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The value of the psychological capital of immigrant entrepreneurs

Author

Listed:
  • Fred Luthans
  • Steven M. Norman
  • Susan M. Jensen

Abstract

Immigrant entrepreneurs have always played a critical role in the economies of countries around the world. Although considerable attention has been devoted to the importance of economic and financial capital, we examine three overlooked forms of capital that may enhance the success of immigrant entrepreneurs: human, social, and psychological capital. Special attention is given to the positive psychological capital strengths of hope, self-efficacy/confidence, optimism, and resilience. We propose that successful immigrant entrepreneurs are those who not only possess, but also seek to further develop and leverage this newly recognised form of capital in themselves and their associates.

Suggested Citation

  • Fred Luthans & Steven M. Norman & Susan M. Jensen, 2007. "The value of the psychological capital of immigrant entrepreneurs," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 1(2), pages 161-175.
    • Handle: RePEc:ids:ijbglo:v:1:y:2007:i:2:p:161-175
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    References listed on IDEAS

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    1. Fred Luthans & Bruce J. Avolio & Fred O. Walumbwa & Weixing Li, 2005. "The Psychological Capital of Chinese Workers: Exploring the Relationship with Performance," Management and Organization Review, International Association of Chinese Management Research, vol. 1(2), pages 249-271, July.
    2. Luthans, Fred & Avolio, Bruce J. & Walumbwa, Fred O. & Li, Weixing, 2005. "The Psychological Capital of Chinese Workers: Exploring the Relationship with Performance," Management and Organization Review, Cambridge University Press, vol. 1(2), pages 249-271, July.
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    Cited by:

    1. Camilla Modesti & Alessandra Talamo, 2021. "Defining Adjustment to Address the Missing Link between Refugees and Their Resettlement Communities," IJERPH, MDPI, vol. 18(18), pages 1-20, September.
    2. Dheer, Ratan J.S. & Lenartowicz, Tomasz, 2020. "Effect of generational status on immigrants’ intentions to start new ventures: The role of cognitions," Journal of World Business, Elsevier, vol. 55(3).

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