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With globalization and knowledge‐based production, firms may cooperate on a global scale, outsource parts of their administrative or productive units and negate location altogether. The extremely low transaction costs of data, information and knowledge seem to invalidate the theory of agglomeration and the spatial clustering of firms, going back to the classical work by Alfred Weber and Alfred Marshall, who emphasized the microeconomic benefits of industrial collocation. This paper aims to argue against this view and show why the growth of knowledge societies will rather increase than decrease the relevance of location by creating knowledge clusters and knowledge hubs, due to sharing of tacit knowledge and research and development outputs. Designing epistemic landscapes of knowledge clusters and hubs is, therefore, proposed as a viable development policy.

Secondary data from cluster research as well as the authors' own survey data, mainly on Vietnam, Malaysia and Singapore, are used to show and measure clustering of knowledge‐producing organizations.

The paper shows that sharing of tacit knowledge is a crucial variable to explain why clustering of knowledge‐intensive industries takes place despite the development of information technology. The importance of knowledge management for development is highlighted.

Designing epistemic landscapes of knowledge clusters and hubs is, therefore, proposed as a viable development policy.

The paper argues against the mainstream of industrial clustering theory and proposes a KM‐based research strategy. The discussion of the difference between knowledge clusters and knowledge hubs enables the use of a new and consistent evaluation of a K4D (knowledge for development) strategy.

The purpose of this paper is to argue that neoinstitutional theory can provide insights into the conflicts between social ends and economic means within social enterprises (SEs). Tensions between these differing institutional logics may be seen as a manifestation of ambiguity and incoherence in an organizational field that is, despite many recent regulative and normative changes, still weakly institutionalized in the UK.

The research design adopts a qualitative approach and is based on semi-structured, in-depth interviews with 40 SE managers in four major UK cities.

Findings suggest that SE managers deal with the competing institutional logics of “the market” and “social care” in differing ways.

The case studies are derived from major UK cities where SEs are more likely to be dependent on state and quasi-public sector forms of support.

Policies attempting to imbue a more commercial and business-like approach with the institutional field of SE should recognize the tensions imposed by such a shift. These tensions are especially pronounced in SEs affected by changes to state funding regimes and publicly sponsored markets. In some situations, such market logic may be largely inappropriate.

Changing institutional logics within an organizational field such as SE requires a recognition of the complex interrelationships between that factors that create and sustain such a field, most notably legal (regulative), educational (normative) and attitudinal (cognitive) factors.

This is one of the few papers to explore the value of neoinstitutional theory in the context of SE.

This paper aims to examine the extent to which urban social enterprises (SEs) have diversified their funding sources and shifted towards loans and development finance in recent years. The paper seeks to consider the underlying reasons for a limited demand for loans by comparing two theoretical perspectives on SE development. The concept of “social bricolage” implies SEs do not seek conventional business loans or equity finance, because they survive in resource poor environments by improvising and re‐using redundant capital. A second evolutionary approach implies that SE financing will be dominated by a reliance on habits and practices learnt from the contexts in which social entrepreneurs have operated.

The paper is based on analysis of interviews with 40 SEs in four English cities.

The paper finds a limited degree of change and scant evidence of local decentralisation in social enterprises' financial contexts. It argues that both conceptual approaches offer important insights into the causes of the low level of demand for development finance by emphasising the importance of practical and improvised financial management. This is an adaptive response to uncertainty but is also a manifestation of SEs' inherited capabilities in public and charitable finance.

The research is based on a relatively small sample of social enterprises in central and deprived urban areas. The financial practices of social enterprises in other types of environment also require examination.

It is unrealistic to expect the majority of SEs to secure conventional loan finance, instead they require “softer” finance and intensive support from intermediaries.

The paper makes a novel empirical contribution by revealing social enterprises' views and recent experiences with funding. Its approach allows an intensive examination of key financial issues. It makes an original theoretical contribution by seeking to apply, develop, and evaluate two theoretical perspectives on the form and practices of social enterprises.

