Positive psychological capital as a source of sustainable competitive advantage for organizations

Toor, S U R and Ofori, G (2010) Positive psychological capital as a source of sustainable competitive advantage for organizations. Journal of Construction Engineering and Management, 136(3), pp. 341-352. ISSN 0733-9364

Abstract

Psychological capital (PsyCap) has gained prominence as an important construct in leadership research. Comprising four factors (self-efficacy, hope, optimism, and resiliency), PsyCap is considered to be a vital factor for authentic leadership development and influence. The current study reports the results of a questionnaire survey that was conducted in the construction industry of Singapore. The survey explored the correlations of PsyCap with authenticity, leadership, and leadership outcomes. The results show that PsyCap significantly correlates with authenticity and transformational leadership. It was also found that transformational leadership plays a mediating role for PsyCap to predict leadership outcomes (effectiveness, extra effort, and satisfaction). The discussion in the paper also considers the implications of PsyCap for leadership development and effectiveness in general and in the context of the construction industry.

Item Type: Article
Uncontrolled Keywords: authenticity; leadership; leadership outcomes; organizations; psychological capital; sustainable development
Index terms: competitive advantage, Singapore, satisfaction, construction industry, self-efficacy, transformational leadership, leadership development, effectiveness, sustainable development, survey, leadership outcome, questionnaire
Subjects: project delivery, training, human factors and perception, data collection methods, industry analysis, leadership, market analysis, health safety and environment, Geography, management, performance management
Topics: Organizational Design, Human Resources, Quality Management, Project Management, Geographical Context, Research Practice, Health and Safety
Descriptive scope: 5 PCTEA

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here