Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

Financial Bootstrapping as Relational Contract : Linking resource needs, bootstrapping behaviors, and outcomes of bootstrapping exchanges

Kolyaka, Tanya LU orcid (2021) In Lund Studies in Economics and Management
Abstract
The aim of this thesis is to develop a conceptual model for understanding conditions for and outcomes of bootstrapping behaviors. Recent literature on financial bootstrapping in new firms acknowledges the necessity to consolidate and conceptualize the existing knowledge. Yet, the focus and findings of current research remain dispersed and at times contradictory, which might indicate the need for consolidation and conceptualization. Bootstrapping to date has been mostly studied cross-sectionally, with the help of quantitative methods and with reliance on theoretical concepts borrowed from disciplines that poorly describe a new firm’s reality. In this thesis, I develop the understanding of bootstrapping exchanges as relational contracts... (More)
The aim of this thesis is to develop a conceptual model for understanding conditions for and outcomes of bootstrapping behaviors. Recent literature on financial bootstrapping in new firms acknowledges the necessity to consolidate and conceptualize the existing knowledge. Yet, the focus and findings of current research remain dispersed and at times contradictory, which might indicate the need for consolidation and conceptualization. Bootstrapping to date has been mostly studied cross-sectionally, with the help of quantitative methods and with reliance on theoretical concepts borrowed from disciplines that poorly describe a new firm’s reality. In this thesis, I develop the understanding of bootstrapping exchanges as relational contracts between the entrepreneur and resource-providing stakeholders, and demonstrate the process-bound nature of norms, conditions, and gradually emerging outcomes of bootstrapping behaviors. My longitudinal study employs a qualitative, case-within-a-case approach, offering a methodological contribution to upcoming research. This study also contributes with comprehensive literature studies of bootstrapping and relational contracting knowledge, comprising the systematic reviews and bibliometric analysis. The study offers contribution for practicing entrepreneurs by discussing the gradually emerging, fine-grained outcomes of bootstrapping behaviors that may lead to larger implications, for instance for a firm’s growth and possibilities for attracting external financing. Thus, the main contribution to policy actors and entrepreneurial practice is presenting the practical, multi-stakeholder perspective on bootstrapping exchanges, conditions for bootstrapping behaviors, and their outcomes. (Less)
Please use this url to cite or link to this publication:
author
supervisor
opponent
  • Professor Jayawarna, Dilani, University of Liverpool
organization
publishing date
type
Thesis
publication status
published
subject
keywords
Financial Bootstrapping, Entrepreneurship, Relational contracting, Contractual Norms, Bootstrapping’s Conditions, Bootstrapping’s Outcomes, Longitudinal Case Study
in
Lund Studies in Economics and Management
pages
217 pages
publisher
Lunds universitet, Media-Tryck
defense location
Rhenmansalen/Ideon Alfa 5:B413
defense date
2021-05-19 13:15:00
ISBN
978-91-7895-826-9
978-91-7895-825-2
language
English
LU publication?
yes
id
cf724894-517d-4d9a-a77c-8549860e6f71
date added to LUP
2021-04-21 21:34:32
date last changed
2022-02-25 14:35:38
@phdthesis{cf724894-517d-4d9a-a77c-8549860e6f71,
  abstract     = {{The aim of this thesis is to develop a conceptual model for understanding conditions for and outcomes of bootstrapping behaviors. Recent literature on financial bootstrapping in new firms acknowledges the necessity to consolidate and conceptualize the existing knowledge. Yet, the focus and findings of current research remain dispersed and at times contradictory, which might indicate the need for consolidation and conceptualization. Bootstrapping to date has been mostly studied cross-sectionally, with the help of quantitative methods and with reliance on theoretical concepts borrowed from disciplines that poorly describe a new firm’s reality. In this thesis, I develop the understanding of bootstrapping exchanges as relational contracts between the entrepreneur and resource-providing stakeholders, and demonstrate the process-bound nature of norms, conditions, and gradually emerging outcomes of bootstrapping behaviors. My longitudinal study employs a qualitative, case-within-a-case approach, offering a methodological contribution to upcoming research. This study also contributes with comprehensive literature studies of bootstrapping and relational contracting knowledge, comprising the systematic reviews and bibliometric analysis. The study offers contribution for practicing entrepreneurs by discussing the gradually emerging, fine-grained outcomes of bootstrapping behaviors that may lead to larger implications, for instance for a firm’s growth and possibilities for attracting external financing. Thus, the main contribution to policy actors and entrepreneurial practice is presenting the practical, multi-stakeholder perspective on bootstrapping exchanges, conditions for bootstrapping behaviors, and their outcomes.}},
  author       = {{Kolyaka, Tanya}},
  isbn         = {{978-91-7895-826-9}},
  keywords     = {{Financial Bootstrapping; Entrepreneurship; Relational contracting; Contractual Norms; Bootstrapping’s Conditions; Bootstrapping’s Outcomes; Longitudinal Case Study}},
  language     = {{eng}},
  month        = {{04}},
  publisher    = {{Lunds universitet, Media-Tryck}},
  school       = {{Lund University}},
  series       = {{Lund Studies in Economics and Management}},
  title        = {{Financial Bootstrapping as Relational Contract : Linking resource needs, bootstrapping behaviors, and outcomes of bootstrapping exchanges}},
  url          = {{https://lup.lub.lu.se/search/files/96951093/opponent_o_e_spik_ex_Tanya.pdf}},
  year         = {{2021}},
}