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Construction Mechanism of Entrepreneurial Psychological Capital and Its Application in Entrepreneurial Practice
LIU Xinyi,CAO Zekang,LI Peng
1. Wuhan University of Technology, Wuhan, China;2. Huazhong University of Science and Technology, Wuhan, China

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Abstract  Using qualitative analysis methods and following the story line of “initial psychological capital, entrepreneurial psychological capital, entrepreneurial practice”, the whole process transformation mechanism of psychological capital stock and entrepreneurial psychological capital is deduced through semi-structured interviews. It is found that entrepreneurial psychological capital builds on psychological capital and is influenced by both unconscious external factors, feedback, and conscious cultivation of entrepreneurs as they grow. Entrepreneurial driving factors guide entrepreneurs to generate self-cognition, self-awakening, self-pursuit and self-planning, coupled with the promotion of entrepreneurial opportunities and entrepreneurial practices and other external factors, to promote the transformation of entrepreneurial psychological capital. Finally, the correction and reinforcement of entrepreneurial psychological capital can enhance the ability of entrepreneurs to use it.
Key wordsentrepreneurial psychological capital      qualitative research      serial entrepreneur      constructivism     
Received: 24 November 2022     
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LIU Xinyi
CAO Zekang
LI Peng
Cite this article:   
LIU Xinyi,CAO Zekang,LI Peng. Construction Mechanism of Entrepreneurial Psychological Capital and Its Application in Entrepreneurial Practice[J]. Chinese Journal of Management, 2023, 20(10): 1498-.
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http://manu68.magtech.com.cn/Jwk_glxb/EN/     OR     http://manu68.magtech.com.cn/Jwk_glxb/EN/Y2023/V20/I10/1498
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