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Innovations And Informal Institutions:An Institutionalist Approach To The Role Of Social Capital For Innovation

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Author Info
Moina Rauf
Abstract

This article seeks to add to the debate on the role of informal institutions on innovations within firms. It argues that social capital arising from informal institutions can either help innovation or inhibit it within small enterprises. The paper attempts to provide a conceptual framework of how social capital fosters innovation within small firms. Like physical and human capital, social capital is also considered an explanatory factor in theories of innovation. Social networks become an essential element in the economic activity of the small businesses as they are more likely to rely on them to obtain information and learn about new techniques of productions due to their smaller resource base.

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File URL: http://www.jare-sh.com/downloads/num_1_issue_1_2009/rauf.pdf
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Publisher Info
Article provided by Spiru Haret University, Faculty of Accounting and Financial Management Constanta in its journal Journal of Academic Research in Economics.

Volume (Year): 1 (2009)
Issue (Month): 1(3)_Summer2009 ()
Pages: 25-34
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Handle: RePEc:shc:jaresh:v:1:y:2009:i:1(3)_summer2009:p:25-34

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Web page: http://www2.spiruharet.ro/facultati/facultate.php?id=9
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Related research
Keywords: Social capital; innovation; informal institutions; Pakistan;

Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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This page was last updated on 2009-12-13.


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