Drawing from literatures on positive psychology we develop a model of the effects of psychological capital and entrepreneur’s goals on venture growth. Using a mediation analysis on data from 215 entrepreneurs in high-technology US manufacturing ventures, we find support for positive direct effects of psychological capital on venture growth. We also find that this positive effect is mediated by personal goal mechanisms. Implications for research and practice are discussed.
Drnovšek, Mateja; Patel, Pankaj C.; and Cardon, Melissa S.
"ENTREPRENEUR’S PSYCHOLOGICAL CAPITAL AND VENTURE GROWTH: TESTING THE GOAL MEDIATED RELATIONSHIPS,"
Frontiers of Entrepreneurship Research: Vol. 32
, Article 4.
Available at: http://digitalknowledge.babson.edu/fer/vol32/iss6/4