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

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Author(s): Benson Honig | Tomas Karlsson

Journal: Administrative Sciences
ISSN 2076-3387

Volume: 3;
Issue: 4;
Start page: 266;
Date: 2013;
Original page

Keywords: institutional theory | cross national entrepreneurship | business planning

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.
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