IDEAS home Printed from https://ideas.repec.org/a/abg/anprac/v24y2020i41394.html
   My bibliography  Save this article

The Power of Psychological Capital: The Strength of Beliefs in Entrepreneurial Behavior

Author

Listed:
  • Luciano Lima
  • Vânia Nassif
  • Marcia Maria Garçon

Abstract

Objective: this research aimed to analyze entrepreneurial behavior from the components of psychological capital and cognitive social theory, from the human agency perspective. Methods: we used qualitative research along with in-depth interviews, conducted with 21 entrepreneurs with different profiles. The speeches were interpreted by content analysis and expanded into theories. Results: the results show that the actions developed by the interviewees during the creation and development businesses are aligned with the entrepreneurial characteristics, according to the literature, without distinction of gender, age or length of experience. As coping mechanisms for challenges and opportunities, these individuals express their beliefs in behaviors of self-efficacy, optimism, hope, resilience, intentionality, anticipation, self-actualization, and self-reflection. Conclusions: these findings indicate that the psychological forces act as fundamental elements for the success of the entrepreneur, which is essential to being understood in the theoretical and managerial scope and as a relevant element to the research.

Suggested Citation

  • Luciano Lima & Vânia Nassif & Marcia Maria Garçon, 2020. "The Power of Psychological Capital: The Strength of Beliefs in Entrepreneurial Behavior," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 24(4), pages 317-334.
    • Handle: RePEc:abg:anprac:v:24:y:2020:i:4:1394
    as

