Exploring dimensions of psychological capital through grounded theory investigations

Psychological capital (psy cap) research is context specific. Different factor structure in its framework suggests different psychological resources in different cultural settings. This paper's purpose is to address this gap by conducting qualitative research in the Indian context. Data analysis was done through grounded theory's 'paradigm model'. Data were collected through in-depth interviews of 25 middle-level managers in India from different sectors. The present data explorations observed the presence of two more psychological resources (spirituality and courage) besides the first four HERO (hope, efficacy, resilience, and optimism) and made an attempt to redefine it as 'expanded psychological capital'. Supportive organisational climate, authentic leadership and job experience were identified as moderators. Desirable attitudes comprising organisational commitment, job satisfaction, and well-being have been identified as consequences. The findings suggest that by including workplace spirituality and courage in psychological capital framework, the workplace outcomes for the Indian employees can be more promising.