Stimulating managerial capital in emerging markets: the impact of business training for young entrepreneurs
By Miriam Bruhn, Bilal Zia. 2013
156 citations recorded by the source corpus.
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 impose stringent constraints on business growth. This paper studies the impact of a comprehensive business and financial literacy programme on firm outcomes of young entrepreneurs in an emerging post-conflict economy, Bosnia and Herzegovina. The authors conduct a randomised control trial and find that, while the training programme did not influence business survival, it significantly improved business practices, investments and loan terms for surviving businesses. Female-run businesses further exhibited some improvements in business performance and sales.
View Paper: https://www.semanticscholar.org/paper/35e2ea38966b3e998225767bcc62e445f6627556
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Citations in the corpus
- Financial Education Affects Financial Knowledge and Downstream Behaviors (2020, background): “…23 Brugiavini et al. (2015) [independent sample 1] Italy 23 104 A, D NR 24 Brugiavini et al. (2015) [independent sample 2] Italy 23 642 A, D NR 25 Bruhn and Zia (2013) Bosnia and Herzegovina 28 445 A, B, C, D 245 26 Bruhn et al. (2016) Brazil 16 25,000 A, B, C, D NR 27 Bruhn et al. (2014) Mexico…”
- Entrepreneurship Education and Entry into Self-Employment Among University Graduates (2016, background): “Recent contributions show that business training can affect enterprise owners’ practices, although effects on employment or productivity are more limited (Bruhn & Zia, 2013; Drexler, Fischer, & Schoar, 2014; Karlan & Valdivia, 2011; Klinger & Schündeln, 2011).”
- The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana (2016, background): “The issue of building financial management capability for small business owners in developing country settings has received increased attention in recent times (Bruhn and Zia 2013; Field, Jayachandran, and Pande 2010; McKenzie and Woodruff 2014).”
- Bank Financing for SMEs – Lessons from the Literature (2013, background): “…financial literacy randomised control trials (RCTs) for entrepreneurs, including in Uganda (McKenzie and Weber, 2009), Bosnia and Herzegovina (Bruhn and Zia, 2013), Peru (Karlan and Valdivia, 2011), Dominican Republic (Fischer, Drexler and Schoar, 2010), Sri Lanka (De Mel, McKenzie and…”