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Entrepreneurial stress: the importance of psychological capital in the hospitality industry
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The current study investigated the importance of psychological capital in the hospitality industry from an entrepreneurial standpoint. Hence, the relationship between psychological capital and psychological distress, as well as the mediating role of challenge and threat appraisal was tested utilizing a sample of 175entrepreneurs, novice and nascent, who operate in one of the sub-sectors of the hospitality industry. As expected, the findings demonstrate a negative relationship between Psy Cap and psychological distress. Interestingly, however, this relationship is only partially mediated by threat appraisal. As such it appears that Psy Cap may act as a buffer against negative subjective wellbeing outcomes.
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Social entrepreneurship Organizational behavior Entreprenerueship Social impact Stress