- New Horizons in International Business series
Edited by Martin Heidenreich
Chapter 10: Modes of Regional Embeddedness: Companies in Seven European Regions Compared
10. Modes of regional embeddedness: companies in seven European regions compared1 Dieter Rehfeld 10.1 INTRODUCTION The region has by no means been rendered obsolete by globalization and a new balance has been established called ‘glocalization’. Nevertheless, studies on regional embeddedness or the regional engagement of companies often only focus on regional networks or projects. They do not say much about the meaning of embeddedness or regional engagement in the context of the company’s overall strategy. Such a perspective bears the risk of overestimating regional factors (Storper and Venables, 2004; Bathelt et al., 2004). Furthermore, we also have to keep in mind that there are strong varieties in the economic performance of regions, in regional learning and related capacity building, and in the availability of social or symbolic capital. The CURE project, ‘Corporate culture and regional embeddedness’, therefore started with the question under which circumstances are regions able to strengthen their position in a global context. In brief, the project is based on the assumption that there are differences between regions, that there is a potential option for regions to make use of the differences by mutual learning and collective actions, and that the external circumstances that support or hinder the realization of a stronger regional position change over time. The CURE project had an interdisciplinary background and in this chapter the focus is placed on regional engagement that leads to regional embeddedness. To start with, in a very first approximation, we adapt the transaction cost approach of Coase (1988) and...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.