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Revisiting the influence of institutional forces on the written business plan: a replication study

Author

Listed:
  • Christian Hopp

    (RWTH Aachen University)

  • Francis J. Greene

    (University of Edinburgh)

  • Benson Honig

    (McMaster University)

  • Tomas Karlsson

    (Chalmers University of Technology)

  • Mikael Samuelsson

    (Stockholm School of Economics)

Abstract

The present paper re-analyzes and extends a study on institutional forces and the written business plan (Honig and Karlsson in J Manag 30(1):29–48, 2004). We attempt to examine to what extent critical decision making is evident in model and variable choice, and whether the implications provided by systematic replication efforts may serve to provide additional and perhaps unrecognized theoretical and/or empirical observations. We find that the key result—formal business planning does not affect performance, does not hold. In fact, we find evidence that formal business planning affects survival but not profitability. The re-analysis also reveals, that institutional antecedents to formal planning appear to be fragile and prone to researcher biases due to different coding and assumptions. Our study underscores the consequences of access to original data and coding material, and to rely upon current methodological explanations for subsequent analyses.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:manrev:v:68:y:2018:i:4:d:10.1007_s11301-018-0143-9
    DOI: 10.1007/s11301-018-0143-9
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    References listed on IDEAS

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    Cited by:

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    2. Emmadonata Carbone & Sara Saggese & Fabrizia Sarto, 2023. "La relazione tra l?esperienza degli amministratori e il business plan: un?indagine empirica sulle imprese quotate in Italia," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(1), pages 69-94.
    3. Jörn Block & Andreas Kuckertz, 2018. "Seven principles of effective replication studies: strengthening the evidence base of management research," Management Review Quarterly, Springer, vol. 68(4), pages 355-359, November.
    4. G. Christopher Crawford & Vitaliy Skorodziyevskiy & Casey J. Frid & Thomas E. Nelson & Zahra Booyavi & Diana M. Hechavarria & Xuanye Li & Paul D. Reynolds & Ehsan Teymourian, 2022. "Advancing Entrepreneurship Theory Through Replication: A Case Study on Contemporary Methodological Challenges, Future Best Practices, and an Entreaty for Communality," Entrepreneurship Theory and Practice, , vol. 46(3), pages 779-799, May.

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    More about this item

    Keywords

    Replication study; Business planning; PSED II; Research ethics;
    All these keywords.

    JEL classification:

    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Revisiting the influence of institutional forces on the written business plan: a replication study (Management Review Quarterly 2018) in ReplicationWiki

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