Research SummaryFollowing a growing body of research indicating that most high‐growth entrepreneurial firms are “one hit wonders,” this article leverages Canadian survey and administrative data to investigate the relationship between recent entrepreneurial income and growth barriers, on the one hand, and the growth intentions of established firms, on the other. We draw on the theory of planned behavior to develop hypotheses on how salient information resulting from entrepreneurial experience may shape growth intentions. As anticipated, we find that higher incomes negatively associate with intentions. The picture for barriers is more mixed, such that recently experienced human resources and financial barriers positively associate with growth intentions and barriers related to competition and regulations negatively associate with intentions. The implications for policy and for further research are discussed.Managerial SummaryOur study investigates factors associated with growth expectations among small firms, utilizing descriptive and multivariate analyses. In doing this, we extend the theory of planned behavior into a study of established firms, recognizing that intentions are dynamic and will be shaped by experience of entrepreneurship. Key findings indicate that past performance significantly affects future growth expectations, while higher personal income correlates with lower growth intentions, suggesting entrepreneurs become “satisficers” as income increases. In addition, perceptions of external barriers are negatively associated with future expectations, while internal barriers do not significantly hinder them. This result implies that entrepreneurs perceive external challenges as beyond their control, affecting their confidence in future growth.

中文翻译：

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增长的收益和成长的烦恼：审视成熟企业家的增长意图


研究摘要根据越来越多的研究表明，大多数高增长创业公司都是“一击奇迹”，本文利用加拿大的调查和行政数据来调查近期创业收入和增长障碍与成熟公司的增长意愿之间的关系。我们借鉴计划行为理论来提出关于创业经验产生的突出信息如何塑造增长意图的假设。正如预期的那样，我们发现较高的收入与意向呈负相关。壁垒的情况更加复杂，因此最近经历的人力资源和财务壁垒与增长意图呈正相关，与竞争相关的壁垒和法规与意图呈负相关。讨论了对政策和进一步研究的影响。管理摘要我们的研究利用描述性和多变量分析调查了与小公司增长预期相关的因素。在此过程中，我们将计划行为理论扩展到对成熟公司的研究，认识到意图是动态的，并且将受到创业经验的影响。主要研究结果表明，过去的表现会显著影响未来的增长预期，而较高的个人收入与较低的增长意愿相关，这表明随着收入的增加，企业家会变得“满意”。此外，对外部障碍的看法与未来预期呈负相关，而内部障碍不会显着阻碍它们。这一结果意味着企业家认为外部挑战超出了他们的控制范围，从而影响了他们对未来增长的信心。