Financial strain and subjective well-being of unemployed individuals during COVID-19: The role of bo

Zahid Hameed, Thomas Garavan, Rana Muhammad Naeem, Muhammad Burhan, Ghulam Ali Arain

Research output: Contribution to journalMeeting Abstractpeer-review

Abstract

The sudden outbreak of COVID-19 has engendered unprecedent challenges and disruptions in nearly every field across the globe. The destabilized economic conditions have resulted in large-scale downsizing and layoffs, particularly in the hospitality and tourism sector which is the focus of the study. This scenario has prompted financial strain and reduced subjective well-being among those individuals who were laid off. Using the conservation of resources (COR) theory, we investigated the impact of financial strain on the subjective well-being of the laid off employees (N=284) in the hospitality and tourism sector through the mediating mechanism of negative affectivity. We also investigated the extent to which this mediated relationship is moderated by the individuals’ core-self evaluations. The results provided support for the hypothesized relationships in the study. We discuss the theoretical and practical implications of our research.
Original languageEnglish
Number of pages1
JournalAcademy of Management Proceedings
Volume2021
Issue number1
Early online date26 Jul 2021
DOIs
Publication statusPublished - 1 Aug 2021
Externally publishedYes
Event81st Annual Meeting of the Academy of Management: Bringing the Manager Back in Management - Virtual due to COVID-19, United States
Duration: 30 Jul 20213 Aug 2021
Conference number: 81
https://aom.org/events/annual-meeting/past-annual-meetings/2021-bringing-the-manager-back-in-management

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