Dealmakers in place: social capital connections in regional entrepreneurial economies

Maryann P. Feldman and Ted Douglas Zoller

Chapter 6 in Handbook of Social Capital and Regional Development, 2016, pp 141-165 from Edward Elgar Publishing

Abstract: This chapter examines the internal anatomy of regional social capital and develops a role for dealmakers – individuals who provide active regional stewardship. An empirical analysis of 12 US regions finds great variation in the presence of dealmakers. The strong local presence of dealmakers is correlated with high start-up rates. Our empirical results suggest that the local presence of dealmakers is more important for successful entrepreneurship than aggregate measures of regional entrepreneurial and investor networks. Moreover, we find that the presence of dealmakers is a better predictor of the status of the regional entrepreneurial economy.

Keywords: Development Studies; Economics and Finance; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2016
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