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Business planning and venture level performance: challenging the institution of planning

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Author Info

  • Honig , Benson

    ()
    (McMaster University)

  • Samuelsson, Mikael

    ()
    (Stockholm School of Economics)

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    Abstract

    In this study we longitudinally examine outcomes of entrepreneurial business planning to access whether this is a fruitful activity or not. We use both data replication and data extension to examine previously published and controversial research. Our empirical setting is a random sample of 623 nascent ventures that we follow over a period of six years - from conception, through exploitation venture level performance, as well as termination. We compare and contrast previous findings based on this data by observing sub-sets for the population regarding a number of dependent variables. Our findings highlight the importance of data replication, data extension, and sample selection bias. Thus, we add not only to the debate regarding the merits or liabilities of planning, but we 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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    Bibliographic Info

    Paper provided by Swedish Entrepreneurship Forum in its series Working Papers with number 2011:5.

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    Length: 30 pages
    Date of creation: 02 Feb 2011
    Date of revision:
    Handle: RePEc:hhs:entfor:2011_005

    Contact details of provider:
    Postal: Swedish Entrepreneurship Forum, Örebro University, SE-70182 ÖREBRO, Sweden
    Web page: http://www.oru.se/Institutioner/Handelshogskolan-vid-Orebro-universitet/

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    Keywords: business; planning;

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