IDEAS home Printed from https://ideas.repec.org/a/spr/intemj/v21y2025i1d10.1007_s11365-024-01064-3.html
   My bibliography  Save this article

Risk-taking, knowledge, and mindset: unpacking the antecedents of entrepreneurial intention

Author

Listed:
  • Andrea Caputo

    (University of Trento
    University of Lincoln)

  • Vu Huu Anh Nguyen

    (National Cheng Kung University & Nanhua University)

  • Silvia Delladio

    (University of Trento)

Abstract

This paper expands the existing literature on entrepreneurial intentions by employing the integrated model of external factors, personality characteristics, the theory of planned behavior, and social cognitive theory to explore the effects of risk-taking, entrepreneurial knowledge, entrepreneurial mindset, and cognitive antecedents on entrepreneurial intention. Adopting a cross-sectional approach, this study collected data from 422 respondents using questionnaires, and the findings were analyzed using partial least squares-structural equation modeling. The results suggest that risk-taking is closely related to opportunities and shapes entrepreneurial self-efficacy; entrepreneurial knowledge is crucial in developing entrepreneurial intention by shaping cognitive antecedents. The effect mechanism of the entrepreneurial mindset can change the coping defense mechanism by boosting attitude and self-confidence. Attitude towards entrepreneurship is one of the best factors in driving entrepreneurial intention and will subsequently directly affect behavior. Unleashing entrepreneurial competencies is vital for enhancing entrepreneurial intention. Furthermore, entrepreneurial passion can act as a moderator among attitudes toward entrepreneurship, entrepreneurial self-efficacy, and entrepreneurial intention. The findings also provide seminal insights into external factors, cognitive antecedents, and entrepreneurial intentions for policymakers to design education programs.

