全球智库信息集成服务系统(G2TT): DP15294 The Impact of Financial Education of Managers on Medium and Large Enterprises - A Randomized Controlled Trial in Mozambique

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15294
	DP15294 The Impact of Financial Education of Managers on Medium and Large Enterprises - A Randomized Controlled Trial in Mozambique
	Cláudia Custódio; Diogo Mendes; Daniel Metzger
发表日期	2020-09-15
出版年	2020
语种	英语
摘要	This paper studies the impact of a course in "Finance" for top managers of medium and large enterprises in Mozambique through a randomized controlled trial (RCT). Survey data and accounting data provide consistent evidence that managers change firm financial policies in response to finance education. The largest treatment ef- fect is on short-term financial policies related to working capital. Reductions in accounts receivable and inventories generate an increase in cash flows used to finance long-term investments. Those policy changes also improve the performance of the treated firms. Overall, our results suggest that relatively small and low-cost interventions, such as a standard executive education program in finance, can help firms to mitigate financial constraints and potentially affect economic development.
主题	Development Economics ; Financial Economics
关键词	Financial literacy Financial education Rct Financing constraints Ceos
URL	https://cepr.org/publications/dp15294
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/544272
推荐引用方式 GB/T 7714	Cláudia Custódio,Diogo Mendes,Daniel Metzger. DP15294 The Impact of Financial Education of Managers on Medium and Large Enterprises - A Randomized Controlled Trial in Mozambique. 2020.