“…Granovetter (1985) demonstrate the robust effect of social embeddedness on economic actions, and relevant research confirms these findings for industrial districts (Leung, 1993;Lazerson, 1995), marketing channels (Moorman, Zaltman, & Deshpande, 1992), immigrant enterprises (Portes & Sensenbrenner, 1993), entrepreneurship (Larson, 1992), lending relationships (Abolafia, 1996;Podolny, 1994), location decisions (Romo & Schwartz, 1995), acquisitions (Palmer, Bard, Zhou, & Soysal, 1995), and organizational adaptations (Baum & Oliver, 1992;Uzzi, 1996).…”