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Annals of Organizational Culture, Leadership and External Engagement Journal

2022 Volume 3

Conceptualizing the Role of Psychological Capital in Entrepreneurship: A Systematic Review


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  1. Department of Organisation Studies, School of Social Sciences, Utrecht University, Utrecht, Netherlands.
  2. Department of Leadership and Change, Rotterdam School of Management, Erasmus University, Rotterdam, Netherlands.
Abstract

Individual psychological resources play a crucial role in entrepreneurial performance. Among these resources, psychological capital has increasingly been recognized as a foundational element of entrepreneurship, which has led to growing scholarly interest in examining the relationship between these two constructs. This study aims to review and synthesize the existing literature on psychological capital and entrepreneurship, while also identifying directions for future research in this emerging field. This study adopts a systematic literature review approach grounded in the PRISMA protocol and employs VOSviewer software to conduct cluster and network analyses. The review encompasses peer-reviewed articles published between 2013 and 2022, enabling the identification, classification, and examination of dominant research themes related to psychological capital within the entrepreneurship literature. The systematic analysis reveals strong integrative linkages between positive psychological capital and entrepreneurial activity, facilitating the development of a comprehensive overview of this research domain. Four major thematic clusters were identified, each highlighting ke trajectories in the literature. The findings emphasize recent theoretical and empirical contributions that position psychological capital as a critical resource supporting entrepreneurial processes and outcomes. By consolidating fragmented research, this systematic review enhances the theoretical robustness and empirical understanding of the relationship between psychological capital and entrepreneurship. Furthermore, it offers a structured perspective on the current entrepreneurship research agenda, serving as a foundation for advancing scholarly inquiry into the interaction between these constructs. The study also outlines several promising avenues for future research.


How to cite this article
Vancouver
de Vries SJ, Dijk MLV, Jansen IP, Smit PJ. Conceptualizing the Role of Psychological Capital in Entrepreneurship: A Systematic Review. Ann Organ Cult Leadersh Extern Engagem J. 2022;3:191-207. https://doi.org/10.51847/ED8vkzF4Wc
APA
de Vries, S. J., Dijk, M. L. V., Jansen, I. P., & Smit, P. J. (2022). Conceptualizing the Role of Psychological Capital in Entrepreneurship: A Systematic Review. Annals of Organizational Culture, Leadership and External Engagement Journal, 3, 191-207. https://doi.org/10.51847/ED8vkzF4Wc

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