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Social capital creation

06 Nov 2014-
About: The article was published on 2014-11-06 and is currently open access. It has received 48 citations till now. The article focuses on the topics: Individual capital & Financial capital.

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Citations
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Journal Article
TL;DR: The resource-based view RBV of the firm has influenced the field of strategic human resource management SHRM in a number of ways as discussed by the authors and has been used in a variety of ways.
Abstract: The resource-based view RBV of the firm has influenced the field of strategic human resource management SHRM in a number of ways

665 citations

Journal ArticleDOI
TL;DR: Family and friends at the micro level are considered to be the key factors in generating social capital and well-being in older people, and there is no ‘gold standard’ of how to measure social capital or mental well-well-being.
Abstract: Social capital has previously been reviewed in relation to mental health. However, none have focused specifically on positive aspects of mental health such as mental well-being. This review aimed to explore the relationship between social capital and mental well-being in older people. Ten relevant databases were systematically searched using an extensive search strategy for studies, analyzing the link between social capital and mental well-being. Criteria for inclusion in the systematic review were: the study sample included older people (≥50 years); the study reported a mental well-being outcome; social capital was an exposure variable; and empirical research using quantitative methods and published in English, between January 1990 and September 2011. Eleven studies met the inclusion criteria. Each study was assessed against seven possible exposure measures (structural, cognitive; bonding, bridging, linking; individual, collective). The results showed that all included studies found positive associations...

242 citations


Cites background from "Social capital creation"

  • ...While Putnam (1993, 2000) emphasized social capital as a collectively based resource which focuses on the strength of social cohesion within the community, others maintain that social capital is an individual asset that can be examined through individuals’ social networks (Bourdieu, 1986; Coleman, 1988; Lin, 1999)....

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  • ...…2000) emphasized social capital as a collectively based resource which focuses on the strength of social cohesion within the community, others maintain that social capital is an individual asset that can be examined through individuals’ social networks (Bourdieu, 1986; Coleman, 1988; Lin, 1999)....

    [...]

  • ...Ajrouch (2007), who incorporated the theory by Coleman (1988), found that perceptions of the quality of support received by child and spouse were related to life satisfaction....

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  • ...In Forsman, Herberts, Nyqvist, Wahlbeck, and Schierenbeck’s study (2012) the immediate family and close friendship were identified as the key factor of mental well-being providing social support, mutual trust, and sense of security....

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  • ...Although the definition by Putnam is commonly adopted, the contributions by the sociologists Bourdieu (1986) and Coleman (1988) are also significant, however, less conceptualized within the field of public health. Whilst Bourdieu (1986) emphasized resources such as social support within the network as social capital, Coleman (1988) used the existence of social capital or networks to explain and understand goal achievements in life....

    [...]

Journal ArticleDOI
TL;DR: In this paper, the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms were investigated, and they found that human capital strongly predicts firm success, with learning exhibiting a statistically significant positive association with operating profit.
Abstract: This study investigates the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms. Operating profit is used as the measure of success. Human capital is captured by individual-level professional education, start-up experience, and learning. Whereas the first two dimensions of human capital are measured with traditional indicators, we define learning as the ability to accumulate knowledge to conduct innovation activities (new product introduction, product innovation and process innovation). Social capital is measured as benefits obtained from personal strong-tie and weak-tie networks. Key findings are threefold: (i) human capital strongly predicts firm success, with learning exhibiting a statistically significant positive association with operating profit, (ii) benefits from weak ties outweigh those from strong ties, (iii) interaction of human capital and social capital displays a statistically significant positive effect on new-firm performance.

171 citations


Cites background from "Social capital creation"

  • ...The notion that human capital and social capital are complementary forms of capital cn be traced back to Coleman (1988)....

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  • ...social capital are complementary forms of capital c n be traced back to Coleman (1988). He argues that social capital in the family as well as in the community promotes...

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Journal ArticleDOI
TL;DR: In this paper, the role of social relations and networks in open innovation settings is examined and a model that conceptualizes social capital as a mediator between the implementation of open innovation instruments and firm performance is developed.
Abstract: This article examines the role of social relations and networks in open innovation settings. Building on extant open innovation literature as well as on social capital theory, we develop a model that conceptualizes social capital as a mediator between the implementation of open innovation instruments and firm performance. In doing so, this paper adds to the understanding of the role of structure and content of social relations in open innovation contexts as well as of sustainable side-effects of open innovation. In particular, we argue that apart from a direct effect of open innovation instruments on firm performance, there is also a mediated relationship between these variables. More precisely, we propose that the implementation of open innovation instruments strengthens an organization's social capital, which is, in turn, positively related to firm performance.

121 citations


Cites background from "Social capital creation"

  • ...As generalized norms reduce uncertainty about returns on investments, benefits arise from the solidarity and reciprocity inherent in these relationships (Coleman, 1988, 1990)....

    [...]

