Influence of Positive Psychological Capital on Social Entrepreneurship Intention During Covid-19

Abstract

The objective of this research is to identify the factor influencing sustainable entrepreneurial intention. This research uses a quantitative approach to examine the influence of psychological capital (hope, optimism, and resilience) and attitude on sustainable entrepreneurial intention. Survey of 156 Indonesian students was conducted to collect the data. The proposed hypothesis was tested with structural equation modelling. The result demonstrated that attitude and optimism have a positive influence on sustainable entrepreneurial intention whereas the influence of hope and resilience on sustainable entrepreneurial intention was not validated. Moreover, attitude can enhance this psychological capital (hope, optimism, and resilience) and hope can be strengthened by resilience and optimism. This work can contribute to enriching the literature in entrepreneurship. Also, recognizing the antecedents of sustainable entrepreneurial intention is vital in promoting entrepreneurship, thus university and governments can leverage the result. This empirical research outlines the importance of psychological capital and its role in entrepreneurship which is still lacking in this particular research setting.