Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229005
Authors: 
Cusolito, Ana Paula
Dautovic, Ernest
McKenzie, David J.
Year of Publication: 
2020
Series/Report no.: 
ECB Working Paper No. 2391
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.
Subjects: 
start-ups
innovation
equity investment
entrepreneurship
randomized controlled trial
JEL: 
L26
M2
M13
O1
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4034-4
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.