The influence of psychological capital on the growth intentions of entrepreneurs: A study on Malaysian SME entrepreneurs

Business and Economic Horizons Pub Date : 2017-01-01 DOI:10.15208/BEH.2017.38

Mohd Hizam Hanafiah, Sheikh Usman Yousaf, Bushra Usman

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引用次数: 14

Abstract

Growth of entrepreneurial ventures plays important role in a country’s economic development and entrepreneurs’ growth intention is considered as an important predictor of their venture growth. On the other hand, Psychological capital (PsyCap) is one such resource which can influence attitudes and behaviours like growth intentions of entrepreneurs. This study is aimed to investigate the relationship between psychological capital and growth intentions of entrepreneurs specifically in Malaysian context. The data was collected from 275 Malaysian SME entrepreneurs and Regression analysis reveals that PsyCap, as a core construct, positively and significantly influences the growth intentions of entrepreneurs. Further, it is also identified that two out of four dimensions of PsyCap (hope and self-efficacy) have significant and positive influence on entrepreneurs’ growth intentions. It is also revealed that PsyCap, as a core construct, more powerfully predicts the growth intentions as compared to its first order constructs separately. This finding highlights the significance of PsyCap as a core construct in entrepreneurial researches. It contributes knowledge to psychological capital and entrepreneurship literature and also has implications for existing and prospective entrepreneurs as well as government and private bodies.

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心理资本对企业家成长意愿的影响——以马来西亚中小企业企业家为例

创业企业的成长在一个国家的经济发展中起着重要的作用，企业家的成长意愿被认为是其创业成长的重要预测因素。另一方面，心理资本(PsyCap)就是这样一种资源，它可以影响企业家的态度和行为，如成长意图。本研究旨在探讨马来西亚企业家心理资本与成长意向之间的关系。对275名马来西亚中小企业企业家的数据进行了回归分析，发现PsyCap作为核心结构对企业家的成长意愿有显著的正向影响。此外，我们还发现PsyCap的四个维度中有两个(希望和自我效能)对企业家的成长意愿有显著的正向影响。研究还表明，PsyCap作为一个核心结构，比其单独的一阶结构更能有效地预测增长意图。这一发现凸显了PsyCap作为创业研究核心结构的重要性。它为心理资本和创业文献提供知识，并对现有和未来的企业家以及政府和私人机构产生影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.