“…An entrepreneur-level factor important in explaining firm growth is human capital, such as the educational level, especially university degree, and the skills and experience of the owners, which are found to have a significant impact on firm performance (Belas et al, 2019;Black & Lynch, 1996;Camis on-Haba et al, 2019;Gennaioli et al, 2013) and also contribute to social and technological change (Dalmarco et al, 2018;Sansone et al, 2019). However in some previous studies in transition, university education is found to have negative impact on firm growth signalling the low quality of the education system in such countries (Bartlett & Bukvi c, 2001;Xheneti & Bartlett, 2012).…”