Positive mindset and entrepreneurial outcomes: the magical contributions of psychological resources and autonomy
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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Small Business & Entrepreneurship
Abstract
This paper applies self-determination theory (SDT) and psychological capital literature to examine the impact of psychological capital and autonomy on a number of entrepreneurial outcomes including entrepreneurs’ income, satisfaction, meaning in
life, and commitment to the entrepreneurial career path. The results from two studies reported in this paper support the proposition that a positive mindset (consisting of psychological resources) and a feeling of autonomy are essential for entrepreneurial success. We also found that entrepreneurs’ satisfaction mediates the effects of psychological capital, autonomy, as well as their interaction effects on commitment. In addition, the effects of psychological capital and autonomy on satisfaction were also moderated by level of income. The results have implications for entrepreneurship training and support interventions. The implications for research are also discussed
Description
Keywords
entrepreneurial outcomes, entrepreneurial success, psychological capital, psychological resources, self-determination theory
Citation
Martin Mabunda Baluku, Julius Fred Kikooma & Kathleen Otto (2018): Positive mindset and entrepreneurial outcomes: the magical contributions of psychological resources and autonomy, Journal of Small Business & Entrepreneurship, DOI: 10.1080/08276331.2018.1459017