2003
DOI: 10.1023/a:1025024009072
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Cited by 350 publications
(52 citation statements)
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“…As Westlund and Bolton [35] argue, the primary role of social capital is to give small firms a producer surplus. In this sense, it is comparable to other forms of capital.…”
Section: Literature Reviewmentioning
confidence: 99%
“…As Westlund and Bolton [35] argue, the primary role of social capital is to give small firms a producer surplus. In this sense, it is comparable to other forms of capital.…”
Section: Literature Reviewmentioning
confidence: 99%
“…work, family, colleagues, etc.). In the field of regional science, a noteworthy study was produced by Westlund and Bolton (2003) who evaluated its impact on entrepreneurship and compared it with other forms of capital. In this section we highlight a few selected studies on social capital and focus, against the background of spatial and social networks, in particular on those related to accessibility at a local level.…”
Section: Prefacementioning
confidence: 99%
“…Without a degree of common identification with forms of governance, cultural norms, and social rules, it is difficult to imagine a functioning society. ' Clearly, social capital may act as a stimulus for a solid and trustful economy (see, e.g., Putnam 1995;Westlund and Bolton 2003), and hence create a buffer against external shocks, but it may also create a conservative and inert attitude, and hence delay the dynamic response which may be needed to cope with systemic disruptions (Martin and Sunley 2006). Consequently, social capital is relevant not only for contacts between people, but also as the framework for human interaction and the substance of communication.…”
Section: Introductionmentioning
confidence: 99%
“…It also plays an important role in the post-entry performance of new firms as it is conditional upon building linkages to potential partners, customers, suppliers, advisors, employees, and investors (Michelacci and Silva 2007;Zander 2004). Extended local networks facilitate this process (Westlund and Bolton 2003). In that respect, local embeddedness improves the quality of local knowledge exchange (Bürcher et al 2016) and reduces search costs (Stam and Bosma 2014) and risks (Westlund and Bolton 2003) associated with entrepreneurial entry.…”
Section: Introductionmentioning
confidence: 99%
“…Extended local networks facilitate this process (Westlund and Bolton 2003). In that respect, local embeddedness improves the quality of local knowledge exchange (Bürcher et al 2016) and reduces search costs (Stam and Bosma 2014) and risks (Westlund and Bolton 2003) associated with entrepreneurial entry.…”
Section: Introductionmentioning
confidence: 99%