The Relationship Between Entrepreneur Psychological Capital and New Venture Performance

15 Pages Posted: 4 Mar 2009  

Keith M. Hmieleski

Texas Christian University - M.J. Neeley School of Business

Jon C. Carr

University of Southern Mississippi

Abstract

The current study investigated the relationship between the psychological capital of entrepreneurs and the performance of their new ventures (i.e., revenue and employment growth). Entrepreneurs' psychological capital was found to explain a significant amount of variance in new venture performance, above and beyond measures of financial capital, human capital and social capital. Further, the relationship between psychological capital and new venture performance was found to be enhanced by environmental dynamism, such that the relationship is most positive when dynamism is high, as opposed to low.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Hmieleski, Keith M. and Carr, Jon C., The Relationship Between Entrepreneur Psychological Capital and New Venture Performance. Babson College, Babson College Entrepreneurship Research Conference (BCERC) 2008; Frontiers of Entrepreneurship Research, 2008. Available at SSRN: https://ssrn.com/abstract=1346023

Keith M. Hmieleski (Contact Author)

Texas Christian University - M.J. Neeley School of Business ( email )

Fort Worth, TX 76129
United States

Jon C. Carr

University of Southern Mississippi ( email )

Hattiesburg, MS 39406
United States
601-266-6545 (Phone)
601-266-4630 (Fax)

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