Influence of Psychological Capital on the Internationalization of Commercial Banks in Kenya
DOI:
https://doi.org/10.18059/jmi.v6i1.124Abstract
Globally, psychological capital among managers is an important component of global mindset that catapults the internationalization focus of commercial banks. However, conceptualization of the relationship between psychological capital and internationalization of commercial banks in the Kenyan context requires more studies. With this purview, this paper examined the relationship between psychological capital and internationalization of commercial banks in Kenya. The paper adopted positivism philosophical approach and applied cross-sectional descriptive research design. The target population was top and middle level managers of commercial banks in Kenya. Data was collected using a structured questionnaire and analyzed using Statistical Package for Social Sciences (SPSS) version 22.0. Both descriptive and inferential statistics were conducted. In addition, Structural Equation Modelling (SEM) was used to establish the influence of attributes of psychological capital on internationalization of commercial banks in Kenya. The findings established that psychological capital has a statistically significant influence on internationalization of commercial banks in Kenya. Psychological capital was considered to include; passion for diversity, quest for adventure, and self-assurance. It was concluded that psychological traits espoused in managers determine their contribution towards organizations’ ability to venture into international markets. Specifically, self-assurance, quest for adventure, and passion for diversity among managers largely contribute to their success rate in implementing internationalization strategies among commercial banks in Kenya.
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