Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/5605
Title: Financial bootstrapping as a sustainable livelihood alternative for agricultural co-operatives in an emerging economy
Authors: Zwane, Bonginkosi Keith 
Nyide, Celani John 
Sikwela, Misery 
Mantzaris, Evangelos 
Fuyane, Nkululeko 
Keywords: Agricultural Co-Operatives;Counter-bootstrapping activities;Developing economy;Financial bootstrapping;Growth;Sustainability
Issue Date: 2024
Publisher: Virtus Interpress
Source: Zwane, B.K. et al. 2024. Financial bootstrapping as a sustainable livelihood alternative for agricultural co-operatives in an emerging economy. Corporate Governance and Sustainability Review. 8(2): 37-47. doi:10.22495/cgsrv8i2p3
Journal: Corporate Governance and Sustainability Review; Vol. 8, Issue 2 
Abstract: 
There is a scarcity of scholarly literature relating to financial bootstrapping in emerging economies, especially the use by co operatives in general and agricultural co-operatives in particular. As such, the financial bootstrapping methods used by agricultural co operatives in South Africa, an emerging economy, remain unknown (Rwekaza, 2021; Zantsi, 2021). The aim of this study is to determine the financial bootstrapping methods used by agricultural co-operatives. This study was undergirded by pragmatism, which allowed and guided the adoption of mixed-methods research. The qualitative aspect was given more priority or weight in answering the research questions, making it a quan → QUAL design. The study consisted of 52 agricultural co-operatives located in KwaZulu-Natal, South Africa. It was found that agricultural co-operatives practised some of the bootstrapping methods, especially those related to owner-related financing. However, there is little or no evidence of bootstrapping practices related to sharing resources and minimising capital invested in stock and accounts receivable. The co-operatives stifled their growth as they employed counter-bootstrapping activities caused mainly by their unsubstantiated beliefs. This research furnishes rural cooperatives with operational capital-enhancing guidelines that promote success
URI: https://hdl.handle.net/10321/5605
ISSN: 2519-8971
2519-898X (Online)
DOI: 10.22495/cgsrv8i2p3
Appears in Collections:Research Publications (Management Sciences)

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