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Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs / Miriam Bruhn
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bruhn, Miriam
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Business Environment.
- Business in Development.
- Business Training.
- Competitiveness and Competition Policy.
- Entrepreneurs.
- External Finance.
- Finance and Private Sector Development.
- Financial Literacy.
- Financial Literacy Training Program.
- Managerial Capital.
- Private Sector Development.
- Local Subjects:
- Access to Finance.
- Business Environment.
- Business in Development.
- Business Training.
- Competitiveness and Competition Policy.
- Entrepreneurs.
- External Finance.
- Finance and Private Sector Development.
- Financial Literacy.
- Financial Literacy Training Program.
- Managerial Capital.
- Private Sector Development.
- Physical Description:
- 1 online resource (62 pages)
- Other Title:
- Stimulating Managerial Capital in Emerging Markets
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- 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.
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