Abstract

This paper draws from social cognitive theory using the work of Chen et al. (1998), and Tierney and Farmer (2002) to empirically explore the impact of task-specific self-efficacy on opportunity recognition. The primary objective is to expand upon previous research by DeKoning (1999) and Ozgen (2003) exploring sociocognitive influences of opportunity recognition. Findings from the study indicate that entrepreneurial self-efficacy and creative self-efficacy have a positive relationship with opportunity recognition perceptions, and creative self-efficacy has a positive relationship with opportunity recognition behaviors. Creative self-efficacy was also found to be a more influential predictor of opportunity recognition perceptions and behaviors.

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