Finansiell bootstrapping: En kvantitativ studie om interna och externa faktorers påverkan på bootstrapping
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Today, many small businesses are experiencing problems with obtaining long-term external financing. Financial bootstrapping refers to methods used by small businesses to obtain resources, without relying on long-term external financing from debtholders and/or new owners. Instead financing of resources occur in alternative ways. This has been found to have a great importance for the development and survival of small businesses. Financial bootstrapping is commonly used among small businesses and there are a wide variety of methods to use. Since financial bootstrapping plays a crucial role of SMEs, there is an interest to investigate what influences decisions regarding the choice of bootstrapping method, which in turn can help small businesses to make more informed decisions. This study aims to theoretically develop and empirically test a model for the selection of financial bootstrapping by describing the use of financial bootstrapping in small business and test how underlying factors affects the choice of bootstrapping method. The study has a quantitative research method with a hypothetical-deductive approach in which a web-based survey was sent to a total of 1,554 small businesses in the manufacturing industry. The results showed that when the owner perceives that the company's financial position is good, the use of the financial bootstrapping decreases, with the largest decrease occurring specifically for the internally oriented bootstrapping methods. Selection of financial bootstrapping method is also affected by how much resources the owner perceive that there is in the environment. If the owner perceive that there a wide array of resources in the environment, the use of the internally oriented bootstrapping methods decreases. The strength of the owner's social network affects the choices of financial bootstrapping method. A stronger relationship with contacts in the social network leads to the socially oriented bootstrapping methods being used to a greater extent. Finally, this study could not find support for that the owner's tolerance of ambiguity impact the choice of financial bootstrapping method.
Place, publisher, year, edition, pages
2015. , 60 p.
Social Behaviour Law
Samhälls-, beteendevetenskap, juridik, Finansiell bootstrapping, bootstrapping, alternativ finansiering, finansiering, småföretag
IdentifiersURN: urn:nbn:se:ltu:diva-46585Local ID: 432ba0f6-b369-4a3d-8851-b964686f70c8OAI: oai:DiVA.org:ltu-46585DiVA: diva2:1019900
Subject / course
Student thesis, at least 30 credits
Business and Economics, master's level
Validerat; 20150616 (global_studentproject_submitter)2016-10-042016-10-04Bibliographically approved