Explain the Role of Entrepreneurial Psychological Capital on New Venture Creation: Mediator Role of Entrepreneurial Intention (Case: Medical Equipment Companies)

Document Type : Research Article


1 Ph.D. Student, Faculty of Management & Accounting, University of Tehran, Iran

2 Professor, College of Farabi, University of Tehran, Qom, Iran

3 Professor, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran

4 Professor, Faculty of Management & Accounting, University of Shahid Beheshti, Tehran, Iran


In the literature on entrepreneurship, unlike financial, human, and social capital, no attention has been paid to the role of psychological capital in new venture creation. In fact, the lack of a link between the theory of psychological capital and the study of entrepreneurship has led to the lack of attention to the concept of entrepreneurial psychological capital. Moreover, given that entrepreneurial intention is a good predictor of entrepreneurial behavior (NVC), there is still insufficient understanding of the relationship between intent-behavior. Therefore, the purpose of this study is to explain the role of entrepreneurial psychological capital on new venture creation by mediating role of entrepreneurial intent. The data of this research were collected from a sample of 204 founders and cofounders of businesses in the medical equipment industry. Our sampling method was stratified random. Then we used structural equation modeling with the LISREL software to test our data. The main tool used in this research for data collection is a questionnaire. The content validity and validity of the construct were used to investigate the validity of the instrument and to evaluate its reliability; Cronbach's alpha coefficient and combined reliability were applied. Research findings showed that entrepreneurial psychological capital has a direct and positive impact on new venture creation. In addition, entrepreneurial psychological capital through the mediator variable of entrepreneurial intention indirectly affects the new venture creation.


Main Subjects

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