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Field
Primary Outcomes (End Points)
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Before
Revenue forecasts, realized revenues, accuracy of revenue forecasts, firm growth, firm profitability, firm growth path, hiring, intended hiring, elasticity of intended and realized hiring in response to revenue changes, elasticity of intended and realized hiring in response to net present value of hiring, level and changes in net present value of hiring, insurance premium on NPV of hiring, certainty equivalent of net present value in hiring, uncertainty in revenue and net present value of hiring, firm investment, hours worked by firm owner or employees, firm productivity, new product development, measures of strategic initiatives from text data, measures of overconfidence (overestimation, overprecision and overplacement)
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After
Revenue forecasts, realized revenues, accuracy of revenue forecasts, firm growth, firm profitability, firm growth path, hiring, intended hiring, elasticity of intended and realized hiring in response to revenue changes, firm productivity, new product development, measures of strategic initiatives from text data, measures of overconfidence (overestimation, overprecision and overplacement), measures of misattribution bias, measures of digital technology adoption, measures of different types of perceived risk
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Field
Planned Number of Observations
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Before
400 firms, 6 observations per firm, so 2,400 observations without attrition. However, we will replenish firms to offset sample attrition.
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After
1000 firms, 12 observations per firm. However, we will replenish firms to offset sample attrition. We will run the treatments in the replenished firms.
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Field
Sample size (or number of clusters) by treatment arms
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Before
200 firms in treatment 1, 200 firms in treatment 2
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After
333 in control group, 333 firms in treatment 1, 333 firms in treatment 2
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