Psychological capital and entrepreneurial outcomes: the moderating role of social competences of owners of microenterprises in East Africa
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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Global Entrepreneurship Research
Abstract
Business success arises out of the total investments in the venture. This is not limited
to tangible inputs such as financial capital, but on intangible resources as well.
Entrepreneurship is a highly stressing occupation involving undertaking risks and
often demanding workloads; hence requiring mental inputs (psychological capital).
Moreover, the entrepreneurial job also involves doing business with other people of
different statuses including investors, partners, customers, and employees; hence
requiring the entrepreneur to exhibit a great deal of social competence to relate
with others. Using two independent studies, we assess the contribution of
psychological capital and social competence, as well as their interaction to
entrepreneurial outcomes including performance (Study 1), and entrepreneurs’
wellbeing, satisfaction, and commitment to their entrepreneurial career role (Study
2). Study 1 uses a sample of 102 owner-managers or managers of small companies
in Uganda. In this study, entrepreneurs’ social competence is measured as the
relationship between entrepreneurs and their employees. Study 2 uses a sample of
228 young self-employed individuals in Uganda and Kenya; and operationalizes
social competence via social intelligence. The results were consistent with our
assumptions, highlighting the relevance of both psychological capital and social
competence to entrepreneurial outcomes. Yet their interaction also has substantial
impact on all outcomes examined in these studies.
Description
Keywords
Commitment to entrepreneurship, Entrepreneurial outcomes, Performance, Psychological capital, Psychological resources
Citation
Baluku, M. M., Kikooma, J. F., Bantu, E., & Otto, K. (2018). Psychological capital and entrepreneurial outcomes: the moderating role of social competences of owners of micro-enterprises in East Africa. Journal of Global Entrepreneurship Research, 8(1), 1-23. https://doi.org/10.1186/s40497-018-0113-7