Positive Psychological Capital: A Preliminary Exploration Of The Construct Page, Liam F. Donohue, Ross 10.4225/03/5934f65813474 https://bridges.monash.edu/articles/journal_contribution/Positive_Psychological_Capital_A_Preliminary_Exploration_Of_The_Construct/5073628 Positive psychological capital (PPC) provides a framework that enables scholars to extend current research into positive organisational behaviour (POB). The construct, which comprises self-efficacy, hope, optimism, and resiliency, was introduced by Luthans, Luthans, and Luthans (2004) as a measure comparable and complimentary to measures of human (or intellectual), social and traditional physical capital. This paper explores the rationale behind positive psychological capital, reviewing the model with a specific focus on the clarifying the distinctive value of component constructs, and further, on clarifying the criteria by which additional states might be assessed for inclusion in the theory; trust is briefly assessed under these criteria as a potential addition to the model. To conclude, an agenda for future research is outlined. 2017-06-05 06:12:38 positive psychological capital positive psychology monash:2546 optimism self-efficacy positive organizational scholarship 2004 1959.1/2546 resilience hope