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ABSTRACT
Emerging research demonstrates that structural social capital facilitates the resource acquisition of entrepreneurs residing in multiply deprived areas. However, their usage of relational and cognitive social capital that translates to accessible resources is not well understood. We contribute to knowledge and comprehensively examine effects of structural, relational and cognitive social capital taken together on the resource acquisition of entrepreneurs residing in multiply deprived areas. Results from a national survey of entrepreneurs residing in multiply deprived areas across England show that large networks, bonding ties, trust, reciprocity, obligations and expectations, and shared language and codes facilitate their resource acquisition. Also, we demonstrate that they are reluctant or unable to bridge social distance and adopt narrative storytelling. Furthermore, the results indicate that entrepreneurs residing in multiply deprived areas in the most deprived regions suffer from less resource acquisition.
Disclosure statement
No potential conflict of interest was reported by the authors.
Notes
1. According to the IMD 2007 (Department for Communities and Local Government. DCLG Citation2008, 78), 1 = most deprived and 32,482 = least deprived. The range of IMD ranks by region was as follows: North East = 12,480; London = 12,650; North West = 13,446; West Midlands = 14,351; Yorkshire and the Humber = 14,560; East Midlands = 17,280; South West = 18,113; East of England = 20,008; South East = 21,390. In the IMD 2010 (Department for Communities and Local Government. DCLG Citation2011), the South East has the largest share of least deprived LSOAs.
2. Dropped due to low item correlation.