Abstract : Start-up founders in developing economies operate under high uncertainty, financial constraints, and ecosystem instability. Prolonged stress often results in burnout, which may threaten venture survival. However, psychological capital, comprising hope, resilience, optimism, and self-efficacy may buffer these effects. This study investigates the relationship between founder burnout and venture sustainability, examining the mediating role of psychological capital (PsyCap) in start-up ecosystems within developing economies. Using a sample of 345 founders, Structural Equation Modeling (SEM) was applied to analyze causal relationships. The findings reveal that founder burnout negatively influences venture sustainability, while psychological capital significantly mediates this relationship. The study contributes to entrepreneurship literature by integrating psychological resilience constructs into venture sustainability models.
Cite : Wildan, M. A., & Imron, M. A. (2026). Founder Burnout, Psychological Capital And Venture Sustainability: A Study Of Start-Up Ecosystems In Developing Economies (1st ed., pp. 223-231). Noble Science Press. https://noblesciencepress.org/chapter/nspebeparddias2026ch-25
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