Recent advancements in the theory of entrepreneurship include a range of discussions about the dynamic interactions of entrepreneurs and the nature and perception of entrepreneurial opportunity. To substantively capture both of these theoretical strains, we revisit and extend a conceptual...

New perspectives in entrepreneurship are emerging that view the concept of opportunity as central in the domain of entrepreneurship research. However, a robust understanding of how entrepreneurs and local institutions perceive opportunity in the community is still nascent in the empirical...