Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential

We conduct a business plan competition to test whether survey instruments or panel judges are able to identify the fastest growing firms. Participants submitted six- to eight-page business plans and defended them before a three- or four-judge panel. We surveyed applicants shortly after they applied...

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Bibliographic Details
Main Authors:	Fafchamps, Marcel, Woodruff, Christopher
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2019
Subjects:	BUSINESS PLANS COMPETITION POLICY COMPETITIVENESS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEYS PANEL JUDGES EXPERT PANELS FIRM PERFORMANCE
Online Access:	http://hdl.handle.net/10986/31472

id	okr-10986-31472
recordtype	oai_dc
spelling	okr-10986-314722021-05-25T10:54:37Z Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential Fafchamps, Marcel Woodruff, Christopher BUSINESS PLANS COMPETITION POLICY COMPETITIVENESS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEYS PANEL JUDGES EXPERT PANELS FIRM PERFORMANCE We conduct a business plan competition to test whether survey instruments or panel judges are able to identify the fastest growing firms. Participants submitted six- to eight-page business plans and defended them before a three- or four-judge panel. We surveyed applicants shortly after they applied and one and two years after the competition. We use follow-up surveys to construct measures of enterprise growth and baseline surveys and panel scores to construct measures of enterprise growth potential. We find that a measure of ability correlates strongly with future growth, but that the panel scores add to predictive power even after controlling for ability and other survey variables. The survey questions have more power to explain the variance in growth. Participants presenting before the panel were given a chance to win customized management training. Fourteen months after the training, we find no positive effect of the training on growth of the business. 2019-04-01T18:04:18Z 2019-04-01T18:04:18Z 2017-10-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/31472 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research Africa Sub-Saharan Africa Ghana
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	BUSINESS PLANS COMPETITION POLICY COMPETITIVENESS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEYS PANEL JUDGES EXPERT PANELS FIRM PERFORMANCE
spellingShingle	BUSINESS PLANS COMPETITION POLICY COMPETITIVENESS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEYS PANEL JUDGES EXPERT PANELS FIRM PERFORMANCE Fafchamps, Marcel Woodruff, Christopher Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
geographic_facet	Africa Sub-Saharan Africa Ghana
description	We conduct a business plan competition to test whether survey instruments or panel judges are able to identify the fastest growing firms. Participants submitted six- to eight-page business plans and defended them before a three- or four-judge panel. We surveyed applicants shortly after they applied and one and two years after the competition. We use follow-up surveys to construct measures of enterprise growth and baseline surveys and panel scores to construct measures of enterprise growth potential. We find that a measure of ability correlates strongly with future growth, but that the panel scores add to predictive power even after controlling for ability and other survey variables. The survey questions have more power to explain the variance in growth. Participants presenting before the panel were given a chance to win customized management training. Fourteen months after the training, we find no positive effect of the training on growth of the business.
format	Journal Article
author	Fafchamps, Marcel Woodruff, Christopher
author_facet	Fafchamps, Marcel Woodruff, Christopher
author_sort	Fafchamps, Marcel
title	Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
title_short	Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
title_full	Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
title_fullStr	Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
title_full_unstemmed	Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
title_sort	identifying gazelles : expert panels vs. surveys as a means to identify firms with rapid growth potential
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2019
url	http://hdl.handle.net/10986/31472
_version_	1764474405205835776

Identifying Gazelles : Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential

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