1 option
Can Government Intervention Make Firms More Investment-Ready? : A Randomized Experiment in the Western Balkans / Cusolito, Ana Paula.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Cusolito, Ana Paula.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Entrepreneurship.
- Equity Investment.
- Innovation.
- Investment.
- Private Sector Development.
- Randomized Controlled Trial.
- Small and Medium Size Enterprises.
- Small Medium Enterprises.
- SMEs.
- Start-ups.
- Local Subjects:
- Entrepreneurship.
- Equity Investment.
- Innovation.
- Investment.
- Private Sector Development.
- Randomized Controlled Trial.
- Small and Medium Size Enterprises.
- Small Medium Enterprises.
- SMEs.
- Start-ups.
- Physical Description:
- 1 online resource (73 pages)
- Other Title:
- Can Government Intervention Make Firms More Investment-Ready?
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Many innovative start-ups and small and medium-size enterprises have good ideas, but do not have these ideas fine-tuned to the stage where they can attract outside funding. Investment readiness programs attempt to help firms to become ready to attract and accept outside equity funding through a combination of training, mentoring, master classes, and networking. This study conducted a five-country randomized experiment in the Western Balkans that worked with 346 firms and delivered an investment readiness program to half of the firms, with the control group receiving an inexpensive online program instead. A pitch event was then held for these firms to pitch their ideas to independent judges. The investment readiness program resulted in a 0.3 standard deviation increase in the investment readiness score, with this increase occurring throughout the distribution. Two follow-up surveys show that the judges' scores predicted investment readiness and investment outcomes over the subsequent two years. Treated firms attained significantly more media attention and were 5 percentage points more likely to have made a deal with an outside investor, although this increase is not statistically significant (95 confidence interval of -4.7 to +14.7 percentage points).
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.