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Examining the Relationship between Psychological Capital and Entrepreneurial Intention: An Exploratory Study

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  • Francoise Contreras
  • Inge de Dreu
  • Juan C. Espinosa

Abstract

The aim of this study is determine if Entrepreneurial Intention is related to Psychological Capital in business students. Self-efficacy, Hope, Optimism and Resiliency, which are all dimensions of psychological capital, were assessed with the General Self-Efficacy Scale (GSE), the Hope Scale (HS), the Life Orientation Test Revised (LOT-R) and the Resilience Scale (RS), respectively. The Entrepreneurial Intention was assessed through five statements. According to the results, Entrepreneurial Intention is related to all dimensions of Psychological Capital, mainly with Self-efficacy and Resilience. Psychological Capital as an integrated construct was related to Entrepreneurial Intention as a whole. These findings provide additional evidence about the importance to study Psychological capital as an integrated construct instead of studying its dimensions separately, even more so when studied in relation to Entrepreneurial Intention. In spite of the advances in the knowledge about the individual differences related to entrepreneurial intentions, it is necessary to continue studying this phenomenon, considering that the results are still scarce and inconclusive.

Suggested Citation

  • 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.
    • Handle: RePEc:ibn:assjnl:v:13:y:2017:i:3:p:80
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    References listed on IDEAS

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    2. Bénédicte Branchet & J.-P. Boissin & S. Emin & J. I. Herbert, 2009. "Students and Entrepreneurship: A comparative study France - United States," Post-Print halshs-00512489, HAL.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. 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.
    5. Beate Rotefoss & Lars Kolvereid, 2005. "Aspiring, nascent and fledgling entrepreneurs: an investigation of the business start-up process," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 17(2), pages 109-127, March.
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    1. Akilimali Ndatabaye Ephrem & Paul Martin Dontsop Nguezet & Ishara Kaciko Charmant & McEdward Murimbika & Bola Amoke Awotide & Abdoulaye Tahirou & Mulindangabo Neema Lydie & Victor Manyong, 2021. "Entrepreneurial Motivation, Psychological Capital, and Business Success of Young Entrepreneurs in the DRC," Sustainability, MDPI, vol. 13(8), pages 1-22, April.
    2. Ali Saleh Alshebami, 2021. "The Influence of Psychological Capital on Employees’ Innovative Behavior: Mediating Role of Employees’ Innovative Intention and Employees’ Job Satisfaction," SAGE Open, , vol. 11(3), pages 21582440211, August.
    3. Akilimali Ndatabaye Ephrem & Paul Martin Dontsop Nguezet & McEdward Murimbika & Zoumana Bamba & Victor Manyong, 2021. "Perceived Social Norms and Agripreneurial Intention among Youths in Eastern DRC," Sustainability, MDPI, vol. 13(6), pages 1-21, March.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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