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Antecedent and Consequences of Psychological Capital of Entrepreneurs

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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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    Cited by:

    1. 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.
    2. 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.

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