Publication:
Identifying and Spurring High-Growth Entrepreneurship: Experimental Evidence from a Business Plan Competition

Simple item page
dc.contributor.authorMcKenzie, David
dc.date.accessioned2015-08-17T18:07:20Z
dc.date.available2015-08-17T18:07:20Z
dc.date.issued2015-08
dc.description.abstractAlmost all firms in developing countries have fewer than 10 workers, with the modal firm consisting of just the owner. Are there potential high-growth entrepreneurs with the ability to grow their firms beyond this size? And, if so, can public policy help alleviate the constraints that prevent these entrepreneurs from doing so? A large-scale national business plan competition in Nigeria is used to help provide evidence on these two questions. The competition was launched with much fanfare, and attracted almost 24,000 entrants. Random assignment was used to select some of the winners from a pool of semi-finalists, with US$36 million in randomly allocated grant funding providing each winner with an average of almost US$50,000. Surveys tracking applicants over three years show that winning the business plan competition leads to greater firm entry, higher survival of existing businesses, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having 10 or more workers. These effects appear to occur largely through the grants enabling firms to purchase more capital and hire more labor.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/08/24899889/identifying-spurring-high-growth-entrepreneurship-experimental-evidence-business-plan-competition
dc.identifier.doi10.1596/1813-9450-7391
dc.identifier.urihttps://hdl.handle.net/10986/22437
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research working paper,no. WPS 7391,Impact Evaluation series;
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7391
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectEQUIPMENT
dc.subjectACCOUNTING
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectCUSTOMER
dc.subjectINSTALLATION
dc.subjectCERTIFICATE
dc.subjectMATERIALS
dc.subjectSALES
dc.subjectRADIO STATIONS
dc.subjectE-COMMERCE
dc.subjectMEDIUM ENTERPRISES
dc.subjectBUSINESS SCHOOLS
dc.subjectINFORMATION
dc.subjectSELLING
dc.subjectMONITORING
dc.subjectENTREPRENEURIAL SKILL
dc.subjectBUSINESS NETWORKS
dc.subjectIMPACT ASSESSMENT
dc.subjectMEDIUM ENTERPRISE
dc.subjectCONSULTANTS
dc.subjectIMPACTS
dc.subjectNEW PRODUCTS
dc.subjectDISTRIBUTION
dc.subjectBREAKEVEN ANALYSIS
dc.subjectCASHFLOW
dc.subjectBUDGET CONSTRAINTS
dc.subjectCOMPUTER TRAINING
dc.subjectPRICE
dc.subjectOWNERSHIP
dc.subjectVERIFICATION
dc.subjectRETAIL TRADE
dc.subjectPLANNING
dc.subjectTIME PERIOD
dc.subjectENTREPRENEURIAL SKILLS
dc.subjectQUALITY
dc.subjectPERSONAL INFORMATION
dc.subjectREPORTING
dc.subjectTRAINING COURSE
dc.subjectREGISTRY
dc.subjectCOMPUTER
dc.subjectOPEN ACCESS
dc.subjectSATELLITE
dc.subjectTELEVISION
dc.subjectCOST EFFECTIVENESS
dc.subjectINSTITUTIONS
dc.subjectDATA
dc.subjectADVERTISING
dc.subjectTECHNICAL ASSISTANCE
dc.subjectCOMMERCE
dc.subjectCONTROL SYSTEMS
dc.subjectACQUISITION
dc.subjectBUSINESS INNOVATION
dc.subjectIMPACT EVALUATION
dc.subjectLICENSE
dc.subjectLOGISTICS
dc.subjectTARGETS
dc.subjectBUSINESS OWNERSHIP
dc.subjectPRODUCTIVITY
dc.subjectBUSINESS OPERATION
dc.subjectCRITERIA
dc.subjectDIRECT COSTS
dc.subjectMARKETING
dc.subjectMARKETING STRATEGY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectBUSINESS INPUTS
dc.subjectINVENTORIES
dc.subjectEMPLOYMENT CREATION
dc.subjectINVENTORY
dc.subjectRADIO
dc.subjectACCOUNT
dc.subjectBUSINESS ECONOMICS
dc.subjectBUSINESS APPLICATIONS
dc.subjectTELEPHONE
dc.subjectBUSINESS ORGANIZATION
dc.subjectRESOURCES
dc.subjectMANUFACTURING
dc.subjectPHONE
dc.subjectTECHNOLOGY
dc.subjectMARKET SEGMENTATION
dc.subjectTRAINING COURSES
dc.subjectINVENTORY LEVELS
dc.subjectVERTICAL INTEGRATION
dc.subjectBUSINESS PLAN
dc.subjectTIME FRAME
dc.subjectSOFTWARE
dc.subjectCUSTOMER BASE
dc.subjectRESULTS
dc.subjectNETWORKS
dc.subjectCOST
dc.subjectPRIVATE SECTOR
dc.subjectBALANCE SHEET
dc.subjectTRANSPARENT WAY
dc.subjectQUALITY CONTROL
dc.subjectMARKETING RESEARCH
dc.subjectRESULT
dc.subjectINNOVATION POLICY
dc.subjectSECURITY
dc.subjectBUSINESSES
dc.subjectBUSINESS IDEAS
dc.subjectBUSINESS
dc.subjectNETWORK
dc.subjectBUSINESS LEADERS
dc.subjectPERFORMANCE
dc.subjectPURCHASING
dc.subjectBUSINESS PLANS
dc.subjectFINANCIAL PLANNING
dc.subjectINNOVATION
dc.subjectINSTITUTION
dc.subjectBUSINESS SECTORS
dc.subjectPROFIT
dc.subjectACCOUNTS
dc.subjectCOMMUNICATION
dc.subjectQUALITY ASSURANCE
dc.subjectNEW TECHNOLOGY
dc.subjectCUSTOMERS
dc.subjectBUSINESS IDEA
dc.subjectCOST PER JOB
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectPROFITS
dc.subjectCUSTOMER DEMAND
dc.subjectBUSINESS RESEARCH
dc.subjectGROWTH POTENTIAL
dc.subjectIMPLEMENTATION
dc.subjectTARGET
dc.subjectUSES
dc.subjectCASH FLOW
dc.subjectBUSINESS TRAINING
dc.titleIdentifying and Spurring High-Growth Entrepreneurshipen
dc.title.subtitleExperimental Evidence from a Business Plan Competitionen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/29067 Journal article (version of record)
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.crossref.titleIdentifying and Spurring High-Growth Entrepreneurship: Experimental Evidence from a Business Plan Competition
okr.date.disclosure2015-08-12
okr.date.doiregistration2025-04-10T10:03:36.064436Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/08/24899889/identifying-spurring-high-growth-entrepreneurship-experimental-evidence-business-plan-competition
okr.externalurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/08/12/090224b08306bb9a/1_0/Rendered/PDF/Identifying0an0ess0plan0competition.pdf
okr.globalpracticeFinance and Markets
okr.guid210491468178154286
okr.identifier.doi10.1596/1813-9450-7391
okr.identifier.externaldocumentum090224b08306bb9a_1_0
okr.identifier.internaldocumentum24899889
okr.identifier.reportWPS7391
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/08/12/090224b08306bb9a/1_0/Rendered/PDF/Identifying0an0ess0plan0competition.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPrivate Sector Development::E-Business
okr.unitFinance and Private Sector Development Team, Development Research Group
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:
Identifying0an0ess0plan0competition.pdf
Size:
914.88 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Identifying0an0ess0plan0competition.txt
Size:
198.77 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