What drives business performance in Denmark: Does social capital and religious diversity matter?

Bodo Steiner, Cong Wang

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Motivated by the limited evidence on the positive link between social capital, religion and firm performance, this paper explores these potential drivers of firm performance at the firm rather than macro-level by employing a novel approach: we capture social capital and religion at a community level rather than focus on the narrow aspect of entrepreneurs’ own social network and religious beliefs. Using Principal Component Analysis to aggregate various trust, norm, network and religious belief-related variables to construct social capital and religion variables, this paper identifies an overall positive and significant effect of social capital and religion on firm performance in Denmark. These effects are robust to different levels of aggregation (sample structure), different sampling years and alternative measures of firm performance (return on asset, current ratio, solvency ratio and profit margin).
Original languageEnglish
Publication statusPublished - Jun 2015
Externally publishedYes
EventUddevalla Symposium on Regional Development in an International Context - Syddansk Universitet, Odense, Denmark
Duration: 11 Jun 201513 Jun 2015
Conference number: 18th
https://10times.com/uddevalla-symposium

Conference

ConferenceUddevalla Symposium on Regional Development in an International Context
CountryDenmark
CityOdense
Period11/06/1513/06/15
Internet address

Fingerprint

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

Cite this

Steiner, B., & Wang, C. (2015). What drives business performance in Denmark: Does social capital and religious diversity matter?. Paper presented at Uddevalla Symposium on Regional Development in an International Context, Odense, Denmark.
Steiner, Bodo ; Wang, Cong. / What drives business performance in Denmark : Does social capital and religious diversity matter?. Paper presented at Uddevalla Symposium on Regional Development in an International Context, Odense, Denmark.
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Steiner, B & Wang, C 2015, 'What drives business performance in Denmark: Does social capital and religious diversity matter?' Paper presented at Uddevalla Symposium on Regional Development in an International Context, Odense, Denmark, 11/06/15 - 13/06/15, .

What drives business performance in Denmark : Does social capital and religious diversity matter? / Steiner, Bodo; Wang, Cong.

2015. Paper presented at Uddevalla Symposium on Regional Development in an International Context, Odense, Denmark.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - What drives business performance in Denmark

T2 - Does social capital and religious diversity matter?

AU - Steiner, Bodo

AU - Wang, Cong

PY - 2015/6

Y1 - 2015/6

N2 - Motivated by the limited evidence on the positive link between social capital, religion and firm performance, this paper explores these potential drivers of firm performance at the firm rather than macro-level by employing a novel approach: we capture social capital and religion at a community level rather than focus on the narrow aspect of entrepreneurs’ own social network and religious beliefs. Using Principal Component Analysis to aggregate various trust, norm, network and religious belief-related variables to construct social capital and religion variables, this paper identifies an overall positive and significant effect of social capital and religion on firm performance in Denmark. These effects are robust to different levels of aggregation (sample structure), different sampling years and alternative measures of firm performance (return on asset, current ratio, solvency ratio and profit margin).

AB - Motivated by the limited evidence on the positive link between social capital, religion and firm performance, this paper explores these potential drivers of firm performance at the firm rather than macro-level by employing a novel approach: we capture social capital and religion at a community level rather than focus on the narrow aspect of entrepreneurs’ own social network and religious beliefs. Using Principal Component Analysis to aggregate various trust, norm, network and religious belief-related variables to construct social capital and religion variables, this paper identifies an overall positive and significant effect of social capital and religion on firm performance in Denmark. These effects are robust to different levels of aggregation (sample structure), different sampling years and alternative measures of firm performance (return on asset, current ratio, solvency ratio and profit margin).

M3 - Paper

ER -

Steiner B, Wang C. What drives business performance in Denmark: Does social capital and religious diversity matter?. 2015. Paper presented at Uddevalla Symposium on Regional Development in an International Context, Odense, Denmark.