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Field Before After
Last Published December 10, 2018 07:39 PM December 10, 2018 07:48 PM
Study Withdrawn No
Intervention Completion Date November 13, 2015
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) 346 firms
Was attrition correlated with treatment status? Yes
Final Sample Size: Total Number of Observations Sample size depends varying on outcome: Investment readiness scores from judges measured for 211 firms Media buzz measured for all 346 firms Basic information collected on 92% of firms in follow-up survey 1, and 95% in follow-up survey 2 At least short survey collected on 79% of firms in follow-up survey 1, and 85% in follow-up survey 2 See appendix of paper for rates by treatment status
Final Sample Size (or Number of Clusters) by Treatment Arms 174 firms assigned to treatment, 172 to control As noted above, sample size varies by outcome - see paper appendix.
Is there a restricted access data set available on request? No
Program Files No
Data Collection Completion Date March 31, 2018
Is data available for public use? No
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Papers

Field Before After
Paper Abstract Many innovative firms have good ideas, but do not have these ideas fine-tuned 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, treated firms attain significantly more media attention, but, while positive, the impacts on firm outcomes are not statistically significant, with firms 5 percentage points (-4.7 p.p., +14.7p.p.) more likely to have made a deal with an outside investor.
Paper Citation Cusolito, Ana, Ernest Dautovic and David McKenzie (2018) "Can Government Intervention Make Firms More Investment-Ready? A Randomized Experiment in the Western Balkans", World Bank Policy Research Working Paper no 8541
Paper URL http://documents.worldbank.org/curated/en/453261533567046459/Can-government-intervention-make-firms-more-investment-ready-a-randomized-experiment-in-the-Western-Balkans
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