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

Abstract

Psychological capital (Psycap) is a condition of positive psychology (hope, efficacy, resilience, and optimism), which facilitates entrepreneurs to survive in running and reach success in their business. This research was intended to obtain the overviews of psycap and business success of Chinese, Minangnese, and Javanese entrepreneurs. There was a total of 207 entrepreneurs involved as respondents. There were two instruments used in this study: the Psychological Capital Scale and the Balanced Scorecard. Data analysis method applied to measure psychological capital  was a descriptive statistic. The result showed that Javanese entrepreneurs  had a very high level of psychological capital, while both Chinese and  Minangnese entrepreneurs hold on the same high degree. Meanwhile, the  data analysis regarding the successfulness of business showed that most  of the Javanese entrepreneurs reached a high level of success, Chinese entrepreneurs were average, and Minangnese entrepreneurs were low.