Limited Impact of Business Development Programs on Profitability in the Presence of Ambiguity Aversion

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dc.contributor.authorShapiro, Dmitry
dc.date.accessioned2021-10-05T15:06:25Z
dc.date.available2021-10-05T15:06:25Z
dc.date.issued2020-04
dc.descriptionThis paper presents an analysis of business development programs (BDPs) based on a theoretical framework aimed at understanding the mixed effect of business training on entrepreneurs. There has been an emerging empirical literature on the use of BDPs to improve business knowledge, management practices, and overall profitability of microentrepreneurs in developing countries. However, the effect of such programs is mixed. In the author’s framework, entrepreneurs are ambiguity-averse and have multiple sources of income (e.g., business and wage incomes). The paper shows that a mismatch between a BDP’s narrow focus on business-promoting strategies and the wider context in which microentrepreneurs operate can limit the impact of business training.
dc.format.extent38
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/impact-business-development-programs-profitability
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5805
dc.subject.otherEconomics
dc.subject.otherIndustry and trade
dc.subject.otherPrivate sector development
dc.subject.otherSmall and medium enterprise
dc.titleLimited Impact of Business Development Programs on Profitability in the Presence of Ambiguity Aversion
local.publication.countryAsia and the Pacific

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