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

D. Grichnick, J. Brinckman, L. Singh and Sophie Manigart

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: Although entrepreneurship scholars highlight bootstrapping as an important resource acquisition approach to respond to the inherent resource constraints which nascent ventures face, little is known about what causes nascent ventures to engage in bootstrapping. Theory highlights the environment as an important determinant of bootstrapping activity. Analyzing bootstrapping behavior of 298 nascent ventures, 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 venture’s 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.

Keywords: Bootstrapping; Human capital; Social capital; Environmental munificence; Nascent ventures (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 H6 (search for similar items in EconPapers)
Date: 2013-01
New Economics Papers: this item is included in nep-ent, nep-env, nep-hrm and nep-res
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:13/829

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