'Bootstrapping': the investment decision-making process in small firms

Ekanem, Ignatius U. ORCID logoORCID: https://orcid.org/0000-0001-5678-3954 (2005) 'Bootstrapping': the investment decision-making process in small firms. The British Accounting Review, 37 (3) . pp. 299-318. ISSN 1095-8347 [Article] (doi:10.1016/j.bar.2005.04.004)


This paper presents findings from a study of investment decision making process in small manufacturing enterprises in the printing and clothing industries. The study uses ‘insider accounts’ as an innovative qualitative methodology, which involves in-depth, semi-structured interviews and direct observation, conducted longitudinally in eight case study companies. ‘Insider accounts’ is a research method which includes detailed accounts from the actors themselves, incorporating the actual motives and behaviour of owner–managers, based on the philosophy that the ‘objects’ studied are in fact ‘subjects’, who produce accounts of their world. The paper presents findings from the eight case study firms, which suggest that owner–managers predominantly use ‘bootstrapping’ techniques for their investment appraisal rather than the more formal methods suggested in the financial management literature.

Item Type: Article
Research Areas: A. > Business School > International Management and Innovation
Item ID: 606
Useful Links:
Depositing User: Repository team
Date Deposited: 02 Dec 2008 13:06
Last Modified: 13 Oct 2016 14:12
URI: https://eprints.mdx.ac.uk/id/eprint/606

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