Department of Economics and Business Economics

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

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  • Antonia Grohmann
  • DIW Ber, Leibniz Universität Hannover, Humboldt University of Berlin, Leibniz Universitt Hannover, DIW Berlin, Germany
  • Helke Seitz, DIW Berlin, Germany
This RCT 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 “rules-ofthumb” training approach. We compare this to the effects of a “rules-of-thumb” trainings by itself and to a control group. Targeting about 500 small and micro entrepreneurs in Kampala, Uganda, we find that the personalized feedback training significantly improves outcomes at the six-months 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".
Original languageEnglish
JournalEconomic Development and Cultural Change
Publication statusAccepted/In press - 2020

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