Limitations, Future Research, and Conclusion
The studies presented in this article have limitations to be mentioned. In both studies, we adopted reflective measurement models, meaning that a latent factor of psychological capital causes observed indicators of hope, efficacy, resilience, and optimism (cf. Bollen & Lennox, 1991). In substantive terms, this assumes that psychological capital involves underlying psychological processes that are common among personal resources, such that indicators of hope, efficacy, resilience, and optimism offer useful redundancy about this commonality (Edwards, 2011). Adoption of the reflective models approach followed the practice of previous research on psychological capital (Luthans et al., 2007a, b); thereby, our studies can be comparable with previous studies in this field, being the experience of Bpsychological strength^, the common psychological process that we believe underlies hope, efficacy, resilience, and optimism and justify the use of a reflective approach. Nevertheless, principles of formative measurement models (Bollen & Lennox, 1991) may also apply to address dimensionality of psychological capital. In this case, in contrast to reflective models, observed indicators of hope, efficacy, resilience, and optimism should be the causes of a psychological capital latent variable. In this approach, also known as composite models, multidimensionality of constructs is addressed by default, because useful redundancy about common underlying processes is not assumed, due to observed indicators comprising different and unique information that contribute to the latent variable examined.