Abstract
Although theoretically necessary, social capital is not considered within the process of asset allocation for private investors. Both the lack of appropriate practical valuation concepts and the effort of providing and processing the required information as input for a valuation were obstacles to include social capital in this process. However, first theoretical financial models for the evaluation of social capital recently have become available. Moreover, the fast growth of business community websites and the technological progress in Web 2.0 tools that allow and acquire the active involvement of users, facilitate the provision and processing of valuation relevant information. In this paper we focus on the second aspect and propose a social software-based concept that allows for an integration of social capital in the asset allocation process.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Bodie, Z., Merton, R.C., Samuelson, W.F.: Labor supply flexibility and portfolio choice in a life cycle model. Journal of Economic Dynamics and Control 16, 427–449 (1992)
Boscaljon, B.: Time, wealth and human capital as determinants of asset allocation. Financial Services Review 13(3), 167–184 (2004)
Bourdieu, P.: Ökonomisches Kapital, Kulturelles Kapital, Soziales Kapital. In: Kreckkel, R. (ed.) Soziale Ungleichheiten, Göttingen, Soziale Welt Sonderband 2, pp. 183–198 (1983)
Brandes, U., Erlebach, T. (eds.): Network Analysis – Methodological Foundations, Berlin, Heidelberg, New York (2005)
Burt, R.S.: Structural holes – The social structure of competition. Harvard University Press, Cambridge (1992)
Burt, R.S.: The Contingent Value of Social Capital. Administrative Science Quarterly 42, 339–365 (1997)
Coleman, J.: Social capital in the creation of human capital. American Journal of Sociology 95, 95–120 (1988)
Cross, R., Parker, A., Prusak, L., Borgatti, S.P.: Knowing what we know: supporting knowledge creation and sharing in social networks. Organizational Dynamics 30(2), 100–120 (2001)
Gabbay, S.M., Leenders, R.A.J.: CSC: The structure of advantage and disadvantage. In: Leenders, T.A.J., Gabbay, S.M. (eds.) Corporate social capital and liability, Boston, pp. 1–14 (1999)
Gargiulo, M., Benassi, M.: The dark side of social capital. In: Leenders, T.A.J., Gabbay, S.M. (eds.) Corporate social capital and liability, Boston, pp. 299–322 (1999)
Hansen, M.T.: The search-transfer problem: the role of weak ties in sharing knowledge across organization subunits. Administrative Science Quarterly 44(1), 82–111 (1999)
Hevner, A.R., March, S.T., Park, J., Ram, S.: Design Science in Information Systems Research. MIS Quarterly 28(1), 75–105 (2004)
Kazienko, P., Katarzyna, M.: Social Capital in Online Social Networks. In: Gabrys, B., Howlett, R.J., Jain, L.C. (eds.) KES 2006, Part II. LNCS (LNAI), vol. 4252, pp. 417–424. Springer, Heidelberg (2006)
Kundisch, D., Zorzi, R.: Sozialkapital-Leverage in der Asset Allocation, working paper WI 236, Department of Information Systems Engineering & Financial Management, University of Augsburg (2008)
Lin, S.-C., Huang, Y.-M.: The Role of Social Capital in the Relationship between Human Capital and Career Mobility – Moderator or Mediator? Journal of Intellectual Capital 6, 191–205 (2005)
Spremann, K., Winhart, S.: Humankapital im Portefeuille privater Investoren. In: Zeitschrift für Betriebswirtschaft, Ergänzungsheft, vol. 3/97, pp. 145–167 (1997)
Seibert, S.E., Kraimer, M.L., Liden, R.C.: A social theory of career success. Academy of Management Journal 44(2), 219–237 (2001)
Wellmann, B., Wetherell, C., Plakans, A.: Social networks, kinships and community in Eastern Europe. Journal of Interdisciplinary History 24, 639–663 (1994)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2009 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Kundisch, D., Zorzi, R. (2009). Enhancing the Quality of Financial Advice with Web 2.0 – An Approach Considering Social Capital in the Private Asset Allocation. In: Nelson, M.L., Shaw, M.J., Strader, T.J. (eds) Value Creation in E-Business Management. AMCIS 2009. Lecture Notes in Business Information Processing, vol 36. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-03132-8_21
Download citation
DOI: https://doi.org/10.1007/978-3-642-03132-8_21
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-03131-1
Online ISBN: 978-3-642-03132-8
eBook Packages: Computer ScienceComputer Science (R0)