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Social capital, firm embeddedness and regional development

Philip Cooke, Nick Clifton and Mercedes Oleaga

Regional Studies, 2005, vol. 39, issue 8, 1065-1077

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.

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 (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1080/00343400500328065

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