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Antecedent and Consequences of Psychological Capital of Entrepreneurs

Author

Listed:
  • Yong Wang

    (Department of Business Administration, Huaiyin Institute of Technology, Huai’an 223001, China)

  • Cheng-Hung Tsai

    (Department of Business Administration, Cheng Shiu University, Kaohsiung 83347, Taiwan)

  • Fu-Sheng Tsai

    (Department of Business Administration, Cheng Shiu University, Kaohsiung 83347, Taiwan)

  • Wenyi Huang

    (Postgraduate Programs in Management, I-Shou University; Kaohsiung 840, Taiwan)

  • Shareena Malapitan De la Cruz

    (Department of Business Administration, Cheng Shiu University, Kaohsiung 83347, Taiwan)

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.

Suggested Citation

  • Yong Wang & Cheng-Hung Tsai & Fu-Sheng Tsai & Wenyi Huang & Shareena Malapitan De la Cruz, 2018. "Antecedent and Consequences of Psychological Capital of Entrepreneurs," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3717-:d:176004
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    References listed on IDEAS

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    1. Rashmi Nakra, 2014. "Understanding the Impact of Organizational Justice on Organizational Commitment and Projected Job Stay among Employees of the Business Process Outsourcing Sector in India," Vision, , vol. 18(3), pages 185-194, September.
    2. Dave Bouckenooghe & Asma Zafar & Usman Raja, 2015. "How Ethical Leadership Shapes Employees’ Job Performance: The Mediating Roles of Goal Congruence and Psychological Capital," Journal of Business Ethics, Springer, vol. 129(2), pages 251-264, June.
    3. Goldsmith, Arthur H & Veum, Jonathan R & Darity, William, Jr, 1997. "The Impact of Psychological and Human Capital on Wages," Economic Inquiry, Western Economic Association International, vol. 35(4), pages 815-829, October.
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    Cited by:

    1. Etayankara Muralidharan & Saurav Pathak, 2019. "Consequences of Cultural Leadership Styles for Social Entrepreneurship: A Theoretical Framework," Sustainability, MDPI, vol. 11(4), pages 1-19, February.
    2. Mukti Clarence & Viju P. D. & Lalatendu Kesari Jena & Tony Sam George, 2021. "Predictors of Positive Psychological Capital: An Attempt Among the Teacher Communities in Rural Jharkhand, India," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 46(2), pages 139-160, May.

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