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 pape...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110427082512 http://hdl.handle.net/10986/3406 |
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okr-10986-3406 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ADMINISTRATIVE DATA ANNUAL INTEREST RATE ANNUAL PERCENTAGE RATE BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANKS BORROWER BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS CREATION BUSINESS DEVELOPMENT BUSINESS EDUCATION BUSINESS ENTRY BUSINESS GROWTH BUSINESS INVESTMENT BUSINESS LOAN BUSINESS LOANS BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS PERFORMANCE BUSINESS PLAN BUSINESS PLANNING BUSINESS RISK BUSINESS SCHOOL BUSINESS SKILLS BUSINESS STARTUP BUSINESS SURVIVAL BUSINESS TRAINING BUYERS CALCULATIONS CAPITAL GROWTH CAPITAL INVESTMENT CASH FLOW CASH TRANSFERS CHAMBER OF COMMERCE CHECKS COMPOUND INTEREST CONTRIBUTION CONTRIBUTIONS CREDIT CARD CREDIT CARDS CREDIT LINE CREDIT OFFICERS CREDIT REGISTRY CREDITS CURRICULUM DEBT DEMOGRAPHIC CHARACTERISTICS DEPOSITS DEVELOPMENT BANK DEVELOPMENT CENTER DIVERSIFICATION DIVERSIFICATION STRATEGIES ECONOMIC GROWTH EDUCATION PROGRAM EDUCATION PROGRAMS ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP DEVELOPMENT ENTREPRENEURSHIP TRAINING EXPENDITURES EXTERNAL FINANCE FARMER FAVORABLE TERMS FINANCES FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL EDUCATION FINANCIAL EDUCATION COURSE FINANCIAL EDUCATION PROGRAM FINANCIAL EXPERIENCE FINANCIAL INSTITUTION FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY PROGRAM FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL PLANNING FINANCIAL REPORTS FINANCIAL RESPONSIBILITY FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL TRAINING FORMAL FINANCIAL SERVICES GENDER GOOD CREDIT GOOD CREDIT HISTORY HOUSEHOLD FINANCES INCOME INSTALLMENTS INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INVESTING INVESTMENT PORTFOLIO LABOR FORCE LABOR FORCE SURVEY LACK OF CAPITAL LATE PAYMENT LIABILITY LIVING STANDARDS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN ANALYSIS LOAN BEHAVIOR LOAN CHARACTERISTICS LOAN CLIENTS LOAN DEFAULT LOAN PAYMENT LOAN PAYMENTS LOAN PORTFOLIO LOAN TERM LOAN TERMS LOWER INTEREST RATE MARKET CONDITIONS MARKET ECONOMIES MARKETING MARKETING CAMPAIGN MARKETING CAMPAIGNS MEDIUM ENTERPRISES MICRO ENTERPRISES MICRO ENTREPRENEURS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM PAYMENT NEW BUSINESS NEW BUSINESSES NEW PRODUCTS PERSONAL INVESTMENTS PHYSICAL CAPITAL PROBABILITY PRODUCTIVITY PURCHASES PURCHASING REAL ASSETS REGRESSION ANALYSIS REPAYMENT RESEARCH ASSISTANCE RISK AVERSION SALES SALES STRATEGIES SAVINGS SAVINGS ACCOUNT SAVINGS BEHAVIOR SECONDARY SCHOOL SELF EMPLOYMENT SELLING SOURCES OF INCOME STOCK MARKET TAXABLE INCOME TRADE CREDIT TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRAINING PROGRAMS TYPES OF COSTS UNEMPLOYMENT VALUABLE WORKING CAPITAL |
| spellingShingle |
