Antecedent and Consequences of Psychological Capital of Entrepreneurs

Yong Wang, Cheng-Hung Tsai, Fu-Sheng Tsai, Wenyi Huang and Shareena Malapitan De la Cruz
Additional contact information
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

Sustainability, 2018, vol. 10, issue 10, 1-18

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.

Keywords: psychological capital; antecedents; consequences; structural equation modeling; entrepreneurs (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:10:p:3717-:d:176004

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