Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs

Bruhn, Miriam; Zia, Bilal

dc.creator	Bruhn, Miriam
dc.creator	Zia, Bilal
dc.date	2012-03-19T18:01:54Z
dc.date	2012-03-19T18:01:54Z
dc.date	2011-04-01
dc.date.accessioned	2023-02-17T20:56:11Z
dc.date.available	2023-02-17T20:56:11Z
dc.identifier	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
dc.identifier	http://hdl.handle.net/10986/3406
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244370
dc.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.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5642
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ADMINISTRATIVE DATA
dc.subject	ANNUAL INTEREST RATE
dc.subject	ANNUAL PERCENTAGE RATE
dc.subject	BALANCE SHEET
dc.subject	BANK ACCOUNT
dc.subject	BANK ACCOUNTS
dc.subject	BANKS
dc.subject	BORROWER
dc.subject	BUSINESS ACTIVITIES
dc.subject	BUSINESS ACUMEN
dc.subject	BUSINESS CREATION
dc.subject	BUSINESS DEVELOPMENT
dc.subject	BUSINESS EDUCATION
dc.subject	BUSINESS ENTRY
dc.subject	BUSINESS GROWTH
dc.subject	BUSINESS INVESTMENT
dc.subject	BUSINESS LOAN
dc.subject	BUSINESS LOANS
dc.subject	BUSINESS OPPORTUNITY
dc.subject	BUSINESS OWNERS
dc.subject	BUSINESS PERFORMANCE
dc.subject	BUSINESS PLAN
dc.subject	BUSINESS PLANNING
dc.subject	BUSINESS RISK
dc.subject	BUSINESS SCHOOL
dc.subject	BUSINESS SKILLS
dc.subject	BUSINESS STARTUP
dc.subject	BUSINESS SURVIVAL
dc.subject	BUSINESS TRAINING
dc.subject	BUYERS
dc.subject	CALCULATIONS
dc.subject	CAPITAL GROWTH
dc.subject	CAPITAL INVESTMENT
dc.subject	CASH FLOW
dc.subject	CASH TRANSFERS
dc.subject	CHAMBER OF COMMERCE
dc.subject	CHECKS
dc.subject	COMPOUND INTEREST
dc.subject	CONTRIBUTION
dc.subject	CONTRIBUTIONS
dc.subject	CREDIT CARD
dc.subject	CREDIT CARDS
dc.subject	CREDIT LINE
dc.subject	CREDIT OFFICERS
dc.subject	CREDIT REGISTRY
dc.subject	CREDITS
dc.subject	CURRICULUM
dc.subject	DEBT
dc.subject	DEMOGRAPHIC CHARACTERISTICS
dc.subject	DEPOSITS
dc.subject	DEVELOPMENT BANK
dc.subject	DEVELOPMENT CENTER
dc.subject	DIVERSIFICATION
dc.subject	DIVERSIFICATION STRATEGIES
dc.subject	ECONOMIC GROWTH
dc.subject	EDUCATION PROGRAM
dc.subject	EDUCATION PROGRAMS
dc.subject	ENTREPRENEUR
dc.subject	ENTREPRENEURS
dc.subject	ENTREPRENEURSHIP DEVELOPMENT
dc.subject	ENTREPRENEURSHIP TRAINING
dc.subject	EXPENDITURES
dc.subject	EXTERNAL FINANCE
dc.subject	FARMER
dc.subject	FAVORABLE TERMS
dc.subject	FINANCES
dc.subject	FINANCIAL ANALYSIS
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL EDUCATION
dc.subject	FINANCIAL EDUCATION COURSE
dc.subject	FINANCIAL EDUCATION PROGRAM
dc.subject	FINANCIAL EXPERIENCE
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL KNOWLEDGE
dc.subject	FINANCIAL LITERACY
dc.subject	FINANCIAL LITERACY PROGRAM
dc.subject	FINANCIAL LITERACY PROGRAMS
dc.subject	FINANCIAL LITERACY TRAINING
dc.subject	FINANCIAL PLANNING
dc.subject	FINANCIAL REPORTS
dc.subject	FINANCIAL RESPONSIBILITY
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL TRAINING
dc.subject	FORMAL FINANCIAL SERVICES
dc.subject	GENDER
dc.subject	GOOD CREDIT
dc.subject	GOOD CREDIT HISTORY
dc.subject	HOUSEHOLD FINANCES
dc.subject	INCOME
dc.subject	INSTALLMENTS
dc.subject	INTEREST RATES
dc.subject	INTERNAL FINANCING
dc.subject	INTERNATIONAL BANK
dc.subject	INVESTING
dc.subject	INVESTMENT PORTFOLIO
dc.subject	LABOR FORCE
dc.subject	LABOR FORCE SURVEY
dc.subject	LACK OF CAPITAL
dc.subject	LATE PAYMENT
dc.subject	LIABILITY
dc.subject	LIVING STANDARDS
dc.subject	LOAN
dc.subject	LOAN AMOUNT
dc.subject	LOAN AMOUNTS
dc.subject	LOAN ANALYSIS
dc.subject	LOAN BEHAVIOR
dc.subject	LOAN CHARACTERISTICS
dc.subject	LOAN CLIENTS
dc.subject	LOAN DEFAULT
dc.subject	LOAN PAYMENT
dc.subject	LOAN PAYMENTS
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN TERM
dc.subject	LOAN TERMS
dc.subject	LOWER INTEREST RATE
dc.subject	MARKET CONDITIONS
dc.subject	MARKET ECONOMIES
dc.subject	MARKETING
dc.subject	MARKETING CAMPAIGN
dc.subject	MARKETING CAMPAIGNS
dc.subject	MEDIUM ENTERPRISES
dc.subject	MICRO ENTERPRISES
dc.subject	MICRO ENTREPRENEURS
dc.subject	MICROCREDIT
dc.subject	MICROFINANCE
dc.subject	MICROFINANCE INSTITUTIONS
dc.subject	MINIMUM PAYMENT
dc.subject	NEW BUSINESS
dc.subject	NEW BUSINESSES
dc.subject	NEW PRODUCTS
dc.subject	PERSONAL INVESTMENTS
dc.subject	PHYSICAL CAPITAL
dc.subject	PROBABILITY
dc.subject	PRODUCTIVITY
dc.subject	PURCHASES
dc.subject	PURCHASING
dc.subject	REAL ASSETS
dc.subject	REGRESSION ANALYSIS
dc.subject	REPAYMENT
dc.subject	RESEARCH ASSISTANCE
dc.subject	RISK AVERSION
dc.subject	SALES
dc.subject	SALES STRATEGIES
dc.subject	SAVINGS
dc.subject	SAVINGS ACCOUNT
dc.subject	SAVINGS BEHAVIOR
dc.subject	SECONDARY SCHOOL
dc.subject	SELF EMPLOYMENT
dc.subject	SELLING
dc.subject	SOURCES OF INCOME
dc.subject	STOCK MARKET
dc.subject	TAXABLE INCOME
dc.subject	TRADE CREDIT
dc.subject	TRAINING COURSE
dc.subject	TRAINING COURSES
dc.subject	TRAINING PROGRAM
dc.subject	TRAINING PROGRAMS
dc.subject	TYPES OF COSTS
dc.subject	UNEMPLOYMENT
dc.subject	VALUABLE
dc.subject	WORKING CAPITAL
dc.title	Stimulating Managerial Capital in Emerging Markets : The Impact of Business and Financial Literacy for Young Entrepreneurs
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Bosnia and Herzegovina