IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v8y2017icp1-8.html
   My bibliography  Save this article

An exploratory meta-analysis of the nomological network of bootstrapping in SMEs

Author

Listed:
  • Miao, Chao
  • Rutherford, Matthew W.
  • Pollack, Jeffrey M.

Abstract

Bootstrapping, the pursuit of creative ways of acquiring resources in non-traditional ways, is a defining entrepreneurial behavior in small and medium-sized enterprises (SMEs). However, after nearly three decades of research there is no quantitative synthesis of the literature. We meta-analyze data from 22 empirical samples, across 62 effect sizes, and find no significant overall relation between bootstrapping and SME performance. We examined a set of moderators (i.e., type of performance, type of bootstrapping, and bootstrapping measures). Some moderators alter the direction and influence the statistical significance of the bootstrapping-SME performance relation, but none of these moderators were statistically significant.

Suggested Citation

  • Miao, Chao & Rutherford, Matthew W. & Pollack, Jeffrey M., 2017. "An exploratory meta-analysis of the nomological network of bootstrapping in SMEs," Journal of Business Venturing Insights, Elsevier, vol. 8(C), pages 1-8.
  • Handle: RePEc:eee:jobuve:v:8:y:2017:i:c:p:1-8
    DOI: 10.1016/j.jbvi.2017.04.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S235267341630035X
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.jbvi.2017.04.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Baker, Ted, 2007. "Resources in play: Bricolage in the Toy Store(y)," Journal of Business Venturing, Elsevier, vol. 22(5), pages 694-711, September.
    2. Candida G. Brush & Nancy M. Carter & Elizabeth J. Gatewood & Patricia G. Greene & Myra M. Hart, 2006. "The use of bootstrapping by women entrepreneurs in positioning for growth," Venture Capital, Taylor & Francis Journals, vol. 8(1), pages 15-31, October.
    3. Grichnik, Dietmar & Brinckmann, Jan & Singh, Luv & Manigart, Sophie, 2014. "Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities," Journal of Business Venturing, Elsevier, vol. 29(2), pages 310-326.
    4. Soumodip Sarkar, 2012. "Financial Bootstrapping: a critical entrepreneurship skill," CEFAGE-UE Working Papers 2012_20, University of Evora, CEFAGE-UE (Portugal).
    5. Stam, Wouter & Arzlanian, Souren & Elfring, Tom, 2014. "Social capital of entrepreneurs and small firm performance: A meta-analysis of contextual and methodological moderators," Journal of Business Venturing, Elsevier, vol. 29(1), pages 152-173.
    6. Scott Shane, 2000. "Prior Knowledge and the Discovery of Entrepreneurial Opportunities," Organization Science, INFORMS, vol. 11(4), pages 448-469, August.
    7. Lynn Neeley & Howard Van Auken, 2010. "Differences Between Female And Male Entrepreneurs' Use Of Bootstrap Financing," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 15(01), pages 19-34.
    8. Oswald Jones & Dilani Jayawarna, 2010. "Resourcing new businesses: social networks, bootstrapping and firm performance," Venture Capital, Taylor & Francis Journals, vol. 12(2), pages 127-152, January.
    9. Nancy Carter & Candida Brush & Patricia Greene & Elizabeth Gatewood & Myra Hart, 2003. "Women entrepreneurs who break through to equity financing: The influence of human, social and financial capital," Venture Capital, Taylor & Francis Journals, vol. 5(1), pages 1-28, January.
    10. Robert P. Garrett & Chao Miao & Shanshan Qian & Tae Jun Bae, 2017. "Entrepreneurial spawning and knowledge-based perspective: a meta-analysis," Small Business Economics, Springer, vol. 49(2), pages 355-378, August.
    11. Richard B. Carter & Howard Van Auken, 2005. "Bootstrap financing and owners’ perceptions of their business constraints and opportunities," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 17(2), pages 129-144, March.
    12. Wiltbank, Robert & Dew, Nicholas & Read, Stuart, 2015. "Investment and returns in successful entrepreneurial sell-outs," Journal of Business Venturing Insights, Elsevier, vol. 3(C), pages 16-23.
    13. Winborg, Joakim & Landstrom, Hans, 2001. "Financial bootstrapping in small businesses: Examining small business managers' resource acquisition behaviors," Journal of Business Venturing, Elsevier, vol. 16(3), pages 235-254, May.
    14. Fattouh, Bassam & Scaramozzino, Pasquale & Harris, Laurence, 2005. "Capital structure in South Korea: a quantile regression approach," Journal of Development Economics, Elsevier, vol. 76(1), pages 231-250, February.
