The Development of Social Capital and Financing of Entrepreneurial Firms: From Financial Bootstrapping to Bank Funding
2013 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 37, no 4, 661-686 p.Article in journal (Refereed) Published
This paper uses a three-dimensional perspective on social capital to investigate how entrepreneurs develop their social capital when relying on bootstrapping strategies becomes insufficient and financing needs to be acquired from external debt and equity financiers. Findings from six case studies of entrepreneurs in the fashion industry show that to acquire funding, due to perceived deficiency in the existing network, entrepreneurs develop the structural dimension by adding relationships based on function. However, when seeking financial information that is perceived as sufficient in the existing network, they do so by developing cognitive and relational dimensions to preexisting network ties.
Place, publisher, year, edition, pages
Wiley-Blackwell, 2013. Vol. 37, no 4, 661-686 p.
Interfirm Networks, Economic-Action, Start-Ups, Embeddedness, Creation, Ventures, Organizations, Performance, Communities, Perspective
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-125563DOI: 10.1111/j.1540-6520.2011.00485.xISI: 000321296700001ScopusID: 2-s2.0-84880040900OAI: oai:DiVA.org:kth-125563DiVA: diva2:640023
QC 201308122013-08-122013-08-092013-08-12Bibliographically approved