Growth aspirations and social capital: young firms in a post-conflict environment

Adnan Efendic, Tomasz Mickiewicz*, Anna Rebmann

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


This article explores the growth aspirations of owners and managers of young firms in a post-conflict economy by focusing on social capital. It treats social capital as a multidimensional, multilevel phenomenon, studying the effects of discussion network characteristics, trust in institutions, generalised trust in people and local ethnic pluralism. We argue that in a post-conflict country, ethnic pluralism is indicative of local norms of tolerance towards experimentation and risk taking which support growth aspirations. It also distinguishes between the aspirations of hired managers and owners-managers. The empirical counterpart and hypotheses testing rely on survey evidence drawn from young businesses in Bosnia and Herzegovina.

Original languageEnglish
Pages (from-to)537-561
Number of pages25
JournalInternational Small Business Journal
Issue number5
Early online date6 Feb 2014
Publication statusPublished - Aug 2014


  • ethnic diversity
  • growth aspirations
  • institutions
  • networks
  • social capital
  • trust


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