The sociology of science and technology, although a lively field (Lynch, 1993; Shapin, 1995; Pinch, 2006), continues to be little taught within American sociology departments. The practitioners are often to be found within interdisciplinary Science and Technology Studies (S&TS) programs and departments. S&TS is a newly emerging discipline. In 2007 for the first time the NRC in the US included it as an “emerging discipline” within its annual ranking exercises. This peculiarly “interdisciplinary discipline” (in other words it has interdisciplinary roots largely in sociology, philosophy, history, political science, law, anthropology, cultural studies, and feminism, but has now formed a sufficiently stable body of canonical works, handbooks, PhD programs, and the like that it is becoming institutionalized as a new discipline in its own right), takes science, technology, and medicine as its object of study and examines its knowledge, practices, and embedding in culture and society using largely humanistic and social science methods. Often the practitioners of S&TS have their first degrees in the sciences or engineering and a higher degree in the humanities and social sciences. Many S&TS departments, as well as teaching their own majors, and offering capstone courses, carry out a service role teaching engineering and science students. These latter students often take S&TS courses to meet humanities distribution requirements. In the past they may have taken courses on Shakespeare and the like but now they look for something a bit more relevant to their careers. Such courses present an unusual opportunity to teach fundamental sociological ideas to scientists and engineers. For these students it is often their first and perhaps only encounter with the world of academic sociology. In this chapter I report on the experiences of developing and teaching one such course, “What is Science?”. I offer this account in the hope that other teachers may benefit from what I have learnt in my 14-year experience of offering this course.

Entrepreneurial profits flow from differences in expectations between buyers and sellers regarding the future value of resources. This article investigates whether differences in expectations can be influenced by an entrepreneur to produce greater profits. It is argued that there are several points in the entrepreneurial process where such interventions can occur and that the use of these techniques should be associated with superior wealth creation. The article also explores the ethical implications of influencing stakeholders in this way.

The purpose of this paper is to use relevant financial information of private medium‐sized failed and non‐failed manufacturing firms in the UK, during the period 1994‐2004 to determine whether corporate failure can be predicted by developing a Z‐score model.

Multiple discriminant analysis is used to develop the Z‐score to support the notion that Z‐score is an innovation to overcome the numerous difficulties associated with using single ratios to measure companies' health or risk of failure.

This paper advances the notion that the net profit margin is superior to the gross profit margin in discriminating between failed and non‐failed UK manufacturing companies in terms of its significant contribution to the Z‐score, though the latter exceeds the former slightly using the univariate analysis.

This research contributes to the area of benchmarking by providing a method to more accurately predict corporate failure.

An examination of insider trading before and after the announcement of Credit Watch placements sheds new light on the study of both bond rating changes and insider trading. This paper utilizes Credit Watch placements classified by 11 indentifiable trigger events for the years 1981‐1990. We find significant insider purchases before positive implication placements, but no sales before negative implication placements. Among individual trigger events, we observe significant insider purchases before and after placements due to improved operating performance, bidding on a firm with a higher debt rating and firms increasing their debt‐to‐equity ratios. Significant insider purchases are found before placements due to purchasing assets. Significant insider sales are found before and after placements due to poor operating performance.

This study presents an original empirically based conceptual framework representing mobile microbusiness founders' experiences when converting to a franchise business model that links individual-level variables to a sociomaterial process.

An exploratory interpretive research design produced this framework using data from the enterprise development narratives of mobile franchisors who had recently converted their mobile microbusinesses to a franchise business model.

The emergent framework proposes that franchisor’s conversion experience involves substantial identity work prompted by an identity dilemma originating in a conflict between role expectations and franchising operational demands. This dilemma materializes during franchise document creation and requires some degree of “identity undoing” to ensure business continuity. By acting as boundary-objects-in-use in the conversion process, the franchise documents provide a sociomaterial foundation for the business transition and the development of a viable franchisor identity.

There is scant literature addressing the startup experiences of mobile microbusiness franchisors. The study was therefore exploratory, producing a substantive conceptual framework that will require further confirmatory studies.

By proposing that conversion to a franchise business model is experienced as an identity transformation coupled to a sociomaterial process centred on system documentation, this original empirically based conceptual framework not only addresses a gap in the individual-level literature on franchise development but also provides a framework to direct new research and discussions between intending franchisors and their professional advisors about person–enterprise fit.

The conceptual framework is the first to address franchisors' experience of transitioning any type of microbusiness to a franchise business model.