IDEAS home Printed from https://ideas.repec.org/a/gam/jijfss/v13y2025i1p41-d1605227.html
   My bibliography  Save this article

Financial Bootstrapping: A Case of Women Entrepreneurs in Context of Digital Economy

Author

Listed:
  • Saeed Alhammadi

    (College of Business Administration, University of Sharjah, Sharjah 27272, United Arab Emirates)

  • Syed Abidur Rahman

    (College of Business Administration, University of Sharjah, Sharjah 27272, United Arab Emirates)

Abstract

Women entrepreneurs in the Middle Eastern region, particularly in the United Arab Emirates (UAE), face several challenges (e.g., cultural) coupled with the recent transformation of the digital economy. This issue poses a significant challenge for financing the business operations. Thus, this study aims to find the relationship between prior family business exposure, growth intention, motivation, and financial bootstrapping with the mediating role of prior experiences among women entrepreneurs in the UAE. A quantitative survey questionnaire method was used to collect responses from 318 women business owners in different regions of the UAE. The findings of the study suggest that there is a positive relationship between prior family business exposure and financial bootstrapping and growth intention and financial bootstrapping, and prior experience plays a mediating role among all exogenous variables. The study offers a unique perspective on the intersection between prior family business exposure, growth intention, motivation, and financial bootstrapping, highlighting the mediating role of prior experience in a demographical and geographic context (e.g., UAE) that is under-researched regarding financial strategies.

Suggested Citation

  • Saeed Alhammadi & Syed Abidur Rahman, 2025. "Financial Bootstrapping: A Case of Women Entrepreneurs in Context of Digital Economy," IJFS, MDPI, vol. 13(1), pages 1-21, March.
  • Handle: RePEc:gam:jijfss:v:13:y:2025:i:1:p:41-:d:1605227
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7072/13/1/41/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2227-7072/13/1/41/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Maria Rio Rita & Pambayun Kinasih Yekti Nastiti, 2024. "The influence of financial bootstrapping and digital transformation on financial performance: evidence from MSMEs in the culinary sector in Indonesia," Cogent Business & Management, Taylor & Francis Journals, vol. 11(1), pages 2363415-236, December.
    2. Beshir Shaku Beriso, 2021. "Determinants of economic achievement for women entrepreneurs in Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-14, December.
    3. 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.
    4. 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.
    5. Mukaram Ali Khan & Syed Sohaib Zubair & Kashif Rathore & Maryam Ijaz & Sumreen Khalil & Muhammad Khalil, 2021. "Impact of Entrepreneurial Orientation Dimensions on Performance of Small Enterprises: Do Entrepreneurial Competencies Matter?," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1943241-194, January.
    6. Teemu Kautonen & Simon Down & Maria Minniti, 2014. "Ageing and entrepreneurial preferences," Small Business Economics, Springer, vol. 42(3), pages 579-594, March.
    7. Muravyev, Alexander & Talavera, Oleksandr & Schäfer, Dorothea, 2009. "Entrepreneurs' gender and financial constraints: Evidence from international data," Journal of Comparative Economics, Elsevier, vol. 37(2), pages 270-286, June.
    8. Bernard F. Lentz & David N. Laband, 1990. "Entrepreneurial Success and Occupational Inheritance among Proprietors," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 563-579, August.
    9. Lynn Neely & Howard Van Auken, 2012. "An Examination Of Small Firm Bootstrap Financing And Use Of Debt," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-12.
    10. Harry J. Sapienza & Curtis M. Grimm, 1997. "Founder Characteristics, Start-Up Process, and Strategy/Structure Variables as Predictors of Shortline Railroad Performance," Entrepreneurship Theory and Practice, , vol. 22(1), pages 5-24, October.
    11. 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.
    12. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    13. Victoria Heath, 2021. "Women and the Fourth Industrial Revolution: An Examination of the UAE’s National AI Strategy," Springer Books, in: Elie Azar & Anthony N. Haddad (ed.), Artificial Intelligence in the Gulf, chapter 0, pages 203-245, Springer.
    14. Jiang, Xu & Liu, Heng & Fey, Carl & Jiang, Feifei, 2018. "Entrepreneurial orientation, network resource acquisition, and firm performance: A network approach," Journal of Business Research, Elsevier, vol. 87(C), pages 46-57.
    15. Xiaohong Quan, 2012. "Prior experience, social network, and levels of entrepreneurial intentions," Management Research Review, Emerald Group Publishing Limited, vol. 35(10), pages 945-957, September.
    16. Howard Van Auken, 2005. "Differences in the Usage of Bootstrap Financing among Technology‐Based versus Nontechnology‐Based Firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 43(1), pages 93-103, January.
    17. Chinonye Okafor & Roy Amalu, 2012. "Motivational Patterns and the Performance of Entrepreneurs: An Empirical Study of Women Entrepreneurs in South-West Nigeria," International Journal of Applied Behavioral Economics (IJABE), IGI Global, vol. 1(1), pages 29-40, January.
    18. Jerome A. Katz, 1992. "A Psychosocial Cognitive Model of Employment Status Choice," Entrepreneurship Theory and Practice, , vol. 17(1), pages 29-37, October.
    19. Cliff, Jennifer E., 1998. "Does one size fit all? exploring the relationship between attitudes towards growth, gender, and business size," Journal of Business Venturing, Elsevier, vol. 13(6), pages 523-542, November.
    Full references (including those not matched with items on IDEAS)

