Impact of Psychological Capacities on the Work-Life Balance of Entrepreneurs

Abstract

This study aims to examine the level of PsyCap and Work-life balance (WLB) of entrepreneurs in Bangalore city and also to determine the impact of PsyCap on their Work-life balance. The study is descriptive and empirical and the data was collected through the survey method. The questionnaire was divided into three portions. The first portion of the questionnaire comprised all the demographic questions. The second portion of the questionnaire comprised of the short version of the Psychological Capital scale (PCQ-24) developed by Luthans &Youssef, shorter version 2007 adapted by Ferreira. The third portion of the questionnaire comprised of 39-items Work-life Balance scale developed by Mathew & Panchanatham (2011). The PsyCap scale comprised of four sub-dimensions namely Hope, Efficacy, Resilience & Optimism (HERO). The Work-life Balance scale comprised of five sub-dimensions namely Role Overload, Quality of health, Dependent care, Time management & Support network. Through this study, the author intends to identify the mean scores of all the sub-dimensions of PsyCap and the Work-life balance of entrepreneurs. Cronbach alpha was used to measure the reliability of both scales. Some of the statistical tests used in the study to test the formulated hypothesis were Correlation analysis and Multiple Regression analysis.