Erschienen in:Swedish House of Finance Research Paper ; No. 20-29
Umfang:
1 Online-Ressource (83 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3450851
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 20, 2021 erstellt
Beschreibung:
This paper studies the impact of a course in finance for executives of medium and large enterprises on firm policies and performance through a randomized controlled trial (RCT) in Mozambique. Survey data and accounting data provide consistent evidence that managers change firm financial policies in response to finance education. Reductions in working capital generate an increase in cash flows used to finance long-term investments. Those changes improve the performance of the treated firms. Overall, our results suggest that relatively small and low-cost interventions can help firms to mitigate financial constraints and potentially affect economic development