Investigating the role of harnessing the psychological capital of leader in developing the psychological capital of employees: The moderating role of employee's perception of transformational leadership

How psychological capital (PsyCap) can be developed in organizations, is the left side of PsyCap studies. A conceptual model of developing PsyCap of employees by harnessing the PsyCap of leader has been developed in this article that Employees’ Perception of Transformational Leadership (EPTL) plays a moderator role in this model. Because of key role of EPTL in this model, 33 start-ups or changing organizations in Tehran, Alborz, Isfahan, and Azerbayjan Gharbi were studied, and questionnaires have distributed among 142 managers and 573 employees. The results of structural equations modeling (SEM) verified the relation of EPTL and developing the PsyCap of themselves. Considering to the results of this study, some implications and practical guides to the managers who want to develop PsyCap in their organizations will be offered.