Antecedent and Consequences of Psychological Capital of Entrepreneurs

Yong Wang,Shareena de la Cruz,Wenyi Huang,Cheng-Hung Tsai,Fu-Sheng Tsai

doi:10.3390/su10103717

Yong Wang, Shareena de la Cruz + Show 3 more

Open Access

https://doi.org/10.3390/su10103717

Copy DOI

Abstract

Psychological capital is critical for entrepreneurial resilience and sustainability. The purpose of this study is to examine a comprehensive model of the relationships between the antecedents and consequences of the psychological capital of entrepreneurs. A data sample of 208 entrepreneurs from the Philippines was analyzed with Structural Equation Modeling. The results found that organizational climate, organizational justice, leader-member exchange, authentic leadership have significant and positive influences on psychological capital, while occupational stressor is significantly associated with psychological capital. Among them, authentic leadership has the strongest impact on psychological capital. Results also found that psychological capital has significant and positive influences on entrepreneurs’ job satisfaction, performance, attitude, organizational citizenship behavior, while it also has negative influences on undesirable behavior. Theoretical and practical implications are discussed.

Highlights

Facing competitive environment and pressure for continuous growth, organizations must help their workforce to maintain good occupational and spiritual health
The purpose of this research is to contribute to the psychological capital literature by adding knowledge gained from examining an integrative model of psychological capital’s antecedents and consequences, for entrepreneurs working in a developing economy
We develop hypotheses regarding to the relationships among the antecedents, psychological capital and the consequences

Summary

Introduction

Facing competitive environment and pressure for continuous growth, organizations must help their workforce to maintain good occupational and spiritual health. This is true for an entrepreneurial venture. Recent years have witnessed the research emerging on organizational actors’ individual or collective and positive psychological state being viewed as a kind of “capital” that organizations may utilize to produce good performance and competitive advantages. Psychological capital is reflected in person’s self-view or sense of self-esteem [2]. Psychological capital as a person’s sense or view of an organizational actors’ ability to successfully utilize the financial, human and or social capital s/he brings to the organization in a productive manner [3]

Objectives

Methods

Conclusion