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Returns to Capital in Microenterprises: Evidence from a Field Experiment

We use randomized grants to generate shocks to capital stock for a set of Sri Lankan microenterprises. We find the average real return to capital in these enterprises is 4.6%-5.3% per year), substantially higher than market interest rates. We then examine the heterogeneity of treatment effects. Retu...

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Bibliographic Details
Main Authors: de Mel, Suresh, McKenzie, David, Woodruff, Christopher
Language:EN
Published: 2012
Subjects:
Capital Budgeting
Fixed Investment and Inventory Studies G310
Financing Policy
Financial Risk and Risk Management
Capital and Ownership Structure G320
Economics of Gender
Non-labor Discrimination J160
Firm Performance: Size, Diversification, and Scope L250
Economic Development: Financial Markets
Saving and Capital Investment
Corporate Finance and Governance O160
Microdata Set
Online Access:http://hdl.handle.net/10986/5590

Internet

http://hdl.handle.net/10986/5590

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