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The effects of psychological capital and empowerment on entrepreneurial spirit: The case of Naghadeh County, Iran

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  • Latif Haji
  • Naser Valizadeh
  • Hamid Karimi

Abstract

The main purpose of this study was to investigate the effect of psychological capital on villagers' entrepreneurial spirit through the mediating role of psychological empowerment. Present study is an applied research, which was based on structural equation modelling in terms of the method of analysis. Statistical population was villagers of Nahgadeh County (N = 12,155) that was estimated using Krejcie and Morgan sampling table (n = 375). The samples were selected using stratified random sampling method. Research tool was a structured questionnaire which its validity confirmed by a panel of experts. Furthermore, the reliability of the research instrument was accomplished through Cronbach's alpha coefficients (0.86 ≤ α ≤ 0.92). Structural equation modelling was employed in order to test the hypotheses. The results indicated that direct effect of psychological capital on psychological empowerment (t = 3.61, γ = 0.24) was positive and significant. Besides, psychological capital (t = 4.28, γ = 0.28) and psychological empowerment (t = 8.67, γ = 0.59) positively and significantly affected entrepreneurial spirit. The analysis of indirect effects demonstrated that the indirect effect of psychological capital on entrepreneurial spirit was significant (γ = 0.42). Finally, it should be mentioned that independent variables could account for 57% variance of entrepreneurial spirit and fitness indices of the model were at an acceptable level.

Suggested Citation

  • Latif Haji & Naser Valizadeh & Hamid Karimi, 2022. "The effects of psychological capital and empowerment on entrepreneurial spirit: The case of Naghadeh County, Iran," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 290-300, January.
    • Handle: RePEc:wly:ijfiec:v:27:y:2022:i:1:p:290-300
    DOI: 10.1002/ijfe.2152
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    References listed on IDEAS

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    1. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    2. Nuray Tetik, 2016. "The Effects of Psychological Empowerment on Job Satisfaction and Job Performance of Tourist Guides," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(2), pages 221-239, February.
    3. Clarysse, Bart & Tartari, Valentina & Salter, Ammon, 2011. "The impact of entrepreneurial capacity, experience and organizational support on academic entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1084-1093, October.
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    1. Hadi Dhafer Hassan Kariri & Omaymah Abdulwahab Radwan, 2023. "The Influence of Psychological Capital on Individual’s Social Responsibility through the Pivotal Role of Psychological Empowerment: A Study Towards a Sustainable Workplace Environment," Sustainability, MDPI, vol. 15(3), pages 1-12, February.

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