Beyond Environmental Scarcity : Human and Social Capital as Driving Forces of Bootstrapping Activities
Journal
Journal of Business Venturing
ISSN
1873-2003
ISSN-Digital
1873-2003
Type
journal article
Date Issued
2014-03
Author(s)
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.
Language
English
Keywords
Bootstrapping
Human capital
Social capital
Environmental munificence
Nascent ventures
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Publisher
Elsevier Science
Publisher place
New York
Volume
29
Number
2
Start page
310
End page
326
Pages
17
Subject(s)
Division(s)
Eprints ID
218825