The Impact of Psychological Capital on Entrepreneurship in Agriculture

Abstract

The aim of this study is to identify the psychological capital characteristics of agricultural entrepreneurship. Different factors influencing entrepreneurial behaviour were gathered from the relevant literature and were formulated as hypotheses to be tested based on an analysis of data obtained from a survey of 516 respondents, directly involved in agricultural ventures. These psychological capital factors, considered to be important in early-stage entrepreneurial activity, were evaluated using Partial Least Squares (PLS). The results show that Hope, Self-efficacy and Resilience were significant factors influencing Entrepreneurship, although the influence of resilience was indirect rather than direct. To the researcher’s knowledge, no previous study has specifically adopted an integrated approach demonstrating the effects of psychological capital on agricultural entrepreneurship.