Journal of Management Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Control Beliefs and Positive Psychological Capital


Affiliations
1 Texas A&M University - Commerce Management Department, College of Business & Technology Texas A&M University-Commerce P.O. Box 3011, Commerce, TX, 75429
     

   Subscribe/Renew Journal


Entrepreneurs have been portrayed in a positive light as being dreamers, opportunity seekers, resilient, optimistic, and self- confident. The search for understanding the lens through which nascent entrepreneurs approach or perceive opportunities is a cornerstone of entrepreneurship research carrying significant practical implications. An important step in understanding how nascent entrepreneurs perceive opportunities is by understanding their perception of control over their environment. While the constructs that form the psychological capital construct, hope, resilience, optimism, and self-efficacy are all revered characteristics and highly associated with entrepreneurs, the consequences of these being applied to situations where the individual actually has a misplaced sense of control may have dire consequences.

Keywords

Nascent Entrepreneur, Control Beliefs, Psychological Capital, Opportunity Recognition
User
Notifications

  • Ajzen, I. (1991), The Theory of Planned Behavior, Organizational Behavior and Human Decision Processes, 50: 179-211.

  • Arenius, P. and Minniti, M. (2005), Perceptual Variables and Nascent Entrepreneurs, Small Business Economics, 24: 233-247.

  • Avey, J., Luthans, F. and Youssef, C. (2010), The Additive Value of Positive Psychological Capital in Predicting Work Attitudes and Behaviors, Journal of Management, 36: 430-452.

  • Bagozzi, R. (1989), An Investigation of the Role of Affective and Moral Evaluations in the Purposeful Behavior Model of Attitude, British Journal of Social Psychology, 25: 97-113.

  • Bandura, A. (1986), Social Foundations of Thought and Action: A Social Cognitive Theory, Prentice Hall, Englewood Cliffs, NJ.

  • Baron, R. (2002), OB and Entrepreneurship: The Reciprocal Benefits of Closer Conceptual Links, Research in Organzational Behavior, 24: 225-269.

  • Carter, N., Gartner, W. and Reynolds, P. (1996), Exploring Start-up Event Sequences, Jounral of Business Venturing, 11: 151-166.

  • Cassar, G. (2010), Are Individuals Entering Self-employment Overy Optimistic? An Empirical Test of Plans and Projections on Nascent Entrepreneur Expectations, Strategic Management Journal, 39: 822-840.

  • Chen, C., Greene, P. and Crick, A. (1998), Does Entrepreneurial Self-efficacy Distinguish Entrepreneurs from Managers? Journal of Business Venturing, 13: 295-316.

  • Cooper, A., Woo, C. and Dunkelberg, W. (1988), Entrepreneurs’ Perceived Chances for Success, Journal of Business Venturing, 3:97-108.

  • De Carolis, D. M. and Saparito, P. (2006), Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework, Entrepreneurship Theory and Practice, 41-56.

  • Delmar, F. and Davidsson, P. (2000), Where Do They Come From? Prevalence and Characteristics of Nascent Entrepreneurs, Entrepreneurship and Regional Development, 12: 1-23.

  • Harmeling, S. S., Sarasvathy, S. D. and Freeman, R. E. (2009), Related Debates in Ethics and Entrepreneurship: Values, Opportunities and Contingency, Journal of Business Ethics, 84: 341-365.

  • Hills, G. and Shrader, R. (1998), Successful Entrepreneurs’ Insights into Opportunity Recognition, In Reynolds, P., Bygrave, W., Carter, N., Manigart, S., Mason, C. Meyer, G. et al., Frontiers of Entrepreneurship Research, pp. 30-43, Babson College, Wellesley, MA.

  • Horswill, M. and McKenna, F. (1999), The Effect of Perceived Control on Risk Taking, Journal of Applied Social Psychology, 29:377-391.

  • Jensen, S. and Luthans, F. (2006), The Relationship between Entrepreneurs’ Psychological Capital and Authentic Leadership Dimensions, Journal of Managerial Issues, 18: 254-273.

  • Kahneman, D. and Lovallo, D. (1993), Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking, Management Science, 39: 17-31.

  • Keh, H., Foo, M. and Lim, B. (2002), Opportunity Evaluation under Risky Conditions: The Cognitive Process of Entrepreneurs, Entrepreneurship Theory and Practice, 27: 125-148.

  • Klein, C. and Helweg-Larsen, M. (2002), Perceived Control and the Optimism Bias: A Meta-analytic Review, Psychology and Health, 17: 437-446.

  • Krueger Jr, N. (2000), The Cognitive Infrastructure of Opportunity Emergence, Entrepreneurship Theory and Practice, 24: 9-27.

  • Langer, E. (1975), The Illusion of Control, Journal of Personality and Social Psychology, 32: 311-328.

  • Luthans, F. (2002), The Need for and Meaning of Positive Organizational Behavior, Journal of Organizational Behavior, 23: 695-706.

  • Luthans, F. and Youssef, C. (2007), Emerging Positive Organizational Behavior, Journal of Management, 33: 321-349.

  • Luthans, F., Avolio, B., Avey, J. and Norman, S. (2007), Positive Psychological Capital: Measurement and Relationship with Performance and Satisfaction, Personnel Psychology, 60: 541-572.

  • Macko, A. and Tyszka, T. (2009), Entrepreneurship and Risk Taking, Applied Psychology: An International Review, 1-19.

  • McMullen, J. and Shepherd, D. (2006), Entrepreneurial Action and the Role of Uncertainty in the Theory of the Entrepreneur, Academy of Management Review, 31: 132-152.


Abstract Views: 578

PDF Views: 5




  • Control Beliefs and Positive Psychological Capital

Abstract Views: 578  |  PDF Views: 5

Authors

Mario Hayek
Texas A&M University - Commerce Management Department, College of Business & Technology Texas A&M University-Commerce P.O. Box 3011, Commerce, TX, 75429

Abstract


Entrepreneurs have been portrayed in a positive light as being dreamers, opportunity seekers, resilient, optimistic, and self- confident. The search for understanding the lens through which nascent entrepreneurs approach or perceive opportunities is a cornerstone of entrepreneurship research carrying significant practical implications. An important step in understanding how nascent entrepreneurs perceive opportunities is by understanding their perception of control over their environment. While the constructs that form the psychological capital construct, hope, resilience, optimism, and self-efficacy are all revered characteristics and highly associated with entrepreneurs, the consequences of these being applied to situations where the individual actually has a misplaced sense of control may have dire consequences.

Keywords


Nascent Entrepreneur, Control Beliefs, Psychological Capital, Opportunity Recognition

References