Psychological Capital and Business Success of Chinese, Minangnese, and Javanese Entrepreneurs

Nofri, Andri; Ronauli, Puji Tania; Riyanti, Benedicta Prihatin Dwi

doi:10.21632/irjbs.12.2.157-166

Cited by 9 publications

(5 citation statements)

References 2 publications

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“…For instance, Fang et al (2020) found empirical evidence showing that social and psychological capital are linked to higher resilience during emergencies. Therefore, similar to earlier studies, this study confirms the favorable impact of psychological capital and social capital on entrepreneurial resilience (e.g., Andri et al, 2019;Chia & Liang, 2016;Tang, 2020).…”

Section: Discussionsupporting

confidence: 92%

“…As per Ajzen's Theory of Planned Behavior, an entrepreneurial mindset is influenced by attitudes, perceived control of behavior, and psychological attributes (Zaremohzzabieh et al, 2019). Similarly, Andri et al (2019) unearthed a symbiotic relationship between psychological capital and the performance of small businesses. All in all, the entrepreneurs' ability to cultivate and harness their psychological capital assumes an indispensable role in navigating the labyrinthine trials and enigmatic uncertainties that accompany the entrepreneurial journey, particularly in light of the COVID-19 epidemic.…”

Section: Psychological Capital Social Capital and Entrepreneurial Ent...mentioning

confidence: 99%

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Managing Stress and Building Resilience in Tourism and Hospitality Entrepreneurship: The Power of Psychological and Social Capital

Elshaer,

Khalifa,

Ben Guirat

et al. 2024

JoTS

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The aim of this study is to examine how psychological and social capital might help entrepreneurs in the tourism and hospitality industry manage stress and develop resilience. This study follows a unique approach aiming to determine the social and psychological characteristics that can alleviate stress and promote resilient behavior. This study investigates the impact of psychological capital (PC) and social capital (SC) on perceived entrepreneurial stress (PES) and entrepreneurial enterprises’ resilience (EER). Also, it examines the mediating role of PES. The study focuses specifically on owners/managers of fast-food outlets and travel agencies in Egypt, using purposive sampling to select enterprises that exhibit varying degrees of entrepreneurial resilience. PLS-SEM was used to analyze 411 genuine surveys from respondents who dared to delve into tourism and hospitality entrepreneurship and experienced uncertainties. All of the direct interactions, along with the indirect link between PC and EER via PES, were significant. Nonetheless, the indirect association between SC and EER via PES was not supported. Theoretically, this study fills a research gap by examining how psychological and social factors contribute to enhancing resilience among small businesses in the tourism and hospitality industry. Additionally, it advances the COR theory by underscoring the significance of individuals' access to valuable assets in stress management and resource resilience. In practical terms, it is important for entrepreneurs to practice the synthesis of different personality qualities that help them understand and adapt to the unique aspects of their industry. Additionally, Egyptian policymakers need to provide entrepreneurs with training in personality development.

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Section: Discussionsupporting

confidence: 92%

Section: Psychological Capital Social Capital and Entrepreneurial Ent...mentioning

confidence: 99%

Managing Stress and Building Resilience in Tourism and Hospitality Entrepreneurship: The Power of Psychological and Social Capital

Elshaer,

Khalifa,

Ben Guirat

et al. 2024

JoTS

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“…The Minang belief said, "Better to be a leader in a small group than to be a team member in a big company". This principle is the spirit of the work ethic of Minangnese people with strong independence at work (Andri et al, 2019). It is relevant to the work ethic of digital nomads.…”

