This chapter focuses on the effects of social capital on the growth aspirations of owners and managers of young businesses in a post-conflict country, namely Bosnia and Herzegovina (BiH). As post-conflict environments are fragile yet may also offer opportunities for economic turnaround, they call for special attention (Collier, 2008). Consistent with Penrose (1959), it is posited that firms’ growth strategies are primarily due to managerial capital; moreover, it is in the early stage of business activity in young firms that growth dynamism is particularly constrained by management. Enterprise is as much about firm growth as about emergence of new firms (Penrose, 1959), with growth being the critical stage of their development (Wright and Marlow, 2012).
|Title of host publication||Routledge Handbook of Entrepreneurship in Developing Economies|
|Publisher||Taylor & Francis|
|Number of pages||20|
|Publication status||Published - 22 Jul 2016|