The multiple effects of business planning on new venture performance

Andrew Burke, Stuart Fraser, Francis J. Greene*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

We investigate the multiple effects of writing a business plan prior to start-up on new venture performance. We argue that the impact of business plans depends on the purpose for and circumstances in which they are being used. We offer an empirical methodology which can account for these multiple effects while disentangling real impact effects from selection effects. We apply this to English data where we find that business plans promote employment growth. This is found to be due to the impact of the plan and not selection effects.

Original languageEnglish
Pages (from-to)391-415
Number of pages25
JournalJournal of Management Studies
Issue number3
Publication statusPublished - 5 Sept 2009

Keywords / Materials (for Non-textual outputs)

  • firm formation rates
  • dynamic capabilities
  • entrepreneurial choice
  • financial performance
  • growth
  • uncertainty
  • resources
  • industry
  • markets
  • policy


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