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
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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).
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

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  • 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.