    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. 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.
    2. Tchapo Gbandi & Ayira Korem & Kossiwa Zinsou-Klassou, 2024. "Save women entrepreneurs: gender, cultural context, and micro-commerce performance in Togo," Small Business Economics, Springer, vol. 62(3), pages 1099-1133, March.
    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. 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.
    5. Massimo Baù & Philipp Sieger & Kimberly A. Eddleston & Francesco Chirico, 2017. "Fail but Try Again? The Effects of Age, Gender, and Multiple–Owner Experience on Failed Entrepreneurs’ Reentry," Entrepreneurship Theory and Practice, , vol. 41(6), pages 909-941, November.
    6. 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.
    7. Watson, John & Stuetzer, Michael & Zolin, Roxanne, 2017. "Female underperformance or goal-oriented behavior?," MPRA Paper 88403, University Library of Munich, Germany.
    8. Inessa Love, 2020. "Entrepreneurial Access to Finance in the US," Working Papers 202004, University of Hawaii at Manoa, Department of Economics.
    9. 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.
    10. 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.
    11. Hertel, Christina & Binder, Julia & Fauchart, Emmanuelle, 2021. "Getting more from many—A framework of community resourcefulness in new venture creation," Journal of Business Venturing, Elsevier, vol. 36(3).
    12. Aidis, Ruta & van Praag, Mirjam, 2007. "Illegal entrepreneurship experience: Does it make a difference for business performance and motivation?," Journal of Business Venturing, Elsevier, vol. 22(2), pages 283-310, March.
    13. Wang, Xu & Deng, Shengliang & Alon, Ilan, 2021. "Women executives and financing pecking order of GEM-listed companies: Moderating roles of social capital and regional institutional environment," Journal of Business Research, Elsevier, vol. 136(C), pages 466-478.
    14. Mayer-Haug, Katrin & Read, Stuart & Brinckmann, Jan & Dew, Nicholas & Grichnik, Dietmar, 2013. "Entrepreneurial talent and venture performance: A meta-analytic investigation of SMEs," Research Policy, Elsevier, vol. 42(6), pages 1251-1273.
    15. Pham, Tho & Talavera, Oleksandr, 2018. "Discrimination, Social Capital, and Financial Constraints: The Case of Viet Nam," World Development, Elsevier, vol. 102(C), pages 228-242.
    16. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    17. Francesca Maria Cesaroni & Francesca Lotti & Paolo Emilio Mistrulli, 2013. "Female firms and banks� lending behaviour: what happened during the great recession?," Questioni di Economia e Finanza (Occasional Papers) 177, Bank of Italy, Economic Research and International Relations Area.
    18. Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
    19. Yami, Saïd & M'Chirgui, Zouhaier & Spano, Claude & Gontier Barykina, Olga, 2021. "Reinventing science and technology entrepreneurship education: The role of human and social capitals," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    20. John R. Becker–Blease & Jeffrey E. Sohl, 2011. "The Effect of Gender Diversity on Angel Group Investment," Entrepreneurship Theory and Practice, , vol. 35(4), pages 709-733, July.

    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:gam:jijfss:v:13:y:2025:i:1:p:41-:d:1605227. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.