Suggested Citation

  • Andrea Caputo & Vu Huu Anh Nguyen & Silvia Delladio, 2025. "Risk-taking, knowledge, and mindset: unpacking the antecedents of entrepreneurial intention," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-29, December.
  • Handle: RePEc:spr:intemj:v:21:y:2025:i:1:d:10.1007_s11365-024-01064-3
    DOI: 10.1007/s11365-024-01064-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11365-024-01064-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s11365-024-01064-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michael H. Morris & Justin W. Webb & Jun Fu & Sujata Singhal, 2013. "A Competency‐Based Perspective on Entrepreneurship Education: Conceptual and Empirical Insights," Journal of Small Business Management, Taylor & Francis Journals, vol. 51(3), pages 352-369, July.
    2. Carolin Palmer & Ulrike Fasbender & Sascha Kraus & Stephanie Birkner & Norbert Kailer, 2021. "A chip off the old block? The role of dominance and parental entrepreneurship for entrepreneurial intention," Review of Managerial Science, Springer, vol. 15(2), pages 287-307, February.
    3. repec:taf:entreg:v:23:y:2011:i:3-4:p:187-215 is not listed on IDEAS
    4. Sanja Pfeifer & Nataša Šarlija & Marijana Zekić sušac, 2016. "Shaping the Entrepreneurial Mindset: Entrepreneurial Intentions of Business Students in Croatia," Journal of Small Business Management, Taylor & Francis Journals, vol. 54(1), pages 102-117, January.
    5. Gupta, Parul & Chauhan, Sumedha & Paul, Justin & Jaiswal, M.P., 2020. "Social entrepreneurship research: A review and future research agenda," Journal of Business Research, Elsevier, vol. 113(C), pages 209-229.
    6. Tim R. Holcomb & R. Duane Ireland & R. Michael Holmes Jr. & Michael A. Hitt, 2009. "Architecture of Entrepreneurial Learning: Exploring the Link among Heuristics, Knowledge, and Action," Entrepreneurship Theory and Practice, , vol. 33(1), pages 167-192, January.
    7. Virginia Fernández-Pérez & Ana Montes-Merino & Lázaro Rodríguez-Ariza & Patricia Esther Alonso Galicia, 2019. "Emotional competencies and cognitive antecedents in shaping student’s entrepreneurial intention: the moderating role of entrepreneurship education," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 281-305, March.
    8. Xin-Hai Wang & Xiang You & Hsuan-Po Wang & Bo Wang & Wen-Ya Lai & Nanguang Su, 2023. "The Effect of Entrepreneurship Education on Entrepreneurial Intention: Mediation of Entrepreneurial Self-Efficacy and Moderating Model of Psychological Capital," Sustainability, MDPI, vol. 15(3), pages 1-20, January.
    9. Ying-Kai Liao & Vu Huu Anh Nguyen & Andrea Caputo, 2022. "Unveiling the role of entrepreneurial knowledge and cognition as antecedents of entrepreneurial intention: a meta-analytic study," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1623-1652, December.
    10. Andrea Caputo & Rosa Lombardi & Farah Akeel & Haneen Almallah & Basma Dakkak & Nadia Quabbaj, 2016. "Youth employment in start-up ventures in Jordan: an exploratory study," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 28(4), pages 468-491.
    11. Zarefard, Motahareh & Eui Cho, Sung, 2018. "Entrepreneurs Managerial Competencies and Innovative Start-Up Intentions in University Students: Focus On Mediating Factors," International Journal of Entrepreneurship, Allied Business Academies, vol. 22(2), May.
    12. Nguyen Dong Phong & Nguyen Thuy Phuong Thao & Nguyen Phong Nguyen, 2020. "Entrepreneurial intent of business students: Empirical evidence from a transitional economy," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1747962-174, January.
    13. KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
    14. Christiane Naumann, 2017. "Entrepreneurial Mindset: A Synthetic Literature Review," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 149-172.
    15. Kyriakopoulos, Panagiotis & Herbert, Kendall & Piperopoulos, Panagiotis, 2024. "I am passionate therefore I am: The interplay between entrepreneurial passion, gender, culture and intentions," Journal of Business Research, Elsevier, vol. 172(C).
    16. Kathryn Densberger, 2014. "The Self-Efficacy and Risk-Propensity of Entrepreneurs," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 437-462.
    17. Altaf Hussain Samo & Norashidah Hashim, 2016. "The Impact of Entrepreneurial Alertness on Entrepreneurial Intentions," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 1(6), pages 7-11, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cai Li & Majid Murad & Hassnain Javed & Saba Fazal Firdousi & Sheikh Farhan Ashraf, 2021. "An empirical investigation on the relationship between individual traits and entrepreneurial business intentions: measuring a mediation effect of entrepreneurial self-efficacy through partial least sq," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 533-549, December.
    2. Ying-Kai Liao & Vu Huu Anh Nguyen & Andrea Caputo, 2022. "Unveiling the role of entrepreneurial knowledge and cognition as antecedents of entrepreneurial intention: a meta-analytic study," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1623-1652, December.
    3. Hina Munir & Miao Wang & Sidra Ramzan & Umar Farooq Sahibzada & Cai Jianfeng, 2021. "Disentangling the effect of personal abilities and socio-demographic variables on entrepreneurial intentions: implications for entrepreneurship pedagogy," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 53-69, December.
    4. Chiara Cannavale & Giorgia Rivieccio & Lorenza Claudio & Iman Zohoorian Nadali, 2025. "The translation of latent into actual entrepreneurship: the impact of GE," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-28, December.
    5. Meoli, Azzurra & Fini, Riccardo & Sobrero, Maurizio & Wiklund, Johan, 2020. "How entrepreneurial intentions influence entrepreneurial career choices: The moderating influence of social context," Journal of Business Venturing, Elsevier, vol. 35(3).
    6. Ching Yin Ip & Chaoyun Liang, 2023. "Would customers of social enterprises become social entrepreneurs?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1454-1464, April.
    7. Quoc Hoang Thai & Khuong Ngoc Mai, 2024. "Entrepreneurial traits: a systematic literature review," Management Review Quarterly, Springer, vol. 74(4), pages 2717-2785, December.
    8. Najmul Hoda & Naim Ahmad & Shankar Lal Gupta & Mohammad Mahtab Alam & Irfan Ahmad, 2021. "Application of Entrepreneurial Intention Model in Comparative International Entrepreneurship Research: A Cross-Cultural Study of India and Saudi Arabia," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
    9. Mmakgabo Justice Malebana & Nkosinathi Henry Mothibi, 2023. "Relationship between prior entrepreneurship exposure and entrepreneurial intention among secondary school learners in Gauteng, South Africa," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-20, December.
    10. Lizette Huezo-Ponce & Virginia Fernández-Pérez & Lázaro Rodríguez-Ariza, 2021. "Emotional competencies and entrepreneurship: modeling universities," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1497-1519, September.
    11. Phuong Ngoc-Duy Nguyen & Huan Hong Nguyen, 2024. "Examining the Role of Family in Shaping Digital Entrepreneurial Intentions in Emerging Markets," SAGE Open, , vol. 14(1), pages 21582440241, March.
    12. Burnell, Devin & Neubert, Emily & Fisher, Greg & Marvel, Matthew R. & Stevenson, Regan & Kuratko, Donald F., 2024. "Entrepreneurial hustle: Scale development and validation," Journal of Business Venturing, Elsevier, vol. 39(4).
    13. Gabrielsson, Jonas & Galan, Nataliya & Politis, Diamanto, 2025. "Learning pathways to entrepreneurial passion in venture creation programs: A configurational study of experiential and temporal conditions," Journal of Business Research, Elsevier, vol. 186(C).
    14. Takawira Munyaradzi Ndofirepi, 2022. "Entrepreneurship goal and implementation intentions formation: the role of higher education institutions and contexts," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-22, December.
    15. Hina Munir & Cai Jianfeng & Wang Miao & Sidra Ramzan, 2019. "Human Capital and Theory of Planned Behavior: Unraveling Entrepreneurial Intentions of IT Students in Pakistan," Journal of Entrepreneurship and Business Innovation, Macrothink Institute, Journal of Entrepreneurship and Business Innovation, vol. 6(2), pages 1-23, December.
    16. Gry Alsos & Gustav Hägg & Mats Lundqvist & Diamanto Politis & Martin Stockhaus & Karen Williams-Middleton & Kari Djupdal, 2023. "Graduates of venture creation programs – where do they apply their entrepreneurial competencies?," Small Business Economics, Springer, vol. 60(1), pages 133-155, January.
    17. Philip T. Roundy, 2017. "Hybrid organizations and the logics of entrepreneurial ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1221-1237, December.
    18. Feng Liu & Guimei Yang & Putthiwat Singhdong, 2024. "A Moderated Mediation Model of Entrepreneurship Education, Competence, and Environmental Dynamics on Entrepreneurial Performance," Sustainability, MDPI, vol. 16(19), pages 1-19, September.
    19. H. M. S. V. Silva & Professor (Mrs.) M.D. Pushpakumari & Professor B.Nishantha, 2023. "Personal Factors, Contextual Factors, Entrepreneurial Intention, And Nascent Entrepreneurial Behavior: A Systematic Literature Review," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(4), pages 1499-1516, April.
    20. Laspita, Stavroula & Sitaridis, Ioannis & Kitsios, Fotis & Sarri, Katerina, 2023. "Founder or employee? The effect of social factors and the role of entrepreneurship education," Journal of Business Research, Elsevier, vol. 155(PA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:intemj:v:21:y:2025:i:1:d:10.1007_s11365-024-01064-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.