Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203630
Authors: 
Seitz, Helke
Menkhoff, Lukas
Grohmann, Antonia
Year of Publication: 
2019
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2019: 30 Jahre Mauerfall - Demokratie und Marktwirtschaft - Session: Development Economics I No. A03-V1
Abstract: 
This study examines the effect of two different finance trainings on business outcomes. The first training is based on a "rule-of-thumb" approach, teaching simple financial rules. The content of the second training is exactly the same but additionally provides personalized feedback on past financial performance and practices of the entrepreneur. Running a small intervention targeting 500 small and micro entrepreneurs in Kampala (Uganda), we find that the additional personalized feedback significantly improves overall savings by 0.279 standard deviation units. Analysing the specific feedbacks provided we find that not all feedbacks work in the same way to change behavior in the desired direction.
Subjects: 
Financial Training
Feedback
Small Business Growth
Economic Development
JEL: 
O12
D22
O16
L26
Document Type: 
Conference Paper

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