Publication:
Can Government Intervention Make Firms More Investment-Ready?: A Randomized Experiment in the Western Balkans

Simple item page
dc.contributor.authorDautovic, Ernest
dc.contributor.authorCusolito, Ana Paula
dc.contributor.authorMcKenzie, David
dc.date.accessioned2018-08-15T19:05:52Z
dc.date.available2018-08-15T19:05:52Z
dc.date.issued2018-08
dc.description.abstractMany innovative start-ups and small and medium-size enterprises have good ideas, but do not have these ideas fine-tuned to the stage where they can attract outside funding. Investment readiness programs attempt to help firms to become ready to attract and accept outside equity funding through a combination of training, mentoring, master classes, and networking. This study conducted a five-country randomized experiment in the Western Balkans that worked with 346 firms and delivered an investment readiness program to half of the firms, with the control group receiving an inexpensive online program instead. A pitch event was then held for these firms to pitch their ideas to independent judges. The investment readiness program resulted in a 0.3 standard deviation increase in the investment readiness score, with this increase occurring throughout the distribution. Two follow-up surveys show that the judges' scores predicted investment readiness and investment outcomes over the subsequent two years. Treated firms attained significantly more media attention and were 5 percentage points more likely to have made a deal with an outside investor, although this increase is not statistically significant (95 confidence interval of -4.7 to +14.7 percentage points).en
dc.identifierhttp://documents.worldbank.org/curated/en/453261533567046459/Can-government-intervention-make-firms-more-investment-ready-a-randomized-experiment-in-the-Western-Balkans
dc.identifier.doi10.1596/1813-9450-8541
dc.identifier.urihttps://hdl.handle.net/10986/30231
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8541
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINVESTMENT
dc.subjectFIRM ENTRY
dc.subjectSTART-UPS
dc.subjectINNOVATION
dc.subjectENTREPRENEURSHIP
dc.subjectGOVERNMENT INTERVENTION
dc.subjectRANDOMIZED CONTROL TRIAL
dc.subjectSMALL AND MEDIUM ENTERPRISES
dc.subjectEQUITY INVESTMENT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.titleCan Government Intervention Make Firms More Investment-Ready?en
dc.title.subtitleA Randomized Experiment in the Western Balkansen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleCan Government Intervention Make Firms More Investment-Ready? A Randomized Experiment in the Western Balkans
okr.date.disclosure2018-08-06
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/453261533567046459/Can-government-intervention-make-firms-more-investment-ready-a-randomized-experiment-in-the-Western-Balkans
okr.guid453261533567046459
okr.identifier.doi10.1596/1813-9450-8541
okr.identifier.doihttps://doi.org/10.1596/1813-9450-8541
okr.identifier.externaldocumentum090224b085e66a37_1_0
okr.identifier.internaldocumentum30329472
okr.identifier.reportWPS8541
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/453261533567046459/pdf/WPS8541.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEastern Europe
okr.statistics.combined3031
okr.statistics.dr453261533567046459
okr.statistics.drstats2257
okr.topicPrivate Sector Development::Business Development Services
okr.topicPrivate Sector Development::Enterprise Development & Reform
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitDevelopment Research Group, Development Economics
relation.isAuthorOfPublication2151d2ff-4e3c-5181-b0a1-bf5a52b587ec
relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscovery148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
WPS8541.pdf
Size:
1.23 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
WPS8541.txt
Size:
215.82 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers