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

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    Publication type
    FT ranked journal article  
    Author
    Grichnik, Dietmar
    Brinckmann, Jan
    Singh, Luv
    Manigart, Sophie
    Publication Year
    2014
    Journal
    Journal of Business Venturing
    Publication Volume
    29
    Publication Issue
    2
    Publication Begin page
    310
    Publication End page
    326
    
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    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.
    Keyword
    Bootstrapping, Human Capital, Social Capital, Environmental Munificence, Nascent Ventures
    Knowledge Domain/Industry
    Accounting & Finance
    DOI
    10.1016/j.jbusvent.2013.02.006
    URI
    http://hdl.handle.net/20.500.12127/4592
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.jbusvent.2013.02.006
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