The Influence of Social Capital on Enterprise Performance: Based on the Economic Transition Stage of China

Abstract

Abstract:

The influence of social capital on enterprise performance may be different at different stage of economic transformation. This paper analyzes the influence of social capital on enterprise performance from the perspective of China's economic transition. Economic transformation is made up of system transformation and structure transformation. This paper uses public financial data of 247 Chinese listed companies to make an empirical analysis and the result shows:in system transformation, the system social capital promotes the power of market, but hinders the economic performance, and market social capital improves the economic performance, but has little influence on market power; in structure transformation, the social capital between government and enterprises hinders the development of traditional industries and promotes the development of emerging industries, while other social capital promotes both the traditional industries and emerging industries.

Key words: social capital, system transformation, structure transformation, enterprise performance

Wan Jianxiang, Zhong Yiting. The Influence of Social Capital on Enterprise Performance: Based on the Economic Transition Stage of China[J]. , 2018, 30(1): 60-66.

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