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The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico

Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2012

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

Persistent link: https://www.econbiz.de/10011083751

Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development

Karlan, Dean S.; Knight, Ryan; Udry, Christopher - C.E.P.R. Discussion Papers - 2012

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

Persistent link: https://www.econbiz.de/10011084680

The Catch-22 of External Validity in the Context of Constraints to Firm Growth

Fischer, Greg; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2015

We document the presence of multiple and varied constraints to small and medium firm growth. This presents both a practical problem for business training programs and a challenge to academic economists trying to identify mechanisms though which these programs may affect outcomes. External...

Persistent link: https://www.econbiz.de/10011184078

What drives women out of entrepreneurship? The joint role of testosterone and culture

Guiso, Luigi; Rustichini, Aldo - C.E.P.R. Discussion Papers - 2011

entrepreneurship so that only women with well above average entrepreneurial skills find it attractive to self-select into … entrepreneurship. This finding can rationalize three facts: a) fewer women than men are entrepreneurs; b) the proportion of women among … entrepreneurs tends to be higher in countries with higher women emancipation; c) women who break the barrier into entrepreneurship …

Persistent link: https://www.econbiz.de/10008854553

Learning to be an Entrepreneur

Guiso, Luigi; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2005

entrepreneurship to allow for the possibility that entrepreneurial talents may be acquired by watching other entrepreneurs in action …

Persistent link: https://www.econbiz.de/10005497788

Does Local Financial Development Matter?

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2002

We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...

Persistent link: https://www.econbiz.de/10005667081