• Login
    View Item 
    •   Vlerick Repository Home
    • Research Output
    • Articles
    • View Item
    •   Vlerick Repository Home
    • Research Output
    • Articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of Vlerick RepositoryCommunities & CollectionsPublication DateAuthorsTitlesSubjectsKnowledge Domain/IndustryThis CollectionPublication DateAuthorsTitlesSubjectsKnowledge Domain/Industry

    My Account

    LoginRegister

    Contact & Info

    ContactVlerick Journal ListOpen AccessVlerick Business School

    Statistics

    Display statistics

    A longitudinal study on the relationship between financial bootstrapping and new venture growth

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Publication type
    Journal article with impact factor
    Author
    Vanacker, Tom
    Manigart, Sophie
    Meuleman, Miguel
    Sels, Luc
    Publication Year
    2011
    Journal
    Entrepreneurship & Regional Development
    Publication Volume
    23
    Publication Issue
    9/10
    Publication Begin page
    681
    Publication End page
    705
    
    Metadata
    Show full item record
    Abstract
    While bootstrap finance is widely used in entrepreneurial ventures, both scholars and practitioners have presented conflicting views on the relation between financial bootstrapping and venture growth. This article empirically investigates the association between bootstrap strategies used at startup and subsequent venture growth. For this purpose, we use a longitudinal database comprising data from both questionnaires and financial accounts of 214 new ventures. Findings demonstrate that the association between financial bootstrapping and venture growth is either nonexistent or positive. More specifically, new ventures that use more owner funds, employ more interim personnel, encourage customers to pay more quickly, and apply for more subsidy programs exhibit higher growth over time. We discuss the managerial and policy implications of these results and suggest avenues for future research.
    Keyword
    Entrepreneurship, Entrepreneurial Finance, Financial Bootstrapping, Startups, Growth, Bootstrap Strategies, Venture Development
    Knowledge Domain/Industry
    Entrepreneurship
    DOI
    10.1080/08985626.2010.502250
    URI
    http://hdl.handle.net/20.500.12127/3680
    ae974a485f413a2113503eed53cd6c53
    10.1080/08985626.2010.502250
    Scopus Count
    Collections
    Articles

    entitlement

     
    DSpace software (copyright © 2002 - 2023)  DuraSpace
    Quick Guide | Contact Us
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.