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
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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).
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 language | English |
|---|---|
| Publication status | Published - Dec 2017 |
| Event | 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning - Hong Kong Polytechnic University, Hong Kong, China Duration: 7 Dec 2017 → 8 Dec 2017 |
Conference
| Conference | 14th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning |
|---|---|
| Country/Territory | China |
| City | Hong Kong |
| Period | 7/12/17 → 8/12/17 |