Section: Do Malays Become Digital Nomads? a Cultural Adaptionist Viewmentioning

confidence: 98%

Digital Nomad Influence on Malay Work Ethics: Exploring Cultural Dynamics

Fahmi,

Rusli,

Sani

2024

jip

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The trend of digital nomadism has increased for several years, but limited studies examined digital nomadism from a work ethic view. This study explores the possibility of the Malays being digital nomads using Weber’s Work Ethic and Cultural Adaptationist approach. This study used a qualitative approach with a library research design. A qualitative study was conducted by scrutinizing literature related to digital nomads and Malays’ work ethic. Two primary keywords for obtaining data were “Digital Nomads” and “Malay Work Ethic”. After searching for these keywords, 127 articles, books, and reports were received and sorted again according to research purposes. The selected sources were subjected to thematic analysis to identify patterns, concepts, relations, and meanings gathered from the data. The results show that the Malays will potentially join the digital nomadism trend in the future, but they will preserve Islamic values as their work ethic principles. Digital nomads in the Malay region should adapt to local values to be accepted in local communities. This study contributes to the Malay World study in response to the globalization of the workplace.

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“…Despite the fact that there is little research into the influences that may contribute to the creation of psychological capital in small business owners, a small number of studies have started to look into its effect on their growth ambitions (Hizam-Hanafiah et al, 2017). For instance, Andri et al (2019) discovered that psychological capital was favorably linked to the success of small enterprises and that it explained a large portion of the variation in performance, in addition to conventional sources of financial, social, and human capital.…”

Section: Psychological Capital Microfinance and Mse Growthmentioning

confidence: 99%

Microfinance services and MSE growth in Pakistan: The mediating perspective of social and psychological capital

Jalil¹,

Ali²,

Zeeshan³

2022

JEMI

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PURPOSE: In the era of globalization and competition in a vigorous market, micro and small enterprises (MSEs) look for sustainable growth by consuming diverse resources. Previous studies have identified that financial services of microfinance are essential drivers for SMEs’ survival. Yet, the feature role of other microfinance services, such as micro-credit, micro-savings, micro-insurance, training, and social networking, to achieve substantial growth of the MSE sector is still lacking, which explains why MSEs make such a small contribution to Pakistan’s economy. Therefore, the main purpose of the research is to consider the impact of microfinance services on the growth of MSEs in Pakistan, as MSEs are the most vulnerable group in the country and throughout the world. Moreover, this study also identified the mediating role of social and psychological capital in enhancing the productivity of microfinance services for MSEs. METHODOLOGY: 770 respondents from metropolitan cities in Pakistan were contacted for the survey, and the response rate was 64%. After screening the data, only 357 questionnaires appeared to be completed in all respects, so they were initially fed into the computer spread and then imported for further analysis. Structured questionnaires were used to collect the data from 357 micro and small enterprises operating in the developing market of Pakistan. Derived hypotheses were verified through Structural Equation Modelling (SEM) using AMOS 21. FINDINGS: The study’s findings revealed that microfinance services have an essential role in promoting MSE growth. Microfinance institutions’ services, such as micro-credit, micro-savings, micro-insurance, and training, play an important role in the development of MSEs. Moreover, social and psychological capital are the crucial factors that partially mediate the relationship between microfinance services and MSE growth in Pakistan. The limitation of this study is the adaptation of a crosssectional design to collect the data. Longitudinal research at different time frames may present diversified results. IMPLICATIONS: The study gives the impression that institutions of microfinance, practitioners, and other policymakers should enhance their perimeter to offer microfinance services and support group-based lending or training to maximize their social and psychological capital, through which MSEs may be able to attain substantial growth. ORIGINALITY/VALUE: This empirical study contributes to the literature on microfinance services and MSE growth by focusing on the mediating effect of social and psychological capital, and providing the foundation for further studies.

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Psychological Capital and Business Success of Chinese, Minangnese, and Javanese Entrepreneurs

Cited by 9 publications

References 2 publications

Managing Stress and Building Resilience in Tourism and Hospitality Entrepreneurship: The Power of Psychological and Social Capital

Managing Stress and Building Resilience in Tourism and Hospitality Entrepreneurship: The Power of Psychological and Social Capital

Digital Nomad Influence on Malay Work Ethics: Exploring Cultural Dynamics

Microfinance services and MSE growth in Pakistan: The mediating perspective of social and psychological capital

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