Affect spin, entrepreneurs' well-being, and venture goal progress: The moderating role of goal orientation

Using two experience sampling studies, we examined the relationship between affect fluctuations (i.e., affect spin) and goal orientation on psychological well-being and venture goal progress of early-stage startup entrepreneurs. We found that the entrepreneur's affect spin negatively related to well-being (Study 1) and venture goal progress (Study 2). Goal orientation moderated these relationships. Specifically, high performance-approach goal orientation weakened the negative relationship between affect spin and psychological well-being (Study 1) and venture goal progress (Study 2); high learning goal orientation strengthened the negative impact of affect spin on well-being (Study 1) but not on venture goal progress (Study 2). We discussed the theoretical and practical implications of our study to affect in entrepreneurship research.