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|Title: ||The use of financial bootstrapping in small and medium-sized ventures and the impact on venture growth and performance|
|Authors: ||Laveren, E.|
|Issue Date: ||2010|
|Publisher: ||EIASM / UM|
|Citation: ||Van Gils, Anita & Carree, Martin & Bammens, Yannick (Ed.) Proceedings Rent: The Entrepreneurial Process in a Changing Economy. p. 68-68.|
|Abstract: ||This paper contributes to the general knowledge of bootstrap financing among new family ventures in two ways. Firstly, this research reveals which human capital characteristics of the owner-manager has an impact on financial bootstrapping use. The empirical results indicate that the use of bootstrapping techniques does not depend upon the founder’s education, but that it is a skill which is absorbed from self-employed parents or during the founder’s prior work and management experiences. Secondly, in line with the resource dependency theory, we show that a relationship between financial bootstrapping and venture growth is present.|
|Type: ||Proceedings Paper|
|Appears in Collections: ||Research publications|
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