Although entrepreneurship scholars highlight bootstrapping as an important resource acquisition approach to respond to the inherent resource constraints which nascent entrepreneurs face, little is known about what causes nascent entrepreneurs to engage in bootstrapping. Theory highlights the environment as an important determinant of bootstrapping activity. Analyzing bootstrapping behavior of 298 nascent entrepreneurs, we find that beyond environmental factors, individual characteristics of the nascent entrepreneurs and factors relating to the embeddedness of the entrepreneurs in the environment determine their bootstrapping behavior. In a more fine-grained analysis we gain insights how theses antecedents shape the use of particular bootstrap strategies. Findings contribute to our understanding of how early resource management approaches are developed in nascent ventures.

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Grichnik, Dietmar; Brinckmann, Jan; Singh, Luv; Manigart, Sophie

Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities

03/2014
Although entrepreneurship scholars highlight bootstrapping as an important resource acquisition approach to respond to the inherent resource constraints which nascent entrepreneurs face, little is known about what causes nascent entrepreneurs to engage in bootstrapping. Theory highlights the environment as an important determinant of bootstrapping activity. Analyzing bootstrapping behavior of 298 nascent entrepreneurs, we find that beyond environmental factors, individual characteristics of the nascent entrepreneurs and factors relating to the embeddedness of the entrepreneurs in the environment determine their bootstrapping behavior. In a more fine-grained analysis we gain insights how theses antecedents shape the use of particular bootstrap strategies. Findings contribute to our understanding of how early resource management approaches are developed in nascent ventures.
Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities
Grichnik, Dietmar; Brinckmann, Jan; Singh, Luv; Manigart, Sophie
Journal of Business Venturing
Vol. 29, nº 2, 03/2014, p. 310 - 326

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