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

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 (Campos et al, 2017). This paper revisits these entrepreneurs after seven years, and finds 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 dissipates, and capital build-up is much more limited.

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Bibliographic Details
Main Authors: Campos, Francisco, Frese, Michael, Iacovone, Leonardo, Johnson, Hillary C., McKenzie, David, Mensmann, Mona
Format: Working Paper biblioteca
Language:English
en_US
Published: Washington, DC: World Bank 2024-10-01
Subjects:MICROENTREPRENEURSHIP, BUSINESS TRAINING, PERSONAL INITIATIVE, FIRM GROWTH, DECENT WORK AND ECONOMIC GROWTH, SDG 8,
Online Access:http://documents.worldbank.org/curated/en/099432110012435711/IDU1738abbbc1f83d14a1e19bd718610cf96c99e
https://hdl.handle.net/10986/42221
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