‘Good’ versus ‘Bad’ Embeddedness: The Case of Bordeaux and of some Italian Regions

Generally speaking, the ‘virtues’ of embeddedness have been praised for banks, because taking root deep within local business connections cannot help but loosen the haunting asymmetry of information. Beyond a classical firm’s management demands, banking organisations – considering corporate commercial banking only here – dedicate a large part of their portfolio of skills to knowledge management and the collection of information about risks, because part of their decision-making processes are mainly based on risk assessment.