entrepreneurs in Enugu State, Nigeria between January and December 2012. 71 beneficiaries and 50 non beneficiaries of microfinance … institutions should be vigorously implemented so as to improve the performance of the client entrepreneurs. …

entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …