Stimulating managerial capital in emerging markets : the impact of business and financial literacy for young entrepreneurs
Identifying the determinants of entrepreneurship is an important research and policy goal, especially in emerging market economies where lack of capital and supporting infrastructure often imposes stringent constraints on business growth. This paper studies the impact of a comprehensive business and financial literacy program on firm outcomes of young entrepreneurs in an emerging post-conflict economy, Bosnia and Herzegovina. The authors conduct a randomized control trial and find that while the training program did not influence business survival, it significantly improved business practices, investments, and loan terms for surviving businesses. Entrepreneurs with higher ex-ante financial literacy further exhibited some improvements in business performance and sales.
|Date of creation:||01 Apr 2011|
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- Klapper, Leora & Lusardi, Annamaria & Panos, Georgios A., 2012.
"Financial literacy and the financial crisis,"
Policy Research Working Paper Series
5980, The World Bank.
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- Milo Bianchi & Matteo Bobba, 2010. "Liquidity, risk and occupational choices," PSE Working Papers halshs-00564918, HAL.
- Paul J. Gertler & Sebastian W. Martinez & Marta Rubio-Codina, 2012. "Investing Cash Transfers to Raise Long-Term Living Standards," American Economic Journal: Applied Economics, American Economic Association, vol. 4(1), pages 164-192, January.
- Gertler, Paul & Martinez, Sebastian & Rubio-Codina, Marta, 2006. "Investing cash transfers to raise long term living standards," Policy Research Working Paper Series 3994, The World Bank.
- Bruhn, Miriam & Love, Inessa, 2009. "The economic impact of banking the unbanked : evidence from Mexico," Policy Research Working Paper Series 4981, The World Bank. Full references (including those not matched with items on IDEAS)
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