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The Entrepreneurs’ Psychological Capital In New Ventures:an Empirical Study Of Efficiency And An Extention Of Development Model

Posted on:2014-06-29Degree:DoctorType:Dissertation
Country:ChinaCandidate:M ZhangFull Text:PDF
GTID:1109330467465482Subject:Business management
Abstract/Summary:PDF Full Text Request
The construction of entrepreneurial economy not only requires "have for, have not for" of the government and the social departments at the macro policy level and the cultural level, but also needs new ventures’ rapid growth and continuous activation and reasonable configuration of entrepreneurship. However, compared to the developed market economy, Chinese entrepreneurs have to act a dual role:as the traditional entrepreneur, they are the main one of founders of Chinese economic miracle; as the institutional entrepreneur, they are an important driving force for the transformation of Chinese society and the establishment of market economy. The double missions during the specific time and within the specific space and the main undertakers of growth of new ventures make Chinese entrepreneurs confront with great pressure. How to make Chinese entrepreneurs get out of the pressure dilemma and promote the development of entrepreneurial economy is a common topic to the government, entrepreneurs and scholars. Based on the above-mentioned practical background and referring the emerging positive psychology, positive organizational behavior and the existing research of other scholars, this paper systematically studies the efficacy and the development of the entrepreneurs’psychological capital.The core module1:The empirical study of efficacy of the entrepreneurs’ psychological capital. This module is to answer the "whether or not" and "how much" existence of the entrepreneurs’psychological capital. The conclusions of the module both laid the theoretical "legitimacy" and provide the empirical premise for the core module2which researches the development of the entrepreneurs’psychological capital.With NVP as the result variable and243new ventures in Hubei Province as the research sample, the paper exams the efficacy of the entrepreneurs’ psychological capital using SPSS and AMOS statistical analysis tools. The conclusions are:First, the entrepreneurs’psychological capital have significant positive influence on NVP and the variation which be explained by its four dimensions is different——the entrepreneurs’ self-efficacy is most, the entrepreneurs’ hope is second, the entrepreneurs’resilience is the least and the entrepreneurs’ optimism is not significant. Second, the entrepreneur’s psychological capital as a whole has more efficacies than the four individual dimensions. Third, there are significant differences under different levels of the entrepreneurs’psychological capital that the higher has more efficacies.The core module2:The extention of development model of the entrepreneurs’psychological capital. The core module2is the inevitable logical extension and the foothold of the core module1. The module is to answer how to develop the entrepreneurs’psychological capital.Based on the rigorous logic deduction and utility analysis, the main conclusions are:The first, the mainstream model--PCI model has such limitations in both development target and development costs that it is not suitable for developing the entrepreneurs’psychological capital. The Second, the extended model--E-PCI-S model to develop the entrepreneurs’ psychological capital, which integrates the macro and the micro development, the direct and the indirect development, the active and the passive development, differentiates itself from the PCI model in the development subject, the development object, the development level, the development dimension, the development method and the development effect. The third, due to the influences of the external environment on the entrepreneurs’psychological capital and the relationship of the different forms of entrepreneur’s capitals, E-PCI-S model has a solid theoretical foundation. The fourth, in order to develop Chinese entrepreneurs’ psychological capital based on E-PCI-S model, optimization of entrepreneurship environment and psychological capital intervention-substitution should be taken into account.Compared with the previous studies, the main innovation points are:this paper empirically examines the efficacy of entrepreneurs’psychological capital by the local sample and enriches the research of psychological capital and entrepreneurship; this paper creatively develops an extended model--E-PCI-S model which can effectively develop the entrepreneurs’psychological capital; this paper innovatively estimates opportunity costs in development of entrepreneurs’ psychological capital by PCI model taking utility analysis in human resources management as the basic model and the local emerging ventures as the sample; the measures of "optimization of entrepreneurship environment" and "psychological capital intervention-substitution" are put forward to develop the entrepreneurs’psychological capital considering the external environment and the entrepreneur’s capitals stock in China.This study not only has a certain theoretical value, but also can provide relevant decision references for the government and entrepreneurs. Due to the field of vision and the ability, there are certain limitations in the empirical research, the development and the whole. The empirical research should be further expanded, the efficacy mechanism of psychological capital should be explained and the development of the entrepreneurs’ psychological capital should be deepened in future research.
Keywords/Search Tags:psychological capital, entrepreneur, efficiency, new venture performance, development model
PDF Full Text Request
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