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Social capital, firm embeddedness and regional development

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  • Philip Cooke
  • Nick Clifton
  • Mercedes Oleaga
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    Abstract

    Cooke P., Clifton N. and Oleaga M. (2005) Social capital, firm embeddedness and regional development, Regional Studies 39 , 1065-1077. This paper presents the results of a research project examining the effects of social capital on the performance of small- and medium-sized enterprises (SMEs) in 12 UK regions. It first investigates the association between performance and social capital use at the firm level, then it seeks to move beyond the confines of the individual firm in order to relate these 'firm capabilities' findings to the meso-level to assess regional economic performance in relation to social capital. The research on the conscious use by firms of 'relational embeddedness' in markets shows this to be an important indicator of SME performance, but not conclusively of regional economic performance measured in terms of regional competitiveness.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Regional Studies.

    Volume (Year): 39 (2005)
    Issue (Month): 8 ()
    Pages: 1065-1077

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    Handle: RePEc:taf:regstd:v:39:y:2005:i:8:p:1065-1077

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    Keywords: Social capital; Embeddedness; Networks; Small- and medium-sized enterprises (SMEs); Regional development; Valeur de l'interaction sociale; Ancrage; Reseaux; PME; Amenagement du territoire; Sozialkapital; Verankerung; Netzwerke; SMEs; Regionalentwicklung; Capital social; Arraigamiento; Redes; Pymes; Desarrollo regional; JEL classifications: D21; L10; O1; O18;

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    References

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    1. Perman, Roger & Scouller, John, 1999. "Business Economics," OUP Catalogue, Oxford University Press, number 9780198775249, September.
    2. Michael Greenacre, 2008. "Correspondence analysis of raw data," Economics Working Papers 1112, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2009.
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    Cited by:
    1. Tomlinson, Philip R. & Fai, Felicia M., 2013. "The nature of SME co-operation and innovation: A multi-scalar and multi-dimensional analysis," International Journal of Production Economics, Elsevier, vol. 141(1), pages 316-326.
    2. Bird, Miriam & Wennberg, Karl, 2014. "Regional influences on the prevalence of family versus non-family start-ups," Journal of Business Venturing, Elsevier, vol. 29(3), pages 421-436.
    3. Katja Bringmann & Ann Verhetsel & Thomas Vanoutrive & Jo Reynaerts, 2013. "The impact of venture capital linkages on start-ups? cluster embeddedness," ERSA conference papers ersa13p298, European Regional Science Association.
    4. Keld Laursen & Francesca Masciarelli, 2007. "The effect of regional social capital and external knowledge acquisition on process and product innovation," ROCK Working Papers 043, Department of Computer and Management Sciences, University of Trento, Italy, revised 12 Jun 2008.
    5. Jue Wang & Philip Shapira, 2012. "Partnering with universities: a good choice for nanotechnology start-up firms?," Small Business Economics, Springer, vol. 38(2), pages 197-215, February.

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