Long-Term and Lasting Impacts of Personal Initiative Training on Entrepreneurial Success

Francisco Campos, Michael Frese (), Leonardo Iacovone, Hillary C. Johnson, David McKenzie and Mona Mensmann
Additional contact information
Michael Frese: Leuphana University Lüneburg
Hillary C. Johnson: World Bank
Mona Mensmann: University of Cologne

No 17672, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: A randomized experiment in Togo found that personal initiative training for small businesses resulted in large and significant impacts for both men and women after two years. We revisit these entrepreneurs after seven years, and find long-lasting average impacts of personal initiative training of $91 higher profits per month, which is larger than the 2-year impacts. However, these long-term impacts are very different for men and women: the impact for men grows over time as they accumulate more capital and increase self-efficacy, whereas the impact for women is flat or declines, and capital build-up is much more limited.

Keywords: microentrepreneurship; business training; personal initiative; firm growth (search for similar items in EconPapers)
JEL-codes: D22 J16 J24 L26 O12 O17 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2025-02
New Economics Papers: this item is included in nep-ent, nep-exp, nep-lab and nep-sbm
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Working Paper: Long-Term and Lasting Impacts of Personal Initiative Training on Entrepreneurial Success (2024)
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