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Social capital, firm embeddedness and regional development

Author

Listed:
  • Philip Cooke
  • Nick Clifton
  • Mercedes Oleaga

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.

Suggested Citation

  • Philip Cooke & Nick Clifton & Mercedes Oleaga, 2005. "Social capital, firm embeddedness and regional development," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1065-1077.
    • Handle: RePEc:taf:regstd:v:39:y:2005:i:8:p:1065-1077
    DOI: 10.1080/00343400500328065
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    References listed on IDEAS

    as
    1. Rebecca L. Sandefur & Edward O. Laumann, 1998. "A Paradigm For Social Capital," Rationality and Society, , vol. 10(4), pages 481-501, November.
    2. Perman, Roger & Scouller, John, 1999. "Business Economics," OUP Catalogue, Oxford University Press, number 9780198775249.
    3. Michael Greenacre, 2008. "Correspondence analysis of raw data," Economics Working Papers 1112, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2009.
    4. Cooke, Philip & Wills, David, 1999. "Small Firms, Social Capital and the Enhancement of Business Performance through Innovation Programmes," Small Business Economics, Springer, vol. 13(3), pages 219-234, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    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;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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