Bootstrapping R2

[SBx]

I was just looking through the results of my model and found the bootstrapping of the R2.

The R2 of one of my variables is 0.116 which I would consider quite low considering the field of research.
Surprisingly the t-value of that variable is 2,434 and therefore significant.

Since I’ve never come across a bootstrapped R2 in literature, I was wondering how to interpret (and report) this result.
So my questions are:

1. How do I interpret a low but significant R2?
2. Is it common/advisable to report the (non-)significance of R2?

Thanks a lot in advance.

[jmbecker]

It is rarely reported in PLS, but an F test on the R² is quite common in regression analysis. This is very similar owing to the fact that PLS is nonparameteric and therefore F test is not viable.
And even low R² can be significant if it has small variability.
Maybe even more interesting than the significance is the confidence interval to show the uncertainty in your R² estimate.