Finansiell bootstrapping i tillväxtföretag
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
In the year 2010, the number of enterprising individuals increased by 2.5 percent from previous year, which is positive for Swedish enterprise. In Sweden there are about 900 000 companies and small businesses represent about 99 percent of these companies. The fact that small businesses are having difficulty obtaining outside financing is a widely discussed subject because financing is of great importance to small business survival and growth, to drive economic growth and to create new jobs in the community. To overcome the challenges it is important that companies find new creative solutions to obtain the necessary resources they need to operate the business. This alternative financial system is called financial bootstrapping and is a strategy to finance companies through the use of methods that avoid companies to raise equity capital or borrow money. The study aims to create a deeper understanding of financial bootstrapping methods in small growth companies by: (1) describe the financial bootstrapping methods that small growth companies may use, (2) identify underlying factors for the use of financial bootstrapping methods in small growth companies, (3) identify how the use can be expressed in small growth companies development and (4) to develop a model of financial bootstrapping in small growth companies. We have made a qualitative study consisting of interviews with small growth companies in Sweden.The assumption that financial bootstrapping methods occurs primarily at the beginning or when companies have difficulty obtaining capital tends to be inconsistent with our results, as small growth companies are using financial bootstrapping methods repeatedly during the company's development. The results of the study suggest that small growth companies are using financial bootstrapping methods. It appears that there are underlying factors for the use and the three most common factors are; lower cost, lack of capital and reduce risk. There are also methods used more or less in small growth companies and they tend to use financial bootstrapping methods from a financial aspect. The study also identifies two new factors for the use of financial bootstrapping methods.
Place, publisher, year, edition, pages
2012. , 71 p.
Social Behaviour Law
Samhälls-, beteendevetenskap, juridik, Finansiell bootstrapping, småföretag, tillväxtföretag, finansiella bootstrappingmetoder, finansiering
IdentifiersURN: urn:nbn:se:ltu:diva-51111Local ID: 851a953b-7f44-4db4-a468-7d7eebbced76OAI: oai:DiVA.org:ltu-51111DiVA: diva2:1024474
Subject / course
Student thesis, at least 30 credits
Business and Economics, master's level
Validerat; 20120901 (anonymous)2016-10-042016-10-04Bibliographically approved