Exploring the Relationship between Psychological Capital and Entrepreneurial Success
Year: 2018
Type: preprint
Study design: Observational Study
Abstract: Purpose: The purpose of the present paper is to explore the relationship between the psychological capital and entrepreneurial success among MSME entrepreneurs using correlation technique.
Design/methodology/approach: The hypotheses were tested using a cross sectional research design. Systematic Random sampling technique was adopted in selecting the 367 MSME entrepreneurs of manufacturing sector in Coimbatore district.
Finding: Results of the correlation analysis revealed that there existed a moderate positive relationship between the psychological capital and entrepreneurial success, further the results revealed that the relationship was high among the entrepreneurs of partnership firm and among first generation entrepreneurs. Additionally the results also showed that gender of the entrepreneurs did not differ in their perception towards psychological capital and entrepreneurial success.
Practical implications: Based on the study, the results implied that MSME entrepreneurs pursuing success must strive to cultivate high level of psychological capital as the psychological resources are key determinants of entrepreneurial success among MSMEs entrepreneurs in Coimbatore district.
Originality/value: The original contribution of the paper suggests that the Entrepreneur’s Psychological Capital is measured using the Psychological Capital Questionnaire (PCQ) and results highlighted that the psychological capital is significantly related and plays a high influence towards the MSMEs entrepreneurial success in the Indian context, especially Coimbatore district.
Source: SSRN Electronic Journal
Authors: V Maria Tresita Paul, Maria Tresita
Institution: Bharathiar University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3175231111