Zia, BilalBruhn, Miriam2012-03-192012-03-192011-04-01https://hdl.handle.net/10986/3406Identifying 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.CC BY 3.0 IGOACCOUNTINGADMINISTRATIVE DATAANNUAL INTEREST RATEANNUAL PERCENTAGE RATEBALANCE SHEETBANK ACCOUNTBANK ACCOUNTSBANKSBORROWERBUSINESS ACTIVITIESBUSINESS ACUMENBUSINESS CREATIONBUSINESS DEVELOPMENTBUSINESS EDUCATIONBUSINESS ENTRYBUSINESS GROWTHBUSINESS INVESTMENTBUSINESS LOANBUSINESS LOANSBUSINESS OPPORTUNITYBUSINESS OWNERSBUSINESS PERFORMANCEBUSINESS PLANBUSINESS PLANNINGBUSINESS RISKBUSINESS SCHOOLBUSINESS SKILLSBUSINESS STARTUPBUSINESS SURVIVALBUSINESS TRAININGBUYERSCALCULATIONSCAPITAL GROWTHCAPITAL INVESTMENTCASH FLOWCASH TRANSFERSCHAMBER OF COMMERCECHECKSCOMPOUND INTERESTCONTRIBUTIONCONTRIBUTIONSCREDIT CARDCREDIT CARDSCREDIT LINECREDIT OFFICERSCREDIT REGISTRYCREDITSCURRICULUMDEBTDEMOGRAPHIC CHARACTERISTICSDEPOSITSDEVELOPMENT BANKDEVELOPMENT CENTERDIVERSIFICATIONDIVERSIFICATION STRATEGIESECONOMIC GROWTHEDUCATION PROGRAMEDUCATION PROGRAMSENTREPRENEURENTREPRENEURSENTREPRENEURSHIP DEVELOPMENTENTREPRENEURSHIP TRAININGEXPENDITURESEXTERNAL FINANCEFARMERFAVORABLE TERMSFINANCESFINANCIAL ANALYSISFINANCIAL CRISISFINANCIAL EDUCATIONFINANCIAL EDUCATION COURSEFINANCIAL EDUCATION PROGRAMFINANCIAL EXPERIENCEFINANCIAL INSTITUTIONFINANCIAL KNOWLEDGEFINANCIAL LITERACYFINANCIAL LITERACY PROGRAMFINANCIAL LITERACY PROGRAMSFINANCIAL LITERACY TRAININGFINANCIAL PLANNINGFINANCIAL REPORTSFINANCIAL RESPONSIBILITYFINANCIAL SERVICESFINANCIAL SUPPORTFINANCIAL SYSTEMFINANCIAL TRAININGFORMAL FINANCIAL SERVICESGENDERGOOD CREDITGOOD CREDIT HISTORYHOUSEHOLD FINANCESINCOMEINSTALLMENTSINTEREST RATESINTERNAL FINANCINGINTERNATIONAL BANKINVESTINGINVESTMENT PORTFOLIOLABOR FORCELABOR FORCE SURVEYLACK OF CAPITALLATE PAYMENTLIABILITYLIVING STANDARDSLOANLOAN AMOUNTLOAN AMOUNTSLOAN ANALYSISLOAN BEHAVIORLOAN CHARACTERISTICSLOAN CLIENTSLOAN DEFAULTLOAN PAYMENTLOAN PAYMENTSLOAN PORTFOLIOLOAN TERMLOAN TERMSLOWER INTEREST RATEMARKET CONDITIONSMARKET ECONOMIESMARKETINGMARKETING CAMPAIGNMARKETING CAMPAIGNSMEDIUM ENTERPRISESMICRO ENTERPRISESMICRO ENTREPRENEURSMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONSMINIMUM PAYMENTNEW BUSINESSNEW BUSINESSESNEW PRODUCTSPERSONAL INVESTMENTSPHYSICAL CAPITALPROBABILITYPRODUCTIVITYPURCHASESPURCHASINGREAL ASSETSREGRESSION ANALYSISREPAYMENTRESEARCH ASSISTANCERISK AVERSIONSALESSALES STRATEGIESSAVINGSSAVINGS ACCOUNTSAVINGS BEHAVIORSECONDARY SCHOOLSELF EMPLOYMENTSELLINGSOURCES OF INCOMESTOCK MARKETTAXABLE INCOMETRADE CREDITTRAINING COURSETRAINING COURSESTRAINING PROGRAMTRAINING PROGRAMSTYPES OF COSTSUNEMPLOYMENTVALUABLEWORKING CAPITALWorld Bank10.1596/1813-9450-5642