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Financing of start-ups in Flanders: determinants of the start-up capital and the use of bootstrap financing.
New start-ups lack prior history or lack reputation and are associated with a high failure risk. Nevertheless, a future entrepeneur needs to find a sufficient amout of capital in order to be able to start a new venture. The aim of this study is to identify the determinants of both the initial start-up capital as well as the use of bootstrap financing in newly founded ventures. Moreover, this study will investigate the impact of bootstrap financing on the new venture's performance.
Date:1 Jan 2008 → 31 Dec 2009
Keywords:START-UP FINANCING, COMPANY PERFORMANCE, FINANCIAL BOOTSTRAPPING, RESOURCE DEPENDENCE THEORY
Disciplines:Applied economics, Business administration and accounting, Management