Informatics Publishing Limited

Keerti Dewal ¹, Satishchandra Kumar ¹

Affiliations
1 Department of Applied Psychology and Counseling Centre, University of Mumbai, Vidyanagari, Santacruz (East), Mumbai, IN

Abstract

With the rise in entrepreneurship and the challenges entrepreneurs have to face, their psychological well-being gets affected. One of the ways in which psychological well-being can be maintained is through psychological capital. The present research seeks to establish the effect psychological capital can have on psychological well-being of small-scale entrepreneurs. For this purpose, a sample of 124 entrepreneurs, from the city of Mumbai were selected. Data was collected using the survey method and was analyzed using the correlation and regression analysis method. Results indicated that psychological capital and psychological well-being have a significant positive relationship such that developing psychological capital can enhance the level of psychological well-being. The core construct of psychological capital was shown to have a greater impact of well-being than each of its components individually. Implications of the study and directions for further research have been discussed.

Keywords

Small-Scale Entrepreneurship, Psychological Capital, Psychological Well-Being.

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Keerti Dewal ¹, Satishchandra Kumar ¹

Affiliations
1 Department of Applied Psychology & Counseling Centre, University of Mumbai, Mumbai, Maharashtra, IN

Abstract

With the rise in entrepreneurship and the challenges entrepreneurs have to face, their psychological well-being gets affected. Personality factors have been seen to impact psychological well-being. This relationship is also mediated by other contributing factors. The present study was undertaken to determine the relationship between the big five personality traits and psychological well-being of entrepreneurs along with the mediating effect of psychological capital on the personality psychological well-being relationship. A sample of 124 entrepreneurs operating in the city of Mumbai was selected for the purpose. Data was collected using the survey method and correlation, regression and mediation analysis were performed to analyze the data. Results indicated personality traits and psychological capital are significantly positively related to psychological well-being of entrepreneurs. Psychological capital mediates the personality well-being relationship. Implications for educational and training purposes are discussed.

Keywords

Small-Scale Entrepreneurship, Personality Traits, Psychological Capital, Psychological Well-Being.

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