A common concern with efforts to directly help some small businesses to grow is that their growth comes at the expense of their unassisted competitors. We test this possibility using a two-stage randomized experiment in Kenya which randomizes business training at the market level, and then...

Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...

Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have restricted standard analysis of the determinants of innovation...

Die Ergebnisse, über die im Folgenden berichtet wird, wurden im Rahmen von zwei Meinungsumfragen ermittelt. Die erste Umfrage erfolgte im April 2009 und befasste sich mit der Wettbewerbssituation von Arbeitnehmern, die zweite Umfrage richtete sich auf die Beurteilung der betrieblichen...