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An Institutional Perspective on Business Planning Activities for Nascent Entrepreneurs in Sweden and the US

Author

Listed:
  • Benson Honig

    (Degroote School of Business, McMaster University, 1280 Main Street West, Hamilton, ON L8S4M4, Canada)

  • Tomas Karlsson

    (Department of Managing Organisational Renewal and Entrepreneurship (MORE), Chalmers University, Vera Sandbergs Allé 8: 4 vån, Gothenburg 41296, Sweden)

Abstract

We compared nascent characteristics and behaviors leading to business planning activities in Sweden with the United States (US), examining the effects of institutional pressures exerted in the different countries. We analyzed institutional factors leading 362 Swedish and 347 US entrepreneurs to write plans during a two-year period. We show that national cultures moderate how institutional pressures influence nascent behaviors, questioning generic applications of institutional theory. We found business planning behaviors moderated by nationality, showing significant and negative effects for business classes in the US. Implications are drawn for institutional theory and the study of nascent businesses, as well as for normative business planning literature and practice of nascent businesses.

Suggested Citation

  • Benson Honig & Tomas Karlsson, 2013. "An Institutional Perspective on Business Planning Activities for Nascent Entrepreneurs in Sweden and the US," Administrative Sciences, MDPI, vol. 3(4), pages 1-24, November.
    • Handle: RePEc:gam:jadmsc:v:3:y:2013:i:4:p:266-289:d:30663
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    References listed on IDEAS

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    3. Dwivedi, Abhishek & Pawsey, Nicholas, 2023. "Examining the drivers of marketing innovation in SMEs," Journal of Business Research, Elsevier, vol. 155(PB).

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