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Data replication and extension: A study of business planning and venture-level performance

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  • Honig, Benson
  • Samuelsson, Mikael

Abstract

We longitudinally examine outcomes of entrepreneurial business planning to assess effectiveness. Both data replication and extension are used to examine previously published research. Our sample consists of 623 nascent ventures that we follow for more than ten years – from 1998 to 2010. Our findings highlight the importance of data replication, data extension, and sample selection bias. We not only add to the debate regarding the merits or liabilities of planning, but also contribute to evaluating normative research and publication standards by re-examining past research using more comprehensive data and an extended time frame.

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  • Honig, Benson & Samuelsson, Mikael, 2014. "Data replication and extension: A study of business planning and venture-level performance," Journal of Business Venturing Insights, Elsevier, vol. 1, pages 18-25.
    • Handle: RePEc:eee:jobuve:v:1-2:y:2014:i::p:18-25
    DOI: 10.1016/j.jbvi.2014.09.006
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    References listed on IDEAS

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    1. Frédéric Delmar & Scott Shane, 2003. "Does business planning facilitate the development of new ventures?," Strategic Management Journal, Wiley Blackwell, vol. 24(12), pages 1165-1185, December.
    2. Brinckmann, Jan & Grichnik, Dietmar & Kapsa, Diana, 2010. "Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning-performance relationship in small firms," Journal of Business Venturing, Elsevier, vol. 25(1), pages 24-40, January.
    3. Katz, Jerome A., 2003. "The chronology and intellectual trajectory of American entrepreneurship education: 1876-1999," Journal of Business Venturing, Elsevier, vol. 18(2), pages 283-300, March.
    4. Yang, Tiantian & Aldrich, Howard E., 2012. "Out of sight but not out of mind: Why failure to account for left truncation biases research on failure rates," Journal of Business Venturing, Elsevier, vol. 27(4), pages 477-492.
    5. Shane, Scott & Delmar, Frederic, 2004. "Planning for the market: business planning before marketing and the continuation of organizing efforts," Journal of Business Venturing, Elsevier, vol. 19(6), pages 767-785, November.
    6. Delmar, Frederic & Shane, Scott, 2004. "Legitimating first: organizing activities and the survival of new ventures," Journal of Business Venturing, Elsevier, vol. 19(3), pages 385-410, May.
    7. Donald F. Kuratko, 2005. "The Emergence of Entrepreneurship Education: Development, Trends, and Challenges," Entrepreneurship Theory and Practice, , vol. 29(5), pages 577-597, September.
    8. Vesper, Karl H. & Gartner, William B., 1997. "Measuring progress in entrepreneurship education," Journal of Business Venturing, Elsevier, vol. 12(5), pages 403-421, September.
    9. Karlsson, Tomas & Honig, Benson, 2009. "Judging a business by its cover: An institutional perspective on new ventures and the business plan," Journal of Business Venturing, Elsevier, vol. 24(1), pages 27-45, January.
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    Citations

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    Cited by:

    1. Gilbert-Saad, Antoine & Siedlok, Frank & McNaughton, Rod B., 2018. "Decision and design heuristics in the context of entrepreneurial uncertainties," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 75-80.
    2. Caliendo, Marco & Rodriguez, Daniel, 2023. "Divergent Thinking and Post-Launch Entrepreneurial Outcomes: Non-Linearities and the Moderating Role of Experience," IZA Discussion Papers 16443, Institute of Labor Economics (IZA).
    3. Katrin M. Smolka & Ingrid Verheul & Katrin Burmeister–Lamp & Pursey P.M.A.R. Heugens, 2018. "Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance," Entrepreneurship Theory and Practice, , vol. 42(4), pages 571-604, July.
    4. Delmar, Frédéric, 2015. "When the dust has settled: A final note on replication," Journal of Business Venturing Insights, Elsevier, vol. 4(C), pages 20-21.
    5. Honig, Benson & Samuelsson, Mikael, 2021. "Business planning by intrapreneurs and entrepreneurs under environmental uncertainty and institutional pressure," Technovation, Elsevier, vol. 99(C).
    6. Shahid Latif & Safrul Izani Mohd Salleh & Mazuri Abd. Ghani & Bilal Ahmad, 2023. "Developing Management Accounting Systems as a Change Process for Economic Sustainability: A Case of Sportswear Manufacturing SME," South Asian Journal of Business and Management Cases, , vol. 12(2), pages 207-221, August.
    7. Shim, Jaehu & Davidsson, Per, 2018. "Shorter than we thought: The duration of venture creation processes," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 10-16.
    8. Susan Müller & Alyssa Lara Kirst & Heiko Bergmann & Barbara Bird, 2023. "Entrepreneurs’ actions and venture success: a structured literature review and suggestions for future research," Small Business Economics, Springer, vol. 60(1), pages 199-226, January.
    9. Davidsson, Per, 2015. "Data replication and extension: A commentary," Journal of Business Venturing Insights, Elsevier, vol. 3(C), pages 12-15.
    10. Giones, Ferran & Brem, Alexander & Pollack, Jeffrey M. & Michaelis, Timothy L. & Klyver, Kim & Brinckmann, Jan, 2020. "Revising entrepreneurial action in response to exogenous shocks: Considering the COVID-19 pandemic," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    11. Edelman, Linda F. & Manolova, Tatiana & Shirokova, Galina & Tsukanova, Tatyana, 2016. "The impact of family support on young entrepreneurs' start-up activities," Journal of Business Venturing, Elsevier, vol. 31(4), pages 428-448.
    12. Pollack, Jeffrey M. & Rutherford, Matthew W. & Seers, Anson & Coy, Anthony E. & Hanson, Sheila, 2016. "Exploring entrepreneurs' social network ties: Quantity versus quality," Journal of Business Venturing Insights, Elsevier, vol. 6(C), pages 28-35.
    13. Giovanna Mariani & Davide Morelli & Leonardo Bartoloni, 2019. "Managing uncertainty in the start-up environment. Is a business plan an incentive or a limitation?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1), pages 73-96.
    14. Delmar, Frédéric, 2015. "A response to Honig and Samuelsson (2014)," Journal of Business Venturing Insights, Elsevier, vol. 3(C), pages 1-4.
    15. Christian Hopp & Francis J. Greene & Benson Honig & Tomas Karlsson & Mikael Samuelsson, 2018. "Revisiting the influence of institutional forces on the written business plan: a replication study," Management Review Quarterly, Springer, vol. 68(4), pages 361-398, November.
    16. Arenius, Pia & Engel, Yuval & Klyver, Kim, 2017. "No particular action needed? A necessary condition analysis of gestation activities and firm emergence," Journal of Business Venturing Insights, Elsevier, vol. 8(C), pages 87-92.

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