While bootstrap finance is widely used in entrepreneurial ventures, both scholars and practitioners have presented conflicting views on the relation between financial bootstrapping and venture growth. This paper empirically investigates the association between bootstrap strategies used at...

This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...