    Download full text from publisher

    File URL: https://rac.anpad.org.br/index.php/rac/article/view/1394/1471
    Download Restriction: no
    File URL: https://rac.anpad.org.br/index.php/rac/article/download/1394/1471
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Candida G. Brush & Nancy M. Carter & Patricia G. Greene & Myra M. Hart & Elizabeth Gatewood, 2002. "The role of social capital and gender in linking financial suppliers and entrepreneurial firms: A framework for future research," Venture Capital, Taylor & Francis Journals, vol. 4(4), pages 305-323, October.
    2. Luthans, Fred & Luthans, Kyle W. & Luthans, Brett C., 2004. "Positive psychological capital: beyond human and social capital," Business Horizons, Elsevier, vol. 47(1), pages 45-50.
    3. Hédia Fourati & Rihab Ben Attitalah, 2018. "Entrepreneurial Optimism, The Nature Of Entrepreneurial Experience And Debt Decision For Business Start-Up," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-26, April.
    4. Wood, Matthew S. & Williams, David W. & Drover, Will, 2017. "Past as prologue: Entrepreneurial inaction decisions and subsequent action judgments," Journal of Business Venturing, Elsevier, vol. 32(1), pages 107-127.
    5. Israel Kirzner, 2009. "The alert and creative entrepreneur: a clarification," Small Business Economics, Springer, vol. 32(2), pages 145-152, February.
    6. Nancy G. Boyd & George S. Vozikis, 1994. "The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 18(4), pages 63-77, July.
    7. Bruyat, Chirstian & Julien, Pierre-Andre, 2001. "Defining the field of research in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 16(2), pages 165-180, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martin Mabunda Baluku & Julius Fred Kikooma & Edward Bantu & Kathleen Otto, 2018. "Psychological capital and entrepreneurial outcomes: the moderating role of social competences of owners of micro-enterprises in East Africa," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-23, December.
    2. Muñoz, Pablo & Dimov, Dimo, 2015. "The call of the whole in understanding the development of sustainable ventures," Journal of Business Venturing, Elsevier, vol. 30(4), pages 632-654.
    3. Jeffery S. McMullen & Katrina M. Brownell & Joel Adams, 2021. "What Makes an Entrepreneurship Study Entrepreneurial? Toward A Unified Theory of Entrepreneurial Agency," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1197-1238, September.
    4. Tongxin Yu & Nadeem Khalid & Umair Ahmed, 2021. "Factors Influencing Entrepreneurial Intention among Foreigners in Kazakhstan," Sustainability, MDPI, vol. 13(13), pages 1-33, June.
    5. Douglas, Evan J. & Shepherd, Dean A. & Prentice, Catherine, 2020. "Using fuzzy-set qualitative comparative analysis for a finer-grained understanding of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 35(1).
    6. Stevenson, Regan M. & Ciuchta, Michael P. & Letwin, Chaim & Dinger, Jenni M. & Vancouver, Jeffrey B., 2019. "Out of control or right on the money? Funder self-efficacy and crowd bias in equity crowdfunding," Journal of Business Venturing, Elsevier, vol. 34(2), pages 348-367.
    7. Martin Hannibal & Natasha Evers & Per Servais, 2016. "Opportunity recognition and international new venture creation in university spin-offs—Cases from Denmark and Ireland," Journal of International Entrepreneurship, Springer, vol. 14(3), pages 345-372, September.
    8. Ramoglou, Stratos, 2021. "Knowable opportunities in an unknowable future? On the epistemological paradoxes of entrepreneurship theory," Journal of Business Venturing, Elsevier, vol. 36(2).
    9. Stratos Ramoglou & Stelios Zyglidopoulos, 2015. "The constructivist view of entrepreneurial opportunities: a critical analysis," Small Business Economics, Springer, vol. 44(1), pages 71-78, January.
    10. Loïc Sauce, 2017. "Market process(es) and (un)knowledge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 305-321, September.
    11. Francoise Contreras & Inge de Dreu & Juan C. Espinosa, 2017. "Examining the Relationship between Psychological Capital and Entrepreneurial Intention: An Exploratory Study," Asian Social Science, Canadian Center of Science and Education, vol. 13(3), pages 1-80, March.
    12. Ayatakshee Sarkar & Naval Garg & DK Srivastava & BK Punia, 2024. "Can Gratitude Counter Workplace Toxicity? Exploring the Mediating Role of Psychological Capital (PsyCap)," Business Perspectives and Research, , vol. 12(2), pages 261-276, April.
    13. Fayolle, Alain & Liñán, Francisco, 2014. "The future of research on entrepreneurial intentions," Journal of Business Research, Elsevier, vol. 67(5), pages 663-666.
    14. Jenny Lukito Setiawan & Azilah Kasim & Elia Ardyan, 2022. "Understanding the Consumers of Entrepreneurial Education: Self-Efficacy and Entrepreneurial Attitude Orientation among Youths," Sustainability, MDPI, vol. 14(8), pages 1-18, April.
    15. Zellweger, Thomas & Sieger, Philipp & Halter, Frank, 2011. "Should I stay or should I go? Career choice intentions of students with family business background," Journal of Business Venturing, Elsevier, vol. 26(5), pages 521-536, September.
    16. Antje Schmitt & Kathrin Rosing & Stephen X. Zhang & Michael Leatherbee, 2018. "A Dynamic Model of Entrepreneurial Uncertainty and Business Opportunity Identification: Exploration as a Mediator and Entrepreneurial Self-Efficacy as a Moderator," Entrepreneurship Theory and Practice, , vol. 42(6), pages 835-859, November.
    17. Ammar Samout & Sami Boudabous, 2016. "MEDIATEURS effects innovative behavior of the owner-manager on the relationship between human capital and the success of small and medium-sized enterprises in Tunisia," Post-Print halshs-01359759, HAL.
    18. Maciej Jagódka & Małgorzata Snarska, 2021. "The State of Human Capital and Innovativeness of Polish Voivodships in 2004–2018," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    19. Bickenbach, Frank & Dohse, Dirk & Liu, Wan-Hsin, 2014. "An inquiry into the determinants of graduate entrepreneurship in Hong Kong and Guangzhou (Mainland China)," Kiel Working Papers 1940, Kiel Institute for the World Economy (IfW Kiel).
    20. Pushkarskaya, Helen & Fortunato, Michael W.-P. & Breazeale, Nicole & Just, David R., 2021. "Enhancing measures of ESE to incorporate aspects of place: Personal reputation and place-based social legitimacy," Journal of Business Venturing, Elsevier, vol. 36(3).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abg:anprac:v:24:y:2020:i:4:1394. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Information Technology of ANPAD (email available below). General contact details of provider: http://anpad.org.br .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.