The impact of entrepreneurial capital and rapidly growing firms: the Canadian example

Abstract

World-class competitiveness is no longer an option for firms seeking growth and survival in the increasingly competitive, dynamic and interconnected world. This paper expands on the concept of entrepreneurial capital (EC) and formalises it as a catalyst that augments other productive factors. It provides empirical evidence from small, young, high-growth enterprises that EC contributes significantly to their growth through such augmentation. As emerging industries and regions face similar challenges as those of high and rapidly-growing smaller enterprises in increasingly more hostile environments that also suffer from poor resources, this research offers significant lessons with implications for emerging firms, industries and associated regions that aspire to grow faster.