Handbook of Social Capital and Regional Development
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Handbook of Social Capital and Regional Development

Edited by Hans Westlund and Johan P. Larsson

The role of social capital in regional development is a multifaceted topic which is studied all over the world using various methods and across numerous disciplines. It has long been evident that social capital is important for regional development, however, it is less clear how this works in practice. Do all types of social capital have the same effects and are different kinds of regions impacted in the same way? This book is the first to offer an overview of this rapidly expanding field of research and to thoroughly analyse the complex issue of social capital and regional development.
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Chapter 6: Dealmakers in place: social capital connections in regional entrepreneurial economies

Maryann P. Feldman and Ted Douglas Zoller

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.

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