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This study contributes to the literature on the factors that affect potential growth of the firm. The findings may be useful for financial managers, investors, and financial management consultants. | Journal of Applied Finance Banking vol.1 no.4 2011 107-123 ISSN 1792-6580 print version 1792-6599 online International Scientific Press 2011 Factors that Affect Potential Growth of Canadian Firms Amarjit Gill1 and Neil Mathur2 Abstract The purpose of this study is to find the factors that affect potential growth of Canadian firms. This study also seeks to extend the study of Mateev and Anastasov 1 . A sample of 164 Canadian firms listed on the Toronto Stock Exchange for a period of 3 years from 2008-2010 was selected. This study applied co-relational and non-experimental research design. The findings of this paper show that potential growth of Canadian firms is affected by firm size current liquidity leverage cash flow age and industry. This study contributes to the literature on the factors that affect potential growth of the firm. The findings may be useful for financial managers investors and financial management consultants. JEL classification numbers G32 Keywords Potential growth firm size cash flows current ratio leverage 1 College of Business Administration Trident University International 5757 Plaza Drive CA 90630 USA e-mail agill@tuiu.edu 2 School of Business Administration Simon Fraser University 515 W. Hastings St Vancouver BC V6B 5K3 Canada e-mail nmathur@sfu.ca Article Info Revised November 21 2011. Published online December 30 2011 108 Factors that Affect Potential Growth of Canadian Firms 1 Introduction Business growth plays an integral role in the Canadian economy 2 . This study examines the factors that affect the potential growth of Canadian firms listed on the Toronto Stock Exchange. Potential growth in the context of this study is defined as estimated growth that a firm sees based on the parameters like firm size cash flows capital structure previous years performance and others. The understanding of the potential growth is important for investors who like to invest in the stock market. Different theories that have attempted to identify the main
