Theory suggests a positive relationship of business planning with venture formation. Yet, empirical evidence is scarce, or ambiguous. In contrast to previous empirical studies, we treat the decision to plan or not to plan as an endogenous strategic choice by entrepreneurs.
"STRATEGIC CHOICE IN NEW VENTURE DEVELOPMENT AND THE VALUE OF BUSINESS PLANNING FOR NASCENT ENTREPRENEURS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 6.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss6/6