A Study of Psychological Capital

The psychological capital includes four fundamental parts: Confidence (CO), optimism (OP), resiliency (RE), and hope (Luthans et al., 2007) [10]. According to Luthans et al. (2007) [10], psychological capital is a source of both experiential and cognitive motivators. Studies on psychological capital have been carried out mainly in developed countries by Luthans et al (2007) [10]. In developing countries, for example Vietnam, research on psychological capital has not been mentioned much or fully. It extends beyond social capital and human capital to create profitability. Psychological capital is a basic psychological aspect of positivity in general and criteria of positive financial conduct that are important to states in particular. Investment in who you are can provide you a competitive edge (Luthans et al., 2004) [8]. Human nature and a healthy psychological state are both components of psychological capital (Avey et al., 2009) [2]. This study discusses psychological capital based on theories such as the theory of psychology, the theory of organizational behavior, the theory of orientation and social cognition, cognitive mediation theory, the theory of expanding and building positive emotions, and the theory of employee psychological capital. This article presents the theoretical basis through a review of existing literature and related studies and provides more specific directions for further empirical analysis. This research has many practical implications and contributes to perfecting the theoretical framework on psychological capital in Vietnam today.