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

Dietmar Grichnik, Jan Brinckmann, Luv Singh and Sophie Manigart

Journal of Business Venturing, 2014, vol. 29, issue 2, 310-326

Abstract: Although entrepreneurship scholars highlight bootstrapping as a key resource acquisition approach to respond to the inherent resource constraints that 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 perceived 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 into how these antecedents shape the use of particular bootstrapping strategies. Findings contribute to our understanding of factors driving resource management approaches in nascent ventures.

Keywords: Bootstrapping; Human capital; Social capital; Environmental munificence; Nascent ventures (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (41)

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Working Paper: Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:29:y:2014:i:2:p:310-326

DOI: 10.1016/j.jbusvent.2013.02.006

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