entrepreneurial stressors with the uncertainties of a fragile, conflict, and violence–specific environment—natural disasters, conflict, migration, and/or exposure to trauma—can amplify poorer psychological outcomes and hamper business performance. Utilization of cognitive-behavioral therapy approaches to mitigate stress and build psychological capital appears promising. Although such curricula have been tried and tested for other target groups at scale, such an intervention has not yet been applied for at-risk entrepreneurs. Given that small and medium-size enterprises are important drivers of income in fragile, conflict, and violence–affected contexts, future research might benefit from evaluating whether the effects of cognitive-behavioral therapy–based training interventions can be replicated for these new target groups and, importantly, whether the interventions can lead to better behavioral outcomes and business performance over time. 2018-06-28T14:50:26Z 2018-06-28T14:50:26Z 2018-06 Working Paper http://documents.worldbank.org/curated/en/341821529589958666/Improving-mental-well-being-and-productivity-of-small-medium-entrepreneurs-in-fragile-conflict-and-violence-affected-areas-can-cognitive-behavioral-therapy-trainings-help http://hdl.handle.net/10986/29942 English Policy Research Working Paper;No. 8489 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ENTREPRENEURSHIP PRODUCTIVITY MENTAL HEALTH SMALL AND MEDIUM ENTERPRISES FRAGILITY CONFLICT AND VIOLENCE WELL-BEING STRESS COGNITIVE BEHAVIORAL THERAPY PSYCHOLOGICAL CAPITAL HUMAN CAPITAL HUMAN DEVELOPMENT RISK |
| spellingShingle |
ENTREPRENEURSHIP PRODUCTIVITY MENTAL HEALTH SMALL AND MEDIUM ENTERPRISES FRAGILITY CONFLICT AND VIOLENCE WELL-BEING STRESS COGNITIVE BEHAVIORAL THERAPY PSYCHOLOGICAL CAPITAL HUMAN CAPITAL HUMAN DEVELOPMENT RISK Saraf, Priyam Rahman, Tasmia Gallardo, Miguel Jamison, Julian Lor, Charles Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| relation |
Policy Research Working Paper;No. 8489 |
| description |
This literature review summarizes the
link between psychological well-being and entrepreneurial
outcomes for small and medium-size enterprises in fragile,
conflict, and violence–affected contexts. It identifies
potentially promising, scalable psychosocial training
interventions, based on cognitive-behavioral therapy
approaches, that can be adapted and implemented to improve
psychological health at the individual level, that could
lead to better business performance at the firm level. The
findings from the literature of cognitive psychology and
small business economics suggest that small and medium-size
enterprise entrepreneurs, without diversified capital,
stable sources of income, or delegation opportunities, tend
to suffer from more stress and anxiety compared with their
peers in salaried jobs or in larger firms. Chronic stress is
found to deplete their psychological resources, erode their
motivating role within the firm, and result in
counterproductive work behavior. The combination of regular
business-related entrepreneurial stressors with the
uncertainties of a fragile, conflict, and violence–specific
environment—natural disasters, conflict, migration, and/or
exposure to trauma—can amplify poorer psychological outcomes
and hamper business performance. Utilization of
cognitive-behavioral therapy approaches to mitigate stress
and build psychological capital appears promising. Although
such curricula have been tried and tested for other target
groups at scale, such an intervention has not yet been
applied for at-risk entrepreneurs. Given that small and
medium-size enterprises are important drivers of income in
fragile, conflict, and violence–affected contexts, future
research might benefit from evaluating whether the effects
of cognitive-behavioral therapy–based training interventions
can be replicated for these new target groups and,
importantly, whether the interventions can lead to better
behavioral outcomes and business performance over time. |
| format |
Working Paper |
| author |
Saraf, Priyam Rahman, Tasmia Gallardo, Miguel Jamison, Julian Lor, Charles |
| author_facet |
Saraf, Priyam Rahman, Tasmia Gallardo, Miguel Jamison, Julian Lor, Charles |
| author_sort |
Saraf, Priyam |
| title |
Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| title_short |
Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| title_full |
Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| title_fullStr |
Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| title_full_unstemmed |
Improving Mental Well-Being and Productivity of Small-Medium Entrepreneurs in Fragile, Conflict and Violence Affected Areas : Can Cognitive Behavioral Therapy Training Help? |
| title_sort |
improving mental well-being and productivity of small-medium entrepreneurs in fragile, conflict and violence affected areas : can cognitive behavioral therapy training help? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/341821529589958666/Improving-mental-well-being-and-productivity-of-small-medium-entrepreneurs-in-fragile-conflict-and-violence-affected-areas-can-cognitive-behavioral-therapy-trainings-help http://hdl.handle.net/10986/29942 |
| _version_ |
1764470863398174720 |