TY  - BOOK
AU  - Chatterji,Aaron
AU  - Delecourt,Solène
AU  - Hasan,Sharique
AU  - Koning,Rembrand M.
ED  - National Bureau of Economic Research.
TI  - When Does Advice Impact Startup Performance?
T2  - NBER working paper series
PY  - 2018///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - July 2018; Hardcopy version available to institutional subscribers
N2  - Why do some entrepreneurs thrive while others fail? We explore whether the advice entrepreneurs receive about people management influences their firm's performance. We conducted a randomized field experiment in India with 100 high-growth technology firms whose founders received in-person advice from other entrepreneurs who varied in their managerial style. We find that entrepreneurs who received advice from peers with an active approach to managing people-instituting regular meetings, setting goals consistently, and providing frequent feedback to employees-grew 28% larger and were 10 percentage points less likely to fail than those who got advice from peers with a passive people-management approach two years after our intervention. Entrepreneurs with MBAs or accelerator experience did not respond to this intervention, suggesting that formal training can limit the spread of peer advice
UR  - https://www.nber.org/papers/w24789
UR  - http://dx.doi.org/10.3386/w24789
ER  -