EVALUATING A GREEN ENTREPRENEURSHIP ACCELERATOR FOR IMPROVING ECONOMIC AND ENVIRONMENTAL OUTCOMES IN INDIA

Last registered on October 13, 2023

Pre-Trial

Trial Information

General Information

Title
EVALUATING A GREEN ENTREPRENEURSHIP ACCELERATOR FOR IMPROVING ECONOMIC AND ENVIRONMENTAL OUTCOMES IN INDIA
RCT ID
AEARCTR-0011582
Initial registration date
June 22, 2023

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
June 28, 2023, 2:58 PM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Last updated
October 13, 2023, 11:57 AM EDT

Last updated is the most recent time when changes to the trial's registration were published.

Locations

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Primary Investigator

Affiliation
Mays Business School, Texas A&M University

Other Primary Investigator(s)

PI Affiliation
PI Affiliation
University of Chicago Booth

Additional Trial Information

Status
On going
Start date
2023-05-19
End date
2027-08-01
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
Our proposed impact evaluation study aims to provide the empirical evidence to determine if green accelerators are successful and scalable. This is a randomized controlled field experiment that allows for causal examination of combining multiple interventions into one business support program.
External Link(s)

Registration Citation

Citation
Anderson, Stephen J., Pradeep Chintagunta and Rachel Ramey. 2023. "EVALUATING A GREEN ENTREPRENEURSHIP ACCELERATOR FOR IMPROVING ECONOMIC AND ENVIRONMENTAL OUTCOMES IN INDIA." AEA RCT Registry. October 13. https://doi.org/10.1257/rct.11582-1.1
Sponsors & Partners

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Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2023-05-19
Intervention End Date
2026-11-01

Primary Outcomes

Primary Outcomes (end points)
Our proposed impact evaluation study aims to provide the empirical evidence to determine if such a green accelerator is successful and scalable. In doing so, this study will also add to the literature by conducting a randomized controlled field experiment that allows for causal examination of combining multiple interventions into one business support program. Specifically, our field experiment will empirically identify the ‘main effects’ of a green entrepreneurship accelerator on a firm’s economic impact (e.g., increased performance via sales, profits and employees) as well as environmental impact (e.g., decreased carbon emissions via operations, offerings and offsets) – i.e., the achievement of sustainable business growth. In addition, the impact evaluation study will provide insights on the ‘mechanisms’ (or intervening changes) that underlie the success of the TechnoServe green accelerator program. Finally, we will compare the efficacy of a pipeline versus funneling approach for advancing entrepreneurs through each stage of an accelerator. Targeting the highest value interventions at the highest growth-oriented entrepreneurs (i.e., those who move through the funnel) can provide novel insights on maximizing the potential returns from scarce ‘development’ resources.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
Randomized Controlled Field Experiment
Experimental Design Details
Not available
Randomization Method
Computer
Randomization Unit
Firm level randomization
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
400 firms
Sample size: planned number of observations
400 firms
Sample size (or number of clusters) by treatment arms
133 firms pipeline, 133 funnel, 133 control
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Applications to participate in the project will be voluntary, so some degree of uncertainty remains regarding the number of applicants the project will recruit into the study’s sampling frame and, in turn, the size of the initial sample for randomization. We will work closely with the TechnoServe team to ensure an effective marketing campaign is implemented – with clear and consistent communication that attracts many green entrepreneurs across India to apply online. If TechnoServe can reach a broad audience through its marketing campaign, then the number of recruited firms that meet the eligibility criteria (sampling frame of ~630 firms) should be sufficient for obtaining the sample size required based on our power calculations (initial sample of ~400 firms at randomization). This is a nontrivial but critical task. Having fewer than 133 firms per experimental group would threaten statistical validity by reducing the power of our overall study design. We will advise the TechnoServe team and coordinate recruitment efforts to give our impact evaluation study the best chance of a successful launch. In addition, low take-up rates also constitute a typical challenge in multi-year field experiments with small firms. The upfront adoption of a program, as well as continued compliance, play an important role in maintaining a high level of intervention strength (i.e., a ‘strong hammer’ that can move the needle in terms changing entrepreneur behaviors and business activities). A stronger intervention should improve the signal-to-noise ratio by increasing the ‘signal’ or effect size (i.e., a larger treatment coefficient in our regressions). Achieving a minimum take-up rate of 90% is therefore essential for having the statistical power needed to interpret the results of our analyses. Offering attractive programs (in all three stages) is helpful in this regard. The funneling approach is also designed to encourage take up among the screened and targeted firms. Moreover, take-up rates could also be enhanced by the fact that all firms in the project (including those outside the funneling treatment group) may be offered the chance to obtain green financial capital via project-supported access to carbon markets at the end of the study period. Statistical power can also be enhanced through better measurement of outcomes that improves the signal-to-noise ratio by decreasing ‘noise’ or variance (i.e., smaller standard errors in our regressions). In addition to conducting numerous data checks (especially for outcome measures), we will also reduce the influence of outliers by winsorizing values 1% on each tail and constructing indexes to represent a family of outcomes. For instance, we can create an overall ‘performance index’ that captures each firm’s baseline-to-endline change in sales, profits and employees. Likewise, we can construct an overall ‘carbon index’ that represents an individual firm’s greenhouse gas emissions via operations, offerings and offsets. Our data collection instruments can also be designed to incorporate anchoring, aggregating and adjusting steps that improve measurement of key outcomes (see Anderson, Lazicky and Zia 2021). Sample Size Calculations. The sample size is determined by the TechnoServe program budget, as well as the research team’s recognition that it may be challenging to secure a sample of more than 400 green SGBs in India that meet all eligibility criteria and provide complete data on the Recruitment Survey and Baseline Survey. Our power calculations are then designed to check whether this is a reasonable sample size for detecting effects on changes in economic and environmental outcomes (e.g., firm performance, carbon emissions). Table 1 summarizes the results of this exercise under different assumptions. Given the high intervention intensity, on average, treated firms may achieve a 30% improvement on a standardized index of firm performance (or carbon emissions). Next, under reasonable assumptions – such as a coefficient of variation of 1.00, 80% power, and 2 post data collection rounds – it follows that the study would be sufficiently powered if ~100 firms remained in each experimental group for analysis (i.e., to compare the funnel treatment against control). Obtaining this final sample is plausible if we start with an initial sample of ~133 firms per group: • First, if we estimate a 10% non-adoption rate (or 90% take-up rate), then ~120 firms per treatment group would be adopting their assigned program. This means ~13 firms would no longer be participating in the study. • Second, if we assume an additional 15% attrition in the post-intervention period, then ~18 firms per group would attrite (i.e., they cannot be located or do not respond in the follow-up survey rounds). 24 IE Proposal TechnoServe Green Accelerator • In the end, our final sample size for analysis (via ANCOVA) would include ~102 firms per experimental group. This is in line with the power calculations in Table 1 (refer to the highlighted scenario with 1 pre and 2 post rounds5 of data collection). Critically, however, if our design and budget allow for 3 post data collection rounds, the study will have greater power (which decreases risk) and more degrees of freedom for analyzing heterogeneous treatment effects (which adds insights).
IRB

Institutional Review Boards (IRBs)

IRB Name
Institute for Financial Management of Research
IRB Approval Date
2023-04-19
IRB Approval Number
IRB00007107