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...

Full description

Bibliographic Details
Main Author: Bruhn, Miriam
Other Authors: Zia, Bilal
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2011
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 01577nmm a2200229 u 4500
001 EB002100055
003 EBX01000000000000001240145
005 00000000000000.0
007 cr|||||||||||||||||||||
008 221013 ||| eng
100 1 |a Bruhn, Miriam 
245 0 0 |a Stimulating Managerial Capital in Emerging Markets  |h Elektronische Ressource  |b The Impact of Business and Financial Literacy for Young Entrepreneurs  |c Miriam Bruhn 
260 |a Washington, D.C  |b The World Bank  |c 2011 
300 |a 62 p 
700 1 |a Zia, Bilal 
700 1 |a Bruhn, Miriam 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
028 5 0 |a 10.1596/1813-9450-5642 
856 4 0 |u http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5642  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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