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Entrepreneurial self-efficacy plays a significant role in entrepreneurial behavior process, which attracts more and more academic attention but keep its influence mechanism to be further discovered. The influence of entrepreneurial selfefficacy on entrepreneurial risk decision is discussed based on entrepreneurial decision and entrepreneurial self-efficacy related theories. This empirical study demonstrates that: i) entrepreneurial self-efficacy has positive effect on entrepreneurial decision; and ii) entrepreneurial self-efficacy has moderating effect on entrepreneurial risk propensity and entrepreneurial decision. Keywords—entrepreneurial risk perception; entrepreneurial self-efficacy; entrepreneurial decision making

Entrepreneurial Risk Perception and Entrepreneurial Decision: the Moderating Effect of Entrepreneurial Self-efficacy