Impact of Psychological Capital on Employees Job Satisfaction A Meta Analysis

The present study has been conducted with the purpose that there exists positive relationship between psychological capital and job satisfaction amongst the employees and the same has been revalidated and reaffirmed by this study. The study does not only prove validation of relationship between the variables but also examines the strength, its magnitude and direction of relationship through comprehensive quantitative empirical data obtained from earlier studies within the time frame of 2007 to 2023. For this study, meta-analysis statistical approach has been applied to combine quantitatively the eligible results of studies. A sample of 15 studies has been considered for meta-analysis to test correlation coefficient. Random effect model has been adopted to fit the data. To get the homogeneity in data average age as moderator has been introduced. The estimate of correlation ‘r’ in combined effect is 0.40 at 95% of Confidence Interval verifying the fact psychological capital is positively and significantly correlated with job satisfaction. Funnel plot approach applied for assessing publication biasness suggest that there is no publication biasness in the sample. Regression analysis of moderator reveals that R2 explains 5.93% of variance in the I2 that is percentage of variance in the sample.