    15. Dilani Jayawarna & Oswald Jones & Allan Macpherson, 2011. "New business creation and regional development: Enhancing resource acquisition in areas of social deprivation," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(9-10), pages 735-761, December.
    16. Ebben, Jay & Johnson, Alec, 2006. "Bootstrapping in small firms: An empirical analysis of change over time," Journal of Business Venturing, Elsevier, vol. 21(6), pages 851-865, November.
    17. Dimo Dimov, 2010. "Nascent Entrepreneurs and Venture Emergence: Opportunity Confidence, Human Capital, and Early Planning," Journal of Management Studies, Wiley Blackwell, vol. 47(6), pages 1123-1153, September.
    18. Rosenbusch, Nina & Brinckmann, Jan & Bausch, Andreas, 2011. "Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs," Journal of Business Venturing, Elsevier, vol. 26(4), pages 441-457, July.
    19. Tom Vanacker & Sophie Manigart & Miguel Meuleman & Luc Sels, 2011. "A longitudinal study on the relationship between financial bootstrapping and new venture growth," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(9-10), pages 681-705, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maksim Belitski & Christina Guenther & Alexander S. Kritikos & Roy Thurik, 2022. "Economic effects of the COVID-19 pandemic on entrepreneurship and small businesses," Small Business Economics, Springer, vol. 58(2), pages 593-609, February.
    2. Mansi Singh & Sanjay Dhir & Harsh Mishra, 2023. "Analysing the Antecedents of Entrepreneurial Bootstrapping and Bricolage: A Modified Total Interpretive Structural Modelling and MICMAC Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(1), pages 7-38, March.
    3. Mansi Singh & Sanjay Dhir & Harsh Mishra, 2024. "Synthesizing research in entrepreneurial bootstrapping and bricolage: a bibliometric mapping and TCCM analysis," Management Review Quarterly, Springer, vol. 74(1), pages 487-520, February.
    4. Nguyen Nhu Ngoc & Nham Phong Tuan & Yoshi Takahashi, 2020. "A Meta-Analytic Investigation of the Relationship Between Emotional Intelligence and Emotional Manipulation," SAGE Open, , vol. 10(4), pages 21582440209, November.
    5. Michaelis, Timothy L. & Carr, Jon C. & Scheaf, David J. & Pollack, Jeffrey M., 2020. "The frugal entrepreneur: A self-regulatory perspective of resourceful entrepreneurial behavior," Journal of Business Venturing, Elsevier, vol. 35(4).
    6. Adomako, Samuel & Ahsan, Mujtaba, 2022. "Entrepreneurial passion and SMEs’ performance: Moderating effects of financial resource availability and resource flexibility," Journal of Business Research, Elsevier, vol. 144(C), pages 122-135.
    7. Geiger, Mark, 2020. "A meta-analysis of the gender gap(s) in venture funding: Funder- and entrepreneur-driven perspectives," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    8. Joern H. Block & Christian Fisch & Mirko Hirschmann, 2022. "The determinants of bootstrap financing in crises: evidence from entrepreneurial ventures in the COVID-19 pandemic," Small Business Economics, Springer, vol. 58(2), pages 867-885, February.
    9. Miao, Chao & Humphrey, Ronald H. & Qian, Shanshan, 2018. "A cross-cultural meta-analysis of how leader emotional intelligence influences subordinate task performance and organizational citizenship behavior," Journal of World Business, Elsevier, vol. 53(4), pages 463-474.
    10. Michaelis, Timothy L. & Scheaf, David J. & Carr, Jon C. & Pollack, Jeffrey M., 2022. "An agentic perspective of resourcefulness: Self-reliant and joint resourcefulness behaviors within the entrepreneurship process," Journal of Business Venturing, Elsevier, vol. 37(1).
    11. Lee, Kyootai & Jung, Hyun Ju, 2024. "What makes universities build academic spin-offs more successfully? A theory-based triangulation of quantitative studies based on meta-analyses," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    12. Moss, Todd W. & Dahik Loor, A.C. & Diaz Parada, F., 2022. "Partnerships as an enabler of resourcefulness in generating sustainable outcomes," Journal of Business Venturing, Elsevier, vol. 37(1).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alvarado, Marco & Mora-Esquivel, Ronald, 2020. "Financial bootstrapping among Costa Rican small businesses: an exploratory study," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 14(1), pages 2-11.
    2. Mansi Singh & Sanjay Dhir & Harsh Mishra, 2024. "Synthesizing research in entrepreneurial bootstrapping and bricolage: a bibliometric mapping and TCCM analysis," Management Review Quarterly, Springer, vol. 74(1), pages 487-520, February.
