EconPapers    
Economics at your fingertips  
 

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

Ana Paula Cusolito, Ernest Dautović and David McKenzie
Additional contact information
Ana Paula Cusolito: World Bank

The Review of Economics and Statistics, 2021, vol. 103, issue 3, 428-442

Abstract: Innovative firms with good ideas may still struggle to fine-tune them to the stage where they can attract outside funding. We conduct a five-country randomized experiment that tests the impact of an investment readiness program. Firms then pitched their ideas to independent judges. The program resulted in a 0.3 standard deviation increase in the investment readiness score. Two years later, the average impacts on firm investment outcomes are positive but small in magnitude and not statistically significant. Larger and statistically significant impacts on receiving outside funding occur for smaller firms and for firms with lower likelihoods of otherwise being funded.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://doi.org/10.1162/rest_a_00882
Access to PDF is restricted to subscribers.

Related works:
Working Paper: Can government intervention make firms more investment-ready? A randomized experiment in the Western Balkans (2020) Downloads
Working Paper: Can Government Intervention Make Firms More Investment-Ready? A Randomized Experiment in the Western Balkans (2018) Downloads
Working Paper: Can government intervention make firms more investment-ready ? a randomized experiment in the Western Balkans (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:restat:v:103:y:2021:i:3:p:428-442

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().

 
Page updated 2025-04-07
Handle: RePEc:tpr:restat:v:103:y:2021:i:3:p:428-442