ACCOUNTING ADMINISTRATIVE DATA ANNUAL INTEREST RATE ANNUAL PERCENTAGE RATE BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANKS BORROWER BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS CREATION BUSINESS DEVELOPMENT BUSINESS EDUCATION BUSINESS ENTRY BUSINESS GROWTH BUSINESS INVESTMENT BUSINESS LOAN BUSINESS LOANS BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS PERFORMANCE BUSINESS PLAN BUSINESS PLANNING BUSINESS RISK BUSINESS SCHOOL BUSINESS SKILLS BUSINESS STARTUP BUSINESS SURVIVAL BUSINESS TRAINING BUYERS CALCULATIONS CAPITAL GROWTH CAPITAL INVESTMENT CASH FLOW CASH TRANSFERS CHAMBER OF COMMERCE CHECKS COMPOUND INTEREST CONTRIBUTION CONTRIBUTIONS CREDIT CARD CREDIT CARDS CREDIT LINE CREDIT OFFICERS CREDIT REGISTRY CREDITS CURRICULUM DEBT DEMOGRAPHIC CHARACTERISTICS DEPOSITS DEVELOPMENT BANK DEVELOPMENT CENTER DIVERSIFICATION DIVERSIFICATION STRATEGIES ECONOMIC GROWTH EDUCATION PROGRAM EDUCATION PROGRAMS ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP DEVELOPMENT ENTREPRENEURSHIP TRAINING EXPENDITURES EXTERNAL FINANCE FARMER FAVORABLE TERMS FINANCES FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL EDUCATION FINANCIAL EDUCATION COURSE FINANCIAL EDUCATION PROGRAM FINANCIAL EXPERIENCE FINANCIAL INSTITUTION FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY PROGRAM FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL PLANNING FINANCIAL REPORTS FINANCIAL RESPONSIBILITY FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL TRAINING FORMAL FINANCIAL SERVICES GENDER GOOD CREDIT GOOD CREDIT HISTORY HOUSEHOLD FINANCES INCOME INSTALLMENTS INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INVESTING INVESTMENT PORTFOLIO LABOR FORCE LABOR FORCE SURVEY LACK OF CAPITAL LATE PAYMENT LIABILITY LIVING STANDARDS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN ANALYSIS LOAN BEHAVIOR LOAN CHARACTERISTICS LOAN CLIENTS LOAN DEFAULT LOAN PAYMENT LOAN PAYMENTS LOAN PORTFOLIO LOAN TERM LOAN TERMS LOWER INTEREST RATE MARKET CONDITIONS MARKET ECONOMIES MARKETING MARKETING CAMPAIGN MARKETING CAMPAIGNS MEDIUM ENTERPRISES MICRO ENTERPRISES MICRO ENTREPRENEURS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM PAYMENT NEW BUSINESS NEW BUSINESSES NEW PRODUCTS PERSONAL INVESTMENTS PHYSICAL CAPITAL PROBABILITY PRODUCTIVITY PURCHASES PURCHASING REAL ASSETS REGRESSION ANALYSIS REPAYMENT RESEARCH ASSISTANCE RISK AVERSION SALES SALES STRATEGIES SAVINGS SAVINGS ACCOUNT SAVINGS BEHAVIOR SECONDARY SCHOOL SELF EMPLOYMENT SELLING SOURCES OF INCOME STOCK MARKET TAXABLE INCOME TRADE CREDIT TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRAINING PROGRAMS TYPES OF COSTS UNEMPLOYMENT VALUABLE WORKING CAPITAL Bruhn, Miriam Zia, Bilal Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| geographic_facet |
The World Region Europe and Central Asia Europe Bosnia and Herzegovina |
| relation |
Policy Research working paper ; no. WPS 5642 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bruhn, Miriam Zia, Bilal |
| author_facet |
Bruhn, Miriam Zia, Bilal |
| author_sort |
Bruhn, Miriam |
| title |
Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| title_short |
Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| title_full |
Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| title_fullStr |
Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| title_full_unstemmed |
Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs |
| title_sort |
stimulating managerial capital in emerging markets : the impact of business and financial literacy for young entrepreneurs |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110427082512 http://hdl.handle.net/10986/3406 |
