Why We Plan: The Impact of Nascent Entrepreneurs' Cognitive Characteristics and Human Capital on Business Planning
研究了新生创业者的认知特征（自我效能、毅力）和人力资本（教育、工作经验）如何影响其商业规划行为，发现自我效能促进正式计划，毅力推动规划活动，高等教育对两者均有正向作用。
We examine the impact of nascent entrepreneurs' cognitive attributes and human capital on business planning behavior. We find that entrepreneurial self‐efficacy facilitates development of formal business plans and entrepreneurial perseverance promotes engaging in business planning activities. Further, advanced academic education leads nascent entrepreneurs to engage in business planning activities and create formal business plans, but prior work experience has a marginal effect on business plan formality. The results further indicate that a nascent entrepreneur's striving for outside financing promotes business planning activities, while being in a supportive environment or a member of a business association does not impact business planning behavior. Copyright © 2015 Strategic Management Society.