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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

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    1. Perman, Roger & Scouller, John, 1999. "Business Economics," OUP Catalogue, Oxford University Press, number 9780198775249.
    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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    Citations

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    Cited by:

    1. Giorgio Calcagnini & Germana Giombini & Francesco Perugini, 2016. "Bank Foundations, Social Capital, and the Growth of Italian Provinces," Mo.Fi.R. Working Papers 131, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    2. 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.
    3. Santos, Domingos & Simões, Maria João, 2014. "Regional innovation systems in Portugal: a critical evaluation," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 28, pages 37-56.
    4. Liang, Qiao & Huang, Zuhui & Lu, Haiyang & Wang, Xinxin, 2015. "Social Capital, Member Participation, and Cooperative Performance: Evidence from China’s Zhejiang," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IFAMA), vol. 18(1).
    5. Danny P. Soetano & Mozhdeh Taheri & Marina van Geenhuizen, 2012. "Social Capital’s and Absorptive Capacities’ Impact on New Ventures’ Growth," Chapters,in: Creative Knowledge Cities, chapter 10 Edward Elgar Publishing.
    6. Dvořák, Petr & Martinát, Stanislav & der Horst, Dan Van & Frantál, Bohumil & Turečková, Kamila, 2017. "Renewable energy investment and job creation; a cross-sectoral assessment for the Czech Republic with reference to EU benchmarks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 360-368.
    7. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9478-3 is not listed on IDEAS
    8. Brennan John F. & Paarlberg Laurie & Hoyman Michele, 2013. "Assembling the Puzzle of the Nonprofit-Economic Development Linkage," Nonprofit Policy Forum, De Gruyter, vol. 5(1), pages 45-65, October.
    9. 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.
    10. Nick Clifton & Robyn Keast & David Pickernell & Martyn Senior, 2010. "Network Structure, Knowledge Governance, and Firm Performance: Evidence from Innovation Networks and SMEs in the UK," Growth and Change, Wiley Blackwell, vol. 41(3), pages 337-373.
    11. Huanmei Li & Graciela Zubielqui & Allan O’Connor, 2015. "Entrepreneurial networking capacity of cluster firms: a social network perspective on how shared resources enhance firm performance," Small Business Economics, Springer, vol. 45(3), pages 523-541, October.
    12. Erik E. Lehmann & Nikolaus Seitz & Katharine Wirsching, 2017. "Smart finance for smart places to foster new venture creation," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 44(1), pages 51-75, March.
    13. Basco, Rodrigo, 2015. "Family business and regional development—A theoretical model of regional familiness," Journal of Family Business Strategy, Elsevier, vol. 6(4), pages 259-271.
    14. 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.
    15. Sergiy Smetana & Christine Tamásy & Alexander Mathys & Volker Heinz, 2015. "Sustainability and regions: sustainability assessment in regional perspective," Regional Science Policy & Practice, Wiley Blackwell, vol. 7(4), pages 163-186, November.
    16. F. Xavier Molina-Morales & M. Teresa Martínez-Fernández, 2009. "Does homogeneity exist within industrial districts? A social capital-based approach," Papers in Regional Science, Wiley Blackwell, vol. 88(1), pages 209-229, March.
    17. Rune Dahl Fitjar & Andrés Rodríguez-Pose, 2015. "Networking, context and firm-level innovation: Cooperation through the regional filter in Norway," Papers in Evolutionary Economic Geography (PEEG) 1516, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2015.
    18. Franz Huber, 2009. "Social Capital Of Economic Clusters: Towards A Network-Based Conception Of Social Resources," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 100(2), pages 160-170, April.
    19. Philip Cooke, 2008. "Regional Innovation Systems, Clean Technology & Jacobian Cluster-Platform Policies," Regional Science Policy & Practice, Wiley Blackwell, vol. 1(1), pages 23-45, November.
    20. Tomasz Mickiewicz & Frederick Wedzerai Nyakudya & Nicholas Theodorakopoulos & Mark Hart, 2017. "Resource endowment and opportunity cost effects along the stages of entrepreneurship," Small Business Economics, Springer, vol. 48(4), pages 953-976, April.
    21. repec:bpj:erjour:v:3:y:2013:i:1:p:62-83:n:2 is not listed on IDEAS
    22. 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.
    23. 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.

    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;

    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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