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Research has identified crucial antecedents of corporate entrepreneurship. Research has also identified crucial antecedents of entrepreneurial thinking. This article uses lessons from social cognition to explicitly link these two issues. [...]

The perceived likelihood of an event hinges on whether the event is a loss or gain, thus individuals who are led to believe that they are competent at decision-making see more opportunities in a risky venture and take more risks. On the other hand, those who are led to believe that they are not competent will perceive a choice as filled with threats and take fewer risks. This perception applies to firms as well, since executives who believe that they and their firm are very competent will take more risks and vice versa.

Entrepreneurship studies typically identify pre-existing entrepreneurs and ventures. Few follow the process from the idea stage to the ultimate decision to initiate the venture (Long & McMullan, 1984). Research on [...]

Perceptions of self-efficacy reported by 153 subjects were significantly associated with subsequent perceptions of situational opportunity and threat for two different exercises.