This paper analyzes the impact of changes in the winning chances of candidates running for the 2007 French presidential election on abnormal stock returns of firms that could benefit from a candidate's victory. We use prices formed by transactions on a political prediction market to reveal the...

We show that firm headquarters’ geographic proximity to political power centers (state capitals) is associated with higher abnormal returns. Consistent with the notion that this effect is rooted in social network links, we find it is more pronounced in communities with high levels of...

This paper provides an introduction to the concept of social capital, and carries out a critical review of the empirical literature on social capital and economic development. The survey points out six main weaknesses affecting the empirics of social capital. Identified weaknesses are then used...

В статье рассматриваются различные трактовки понятий «социальный капитал» и«социальные сети». Рассмотрены мегаи макропредпосылки зарождения и развития...

Рассматриваются интерпретации понятия «социальный капитал» в современном экономическом и социологическом знании. Наблюдаемая двойственность в анализе и...

The objective of this article is to show how a formal approach to social networks can be applied to better understand informal trade in developing countries, with a particular focus on Africa. The paper starts by discussing some of the fundamental concepts developed by social network analysis....

The idea that local social capital yields economic benefits is fundamental to theories of agglomeration, and central to claims about the virtues of cities. However, this claim has not been evaluated using methods that permit more confident statements about causality. This paper examines what...

The paper highlights the most popular topics in social innovation research identified in the scientific literature, trying to emphasize the dimensions of the concept and its links with adjacent notions. The paper quantifies the frequency with which social innovation is addressed in the...

From Karl POLANYI and New Economic Sociology studies about the concept of embeddedness, this paper suggests that reality of entrepreneurship does not correspond to the atomized representation offered by the standard economic. Contrary to this approach, the heroic contractor leaves room to the...

This paper highlights the ‘magic of diasporas’ − as a source of progress in a globalizing world − with special attention for migrant (or ethnic) entrepreneurship. The present study aims to identify and examine the critical critical success factors of migrant enterprises and their...