| _version_ |
1764386933345091584 |
| spelling |
okr-10986-34062021-04-23T14:02:09Z Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs Bruhn, Miriam Zia, Bilal ACCOUNTING ADMINISTRATIVE DATA ANNUAL INTEREST RATE ANNUAL PERCENTAGE RATE BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANKS BORROWER BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS CREATION BUSINESS DEVELOPMENT BUSINESS EDUCATION BUSINESS ENTRY BUSINESS GROWTH BUSINESS INVESTMENT BUSINESS LOAN BUSINESS LOANS BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS PERFORMANCE BUSINESS PLAN BUSINESS PLANNING BUSINESS RISK BUSINESS SCHOOL BUSINESS SKILLS BUSINESS STARTUP BUSINESS SURVIVAL BUSINESS TRAINING BUYERS CALCULATIONS CAPITAL GROWTH CAPITAL INVESTMENT CASH FLOW CASH TRANSFERS CHAMBER OF COMMERCE CHECKS COMPOUND INTEREST CONTRIBUTION CONTRIBUTIONS CREDIT CARD CREDIT CARDS CREDIT LINE CREDIT OFFICERS CREDIT REGISTRY CREDITS CURRICULUM DEBT DEMOGRAPHIC CHARACTERISTICS DEPOSITS DEVELOPMENT BANK DEVELOPMENT CENTER DIVERSIFICATION DIVERSIFICATION STRATEGIES ECONOMIC GROWTH EDUCATION PROGRAM EDUCATION PROGRAMS ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP DEVELOPMENT ENTREPRENEURSHIP TRAINING EXPENDITURES EXTERNAL FINANCE FARMER FAVORABLE TERMS FINANCES FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL EDUCATION FINANCIAL EDUCATION COURSE FINANCIAL EDUCATION PROGRAM FINANCIAL EXPERIENCE FINANCIAL INSTITUTION FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY PROGRAM FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL PLANNING FINANCIAL REPORTS FINANCIAL RESPONSIBILITY FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL TRAINING FORMAL FINANCIAL SERVICES GENDER GOOD CREDIT GOOD CREDIT HISTORY HOUSEHOLD FINANCES INCOME INSTALLMENTS INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INVESTING INVESTMENT PORTFOLIO LABOR FORCE LABOR FORCE SURVEY LACK OF CAPITAL LATE PAYMENT LIABILITY LIVING STANDARDS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN ANALYSIS LOAN BEHAVIOR LOAN CHARACTERISTICS LOAN CLIENTS LOAN DEFAULT LOAN PAYMENT LOAN PAYMENTS LOAN PORTFOLIO LOAN TERM LOAN TERMS LOWER INTEREST RATE MARKET CONDITIONS MARKET ECONOMIES MARKETING MARKETING CAMPAIGN MARKETING CAMPAIGNS MEDIUM ENTERPRISES MICRO ENTERPRISES MICRO ENTREPRENEURS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM PAYMENT NEW BUSINESS NEW BUSINESSES NEW PRODUCTS PERSONAL INVESTMENTS PHYSICAL CAPITAL PROBABILITY PRODUCTIVITY PURCHASES PURCHASING REAL ASSETS REGRESSION ANALYSIS REPAYMENT RESEARCH ASSISTANCE RISK AVERSION SALES SALES STRATEGIES SAVINGS SAVINGS ACCOUNT SAVINGS BEHAVIOR SECONDARY SCHOOL SELF EMPLOYMENT SELLING SOURCES OF INCOME STOCK MARKET TAXABLE INCOME TRADE CREDIT TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRAINING PROGRAMS TYPES OF COSTS UNEMPLOYMENT VALUABLE WORKING CAPITAL 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. 2012-03-19T18:01:54Z 2012-03-19T18:01:54Z 2011-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110427082512 http://hdl.handle.net/10986/3406 English Policy Research working paper ; no. WPS 5642 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region Europe and Central Asia Europe Bosnia and Herzegovina |