    3. Sullivan, Diane M. & Marvel, Matthew R. & Wolfe, Marcus T., 2021. "With a little help from my friends? How learning activities and network ties impact performance for high tech startups in incubators," Technovation, Elsevier, vol. 101(C).
    4. Mansi Singh & Sanjay Dhir & Harsh Mishra, 2023. "Analysing the Antecedents of Entrepreneurial Bootstrapping and Bricolage: A Modified Total Interpretive Structural Modelling and MICMAC Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(1), pages 7-38, March.
    5. Jayawarna, Dilani & Jones, Oswald & Marlow, Susan, 2015. "The influence of gender upon social networks and bootstrapping behaviours," Scandinavian Journal of Management, Elsevier, vol. 31(3), pages 316-329.
    6. Grichnik, Dietmar & Brinckmann, Jan & Singh, Luv & Manigart, Sophie, 2014. "Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities," Journal of Business Venturing, Elsevier, vol. 29(2), pages 310-326.
    7. Lars Löfqvist, 2017. "Product Innovation In Small Companies: Managing Resource Scarcity Through Financial Bootstrapping," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(02), pages 1-27, February.
    8. Michaelis, Timothy L. & Scheaf, David J. & Carr, Jon C. & Pollack, Jeffrey M., 2022. "An agentic perspective of resourcefulness: Self-reliant and joint resourcefulness behaviors within the entrepreneurship process," Journal of Business Venturing, Elsevier, vol. 37(1).
    9. Tansel Yilmazer & Holly Schrank, 2010. "The Use of Owner Resources in Small and Family Owned Businesses: Literature Review and Future Research Directions," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 399-413, December.
    10. T. Vanacker & S. Manigart & M. Meuleman & L. Sels, 2011. "Bootstrapping as a Resource Dependence Management Strategy and its Association with Startup Growth," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/740, Ghent University, Faculty of Economics and Business Administration.
    11. Dmitri Knatko & Galina Shirokova & Karina Bogatyreva, 2016. "Industry choice by young entrepreneurs in different country settings: the role of human and financial capital," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(4), pages 613-627, July.
    12. Bede Akorige Atarah & Augustine Awuah Peprah & Abednego F. Okoe Amartey & Bylon Abeeku Bamfo, 2021. "Making do by doing without: bricolage in the funding sources of female entrepreneurs in resource-constrained environments," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 361-378, December.
    13. Eriko Naiki & Yuta Ogane, 2022. "Human capital effects on fundraising for necessity- and opportunity-based entrepreneurs," Small Business Economics, Springer, vol. 59(2), pages 721-741, August.
    14. Kimberly A. Eddleston & Jamie J. Ladge & Cheryl Mitteness & Lakshmi Balachandra, 2016. "Do you See what I See? Signaling Effects of Gender and Firm Characteristics on Financing Entrepreneurial Ventures," Entrepreneurship Theory and Practice, , vol. 40(3), pages 489-514, May.
    15. Robert Lee & Eleanor Shaw, 2016. "Bourdieu’s non-material forms of capital: Implications for start-up policy," Environment and Planning C, , vol. 34(8), pages 1734-1758, December.
    16. Razmdoost, Kamran & Alinaghian, Leila & Linder, Christian, 2020. "New venture formation: A capability configurational approach," Journal of Business Research, Elsevier, vol. 113(C), pages 290-302.
    17. Rauch, Andreas & Rosenbusch, Nina & Unger, Jens & Frese, Michael, 2016. "The effectiveness of cohesive and diversified networks: A meta-analysis," Journal of Business Research, Elsevier, vol. 69(2), pages 554-568.
    18. Étienne St-Jean & Maripier Tremblay & Frank Janssen & Jacques Baronet & Christophe Loué & Aziz Nafa, 2017. "May business mentors act as opportunity brokers and enablers among university students?," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 97-111, March.
    19. Ik MUO & Moruff Sanjo OLADIMEJI & O. I. OKUNBADEJO, 2020. "Financial Bootstrapping and Small Business Growth in Lagos Metropolis, Nigeria," Business & Management Compass, University of Economics Varna, issue 2, pages 198-213.
    20. Mehmet Nasih TAĞ & Duygu HIDIROĞLU, 2020. "The Playing Field of Innovative Entrepreneurship: A Multilevel Analysis of Institutional Effects on Female Entrepreneurship," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(44).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:8:y:2017:i:c:p:1-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.