Why do small businesses exploit business opportunities better in some areas than others? Maryland Smith researchers show that local social capital (trust, cooperation level among residents) strongly predicts loan uptake after controlling for close-by bank branches, income and education.
Tag: Social Capital
People prefer friendliness, trustworthiness in teammates over skill competency
People who are friendly and trustworthy are more likely to be selected for teams than those who are known for just their skill competency and personal reputation, according to new research from Binghamton University, State University of New York.
The fantastical Adelaide Fringe: a cultural cure for ‘brain drain’
From sky-high acrobatics to sultry-sequined burlesque, Adelaide’s annual Fringe festival has long been transforming the city into an eclectic and vibrant hive of activity, attracting millions of visitors and directing millions of dollars into the South Australian economy. Yet, beyond the economics, new study from the University of South Australia shows that the Adelaide Fringe also plays a crucial role in building the State’s social capital, a factor which is helping to combat South Australia’s ‘brain drain’.