The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

Artikel

This randomized controlled trial examines the effect of a new finance training style during which participants are given personalized feedback on their financial business outcomes in addition to a rule-of-thumb training approach. We compare this with the effects of a rule-of-thumb training by itself and a control group. Targeting about 500 small entrepreneurs in Uganda, we find that the personalized feedback training significantly improves outcomes at the 6-month horizon. The index of primary outcomes increases by 0.258 SD units, and overall savings improve by 0.257 SD units. Survey results suggest that feedback partly works by increasing motivation, in line with feedback intervention theory.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economic Development and Cultural Change ; ISSN: 1539-2988 ; Volume: 70 ; Year: 2022 ; Issue: 3 ; Pages: 1197-1227 ; Chicago: The University of Chicago Press

Classification and Topics

• Classification: Wirtschaft ; Microeconomic Analyses of Economic Development ; Firm Behavior: Empirical Analysis ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Entrepreneurship
• Subject: Financial Training ; Feedback ; Small Business Growth ; Economic Development

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Grohmann, Antonia ; Menkhoff, Lukas ; Seitz, Helke
• Event: Veröffentlichung
• (who): The University of Chicago Press ; ZBW - Leibniz Information Centre for Economics
• (where): Chicago
• (when): 2020

Further information

• DOI: doi:10.1086/713928
• Handle: http://hdl.handle.net/10419/270907
• Last update: 10.03.2025, 11:43 AM CET