RT journal article T1 Who am I? An effectual perspective on the impact of psychological capital on the internationalization of academic spin offs A1 Fernández Alles, María de la Luz A1 Diánez González, Juan Pablo A1 Hernández Roque, Dara A1 Villanueva Flores, María Mercedes A2 Organización de Empresas K1 Effectual theory K1 Psychological capital K1 Academic spin-offs K1 Internationalization patterns AB The literature applying effectual logic to entrepreneurial activity is extensive. However, more effective researchneeds to be conducted to analyze international entrepreneurship in the specific context of academic spin-offs(ASOs). Prior research has mainly analyzed the effect of human capital and relational capital on internationalization.However, limited research has focused on their psychological capital (PsyCap). The PsyCap changes overtime due to the entrepreneur’s international experiences and the differences in PsyCap in different internationalizationpatterns. Therefore, the objective of the paper is twofold. First, to analyze whether there are differencesin the PsyCap of the academic entrepreneur between domestic ASOs and international ASOs. Second, toidentify differences in the PsyCap of entrepreneurs’ pre- and post-internationalization in international ASOs andwith different internationalization patterns. The results of hierarchical cluster analysis, analysis of variance(ANOVA), and post-hoc tests conclude, first, that there are no differences in the PsyCap of academic entrepreneursin domestic ASOs and international ASOs, except for one of its dimension, optimism, which is moreprominent for international ASOs. Second, in all internationalized ASOs, there are differences in the PsyCap ofthe academic entrepreneur if we compare the stage of creation with the current stage. However, optimism issimilar in both stages. Third, comparing PsyCap in different internationalization patterns, there are differences inthe PsyCap of academic entrepreneurs from one stage to another. PsyCap grows in Uppsala and Born Global (BG)ASOs but decreases in de-internationalized ASOs, which follow a non-linear pattern. Finally, self-efficacy is a keypsychological dimension for de-internationalized ASOs. PB Elsevier SN 2444-8834 YR 2026 FD 2026 LK http://hdl.handle.net/10498/37605 UL http://hdl.handle.net/10498/37605 LA eng DS Repositorio Institucional de la Universidad de Cádiz RD 08-nov-2026