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Tekijä: | Uzzi, B. |
Otsikko: | Embeddedness in the making of financial capital: How social relations and networks benefit firms seeking financing |
Lehti: | American Sociological Review
1999 : AUG, VOL. 64:4, p. 481-505 |
Asiasana: | Finance Capital Banking Sociology Companies Networks USA |
Kieli: | eng |
Tiivistelmä: | This paper investigates how social embeddedness affects an organization's acquisition and cost of financial capital in middle-market banking. There is a framework developed to explain how embeddedness can influence on which firms get capital and at what cost. It is found among others that there is receipt of lower interest rates by firms embedding their commercial transactions in social attachments. There is found e.g. motivation of network partners to share private resources, and influence of arm's-length ties on access to public information on market prices. |
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