Firm performance, social capital and religion: Evidence from Denmark

Cong Wang, Bodo Steiner

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Values, norms, trust, and community membership are considered key
sources of motivation for social capital, potentially providing valuable resource
flows. In light of the limited evidence on the link between social capital and firm
performance, this paper explores the role of these sources of motivation for social
capital, while accounting for religion and focusing on social networks at a regional
level. Using Principal Component Analysis to construct social network variables
62
for subsequent OLS firm-level regressions, this paper identifies overall positive
and significant effects of regional social capital on firm performance, with religion
playing a distinct role. The effects are robust to alternative measures of firm
performance (return on assets, current ratio, solvency ratio and profit margin).
Original languageEnglish
Publication statusPublished - Dec 2017
Event14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning - Hong Kong Polytechnic University, Hong Kong, China
Duration: 7 Dec 20178 Dec 2017

Conference

Conference14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning
CountryChina
CityHong Kong
Period7/12/178/12/17

Fingerprint

Firm performance
Denmark
Social capital
Social networks
Solvency
Profit margin
Principal component analysis
Return on assets

Cite this

Wang, C., & Steiner, B. (2017). Firm performance, social capital and religion: Evidence from Denmark. Paper presented at 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning, Hong Kong, China.
Wang, Cong ; Steiner, Bodo. / Firm performance, social capital and religion : Evidence from Denmark. Paper presented at 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning, Hong Kong, China.
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abstract = "Values, norms, trust, and community membership are considered keysources of motivation for social capital, potentially providing valuable resourceflows. In light of the limited evidence on the link between social capital and firmperformance, this paper explores the role of these sources of motivation for socialcapital, while accounting for religion and focusing on social networks at a regionallevel. Using Principal Component Analysis to construct social network variables 62for subsequent OLS firm-level regressions, this paper identifies overall positiveand significant effects of regional social capital on firm performance, with religionplaying a distinct role. The effects are robust to alternative measures of firmperformance (return on assets, current ratio, solvency ratio and profit margin).",
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Wang, C & Steiner, B 2017, 'Firm performance, social capital and religion: Evidence from Denmark' Paper presented at 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning, Hong Kong, China, 7/12/17 - 8/12/17, .

Firm performance, social capital and religion : Evidence from Denmark. / Wang, Cong; Steiner, Bodo.

2017. Paper presented at 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning, Hong Kong, China.

Research output: Contribution to conferencePaperResearchpeer-review

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T1 - Firm performance, social capital and religion

T2 - Evidence from Denmark

AU - Wang, Cong

AU - Steiner, Bodo

N1 - Full paper presentation. Not published.

PY - 2017/12

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N2 - Values, norms, trust, and community membership are considered keysources of motivation for social capital, potentially providing valuable resourceflows. In light of the limited evidence on the link between social capital and firmperformance, this paper explores the role of these sources of motivation for socialcapital, while accounting for religion and focusing on social networks at a regionallevel. Using Principal Component Analysis to construct social network variables 62for subsequent OLS firm-level regressions, this paper identifies overall positiveand significant effects of regional social capital on firm performance, with religionplaying a distinct role. The effects are robust to alternative measures of firmperformance (return on assets, current ratio, solvency ratio and profit margin).

AB - Values, norms, trust, and community membership are considered keysources of motivation for social capital, potentially providing valuable resourceflows. In light of the limited evidence on the link between social capital and firmperformance, this paper explores the role of these sources of motivation for socialcapital, while accounting for religion and focusing on social networks at a regionallevel. Using Principal Component Analysis to construct social network variables 62for subsequent OLS firm-level regressions, this paper identifies overall positiveand significant effects of regional social capital on firm performance, with religionplaying a distinct role. The effects are robust to alternative measures of firmperformance (return on assets, current ratio, solvency ratio and profit margin).

M3 - Paper

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Wang C, Steiner B. Firm performance, social capital and religion: Evidence from Denmark. 2017. Paper presented at 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning, Hong Kong, China.