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Title: New firm creation and regional framework conditions: the critical interplay of social, human and financial capital and its effects on entrepreneurship in the UK
Author: Yildiz-Ozer, Aysun
ISNI:       0000 0004 2736 5085
Awarding Body: University of Essex
Current Institution: University of Essex
Date of Award: 2012
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In this original thesis I conduct an empirical analysis to determine the role of three forms of capital - social, human capital and financial capital on regional start up levels with 'social capital' as the instrumental resource impinging and impacting upon, influencing and valorising the two other forms of capital. More specifically, I explain the interaction between social and human capital and identify how social relationships C capital) together with human capital influence access to financial capital during the start-up phase of business ventures. The key research question is 'What is the role of local social capital (Se) in fostering entrepreneurship and in what way does the interplay of se, He and Fe affect the start-ups in the regions? The main contribution of this research is to offer a systematic approach to the role of SC in entrepreneurship, which examines not only the impact of SC on entrepreneurship, but also the process of interaction between the three types of capital. I use a cross-sectional data set covering 353 local authorities of EnglaiN"employing Ordinary -I ." Least Squares COLS) estimator and two-staged least squares C2SLS) estimator within the context of the Classical Linear Regression Model development. I create an original SC Index using core constructs of trust, networks and norms to test the relation between social capital and entrepreneurship in the regions of England. Based on the findings I conclude that space bound social capital is a significant determinant of regional level entrepreneurship as it facilitates the interaction of human and financial capital and their collective and several impact on entrepreneurship across regions. My study also contributes to a better and more holistic appreciation of regional policy development through the effective use of social capital.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available