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Psychological capital: a literature review and research trends

Author

Listed:
  • Thanh D. Nguyen
  • Thi H. Cao
  • Tuan M. Nguyen
  • Tuan T. Nguyen

Abstract

Purpose - This literature review aims to explore the various aspects of psychological capital (PsyCap), including its theoretical foundations, measurement methods, and the factors directly associated with PsyCap. Design/methodology/approach - The approach employed in this study is scientific document synthesis, with a specific emphasis on scholarly articles published between 2001 and 2023. The selection of articles is limited to those published in internationally renowned journals that are indexed by reputable databases, including ISI (WoS) and SJR (Scopus). Findings - Psychological capital is closely linked to other concepts at different levels. Scholars are investigating various factors associated with PsyCap, including health, project success, service marketing, banking services. It is important to note that different research areas have varying conceptualizations and scales when it comes to PsyCap. Originality/value - This literature review of related studies reveals a growing global interest among researchers in the concept of positive psychological capital. The research results have shown significant interest in the items related to PsyCap, and and the factors directly associated with it, including antecedents, mediators, moderators, and outcomes.

Suggested Citation

  • Thanh D. Nguyen & Thi H. Cao & Tuan M. Nguyen & Tuan T. Nguyen, 2024. "Psychological capital: a literature review and research trends," Asian Journal of Economics and Banking, Emerald Group Publishing Limited, vol. 8(3), pages 412-429, July.
  • Handle: RePEc:eme:ajebpp:ajeb-08-2023-0076
    DOI: 10.1108/AJEB-08-2023-0076
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    More about this item

    Keywords

    Measure; Multidimensional; Performance; Psychological capital (PsyCap); D23; E24; G32; L20; J24;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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