Back to History

Fields Changed

Registration

Field Before After
Trial Status on_going completed
Last Published June 20, 2022 03:17 AM December 12, 2023 11:13 AM
Study Withdrawn No
Intervention Completion Date December 31, 2021
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) 151 projects
Was attrition correlated with treatment status? No
Final Sample Size: Total Number of Observations 756 survey responses across 6 data collection points; 719 interview responses across 6 data collection points
Final Sample Size (or Number of Clusters) by Treatment Arms 76 projects in the experimentation-driven condition; 75 projects in the theory-driven condition;
Data Collection Completion Date July 31, 2022
Back to top

Other Primary Investigators

Field Before After
Affiliation University of Maryland University of North Carolina Chapel Hill
Back to top
Field Before After
Affiliation Bocconi University Vrije Universiteit Amsterdam
Back to top

Papers

Field Before After
Paper Abstract Entrepreneurs making decisions under uncertainty are encouraged to evaluate their initial ideas through hypothesis testing, but entrepreneurial approaches vary in their emphasis on ex-ante theory development prior to collecting evidence. In this paper, we examine whether and how entrepreneurs benefit from adopting an evidence-based approach or a theory-and-evidence-based approach to decision-making. We conducted a field experiment with Tanzanian agribusiness entrepreneurs by randomly assigning entrepreneurs to two different training conditions. We find that entrepreneurs in the theory-and-evidence-based condition have higher economic performance during the observation period following the intervention. We conjecture this result stems from differences in the types of changes enacted: entrepreneurs in the theory-and-evidence-based training make more coordinated changes that encompass both core and operational elements of their business models.
Paper Citation Agarwal, Rajshree and Bacco, Francesca and Camuffo, Arnaldo and Coali, Andrea and Gambardella, Alfonso and Msangi, Haji and Sonka, Steven T. and Temu, Anna and Waized, Betty and Wormald, Audra, Does a Theory-of-Value Add Value? Evidence from a Randomized Control Trial with Tanzanian Entrepreneurs (April 6, 2023). Bocconi University Management Research Paper, Available at SSRN: https://ssrn.com/abstract=4412041 or http://dx.doi.org/10.2139/ssrn.4412041
Paper URL https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4412041
Back to top