  • ...Research at the individual level has analysed the effects of social capital on human capital (e.g., Coleman, 1988), career success (e.g., Seibert, Kraimer & Liden, 2001), compensation and promotion (e.g., Burt, 1997), knowledge creation (e.g., McFadyen, Semadeni & Cannella, 2009), creativity (e.g.,…...

    [...]

Journal ArticleDOI
TL;DR: In this paper, the effects of both family and non-family social capital on firm performance were investigated, and it was shown that non-bi-lobal social capital has a stronger effect on performance than family social capital.
Abstract: This article reports on a study investigating the effects of both family and non-family social capital on firm performance. Specifically, we contend that non-family social capital has a stronger ef ...

57 citations


Cites background from "Social capital creation"

  • ..., 2007; Coleman, 1988) and thus firm performance (Sorenson et al., 2 009). For instance, Cross and Prusak (2002) note that the distinctive set of family resources created by family SC provides a competitive advanta ge for family businesses....

    [...]

  • ...8 encourage an ideal environment that fosters high le vels of SC (Arregle et al., 2007; Coleman, 1988) and thus firm performance (Sorenson et al....

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  • ...Coleman (1990) framed SC as a valuable asset that stems from access to resources made available through soc ial relationships....

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  • ...Coleman (1990) framed SC as a valuable asset that stems from access to resources made available through soc ial relationships. By allowing people to act collectively, SC reflects the value of relation ships: It exists among people and organisations and provides its holders with potenti al opportunities (e.g. Nahapiet and Ghoshal, 1998; Stam et al., 2014). Nahapiet and Gho shal (1998) and Tsai and Ghoshal (1998) synthesise SC in three dimensions: structural, rela tion l, and cognitive....

    [...]

  • ...Accordingly, scholars believe that relations among family members encourage an ideal environment that fosters high levels of SC (Arregle et al., 2007; Coleman, 1988) and thus firm performance (Sorenson et al., 2009)....

    [...]

References
More filters
Journal Article
TL;DR: The resource-based view RBV of the firm has influenced the field of strategic human resource management SHRM in a number of ways as discussed by the authors and has been used in a variety of ways.
Abstract: The resource-based view RBV of the firm has influenced the field of strategic human resource management SHRM in a number of ways

665 citations

Journal ArticleDOI
TL;DR: Family and friends at the micro level are considered to be the key factors in generating social capital and well-being in older people, and there is no ‘gold standard’ of how to measure social capital or mental well-well-being.
Abstract: Social capital has previously been reviewed in relation to mental health. However, none have focused specifically on positive aspects of mental health such as mental well-being. This review aimed to explore the relationship between social capital and mental well-being in older people. Ten relevant databases were systematically searched using an extensive search strategy for studies, analyzing the link between social capital and mental well-being. Criteria for inclusion in the systematic review were: the study sample included older people (≥50 years); the study reported a mental well-being outcome; social capital was an exposure variable; and empirical research using quantitative methods and published in English, between January 1990 and September 2011. Eleven studies met the inclusion criteria. Each study was assessed against seven possible exposure measures (structural, cognitive; bonding, bridging, linking; individual, collective). The results showed that all included studies found positive associations...

242 citations

Journal ArticleDOI
TL;DR: In this paper, the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms were investigated, and they found that human capital strongly predicts firm success, with learning exhibiting a statistically significant positive association with operating profit.
Abstract: This study investigates the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms. Operating profit is used as the measure of success. Human capital is captured by individual-level professional education, start-up experience, and learning. Whereas the first two dimensions of human capital are measured with traditional indicators, we define learning as the ability to accumulate knowledge to conduct innovation activities (new product introduction, product innovation and process innovation). Social capital is measured as benefits obtained from personal strong-tie and weak-tie networks. Key findings are threefold: (i) human capital strongly predicts firm success, with learning exhibiting a statistically significant positive association with operating profit, (ii) benefits from weak ties outweigh those from strong ties, (iii) interaction of human capital and social capital displays a statistically significant positive effect on new-firm performance.

171 citations

Journal ArticleDOI
TL;DR: In this paper, the role of social relations and networks in open innovation settings is examined and a model that conceptualizes social capital as a mediator between the implementation of open innovation instruments and firm performance is developed.
Abstract: This article examines the role of social relations and networks in open innovation settings. Building on extant open innovation literature as well as on social capital theory, we develop a model that conceptualizes social capital as a mediator between the implementation of open innovation instruments and firm performance. In doing so, this paper adds to the understanding of the role of structure and content of social relations in open innovation contexts as well as of sustainable side-effects of open innovation. In particular, we argue that apart from a direct effect of open innovation instruments on firm performance, there is also a mediated relationship between these variables. More precisely, we propose that the implementation of open innovation instruments strengthens an organization's social capital, which is, in turn, positively related to firm performance.

121 citations

Journal ArticleDOI
TL;DR: In this paper, the effects of both family and non-family social capital on firm performance were investigated, and it was shown that non-bi-lobal social capital has a stronger effect on performance than family social capital.
Abstract: This article reports on a study investigating the effects of both family and non-family social capital on firm performance. Specifically, we contend that non-family social capital has a stronger ef ...

57 citations