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Psychological CapitalDeveloping the Human Competitive Edge$
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Fred Luthans, Carolyn M. Youssef, and Bruce J. Avolio

Print publication date: 2006

Print ISBN-13: 9780195187526

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195187526.001.0001

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Introduction to Psychological Capital

Introduction to Psychological Capital

Chapter:
(p.3) CHAPTER 1 Introduction to Psychological Capital
Source:
Psychological Capital
Author(s):

Fred Luthans (Contributor Webpage)

Carolyn M. Youssef (Contributor Webpage)

Bruce J. Avolio

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195187526.003.0001

This introductory chapter provides the meaning and overview of psychological capital or PsyCap. After first providing the current perspective and need for PsyCap, attention is given to the contributions of positive psychology, positive organizational scholarship (POS), and positive organizational behavior (POB). Particular emphasis is given to the POB definitional inclusion criteria of theory, research, measurement, “state-like” development, and performance impact. The balance of the chapter then introduces the criteria-meeting positive resource capacities of self-efficacy (confidence), hope, optimism, and resiliency and, when combined, the second-order, core construct of psychological capital. The concluding sections support psychological capital as a type of psychological resource theory, how it is measured and developed, and future directions for research and practice.

Keywords:   confidence, efficacy, hope, optimism, positive organizational behavior, positive organizational scholarship, positive psychology, PsyCap, psychological resource theory, resiliency

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