Abstract
This chapter explains the importance of social capital for society, management and entrepreneurship. It emphasises the scholarly importance of social capital in the fields of social science, economics, health, arts and humanities. There is a large and robust body of research that addresses three main views pertaining to social capital: communitarian; networks; and institutions. The communitarian view reflects social cohesion amongst and between members in a group and moral behaviours. The networks view refers to different social ties available to individuals and associated norms that promote access to resources. The institutional view represents social capital as an outcome of institutions, democracy and rule of law. Furthermore, the chapter proceeds to explain the relevance of three social capital dimensions in management and entrepreneurial social capital research-namely, structural (bonding, bridging), relational (trust, reciprocity and norms) and cognitive (communication). It also illuminates the complex linkage between bonding and bridging network structures and dynamics of relational and cognitive features.
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Notes
- 1.
Social capital helps to explain: economic development and regional growth (Beugelsdijk and Schaik 2005; Dasgupta 2000; Doh and Acs 2010; Grootaert et al. 2004; Iyer et al. 2005; Kaasa 2009; Laursen et al. 2012; Malecki 2012; Maskell 2000; OECD 2001; Tura and Harmaakorpi 2005; Woolcock and Narayan 2000); good physiological and mental health (Cattell 2001; Engstrom et al. 2008; Harpham et al. 2002; Kawachi et al. 2004, 2008; Lindstrom 2004, 2010; Lochner et al. 1999; McKenzie and Harpham 2006; Moore et al. 2011; OECD 2001, 2010; Oskanen et al. 2012; Phonsgaven et al. 2006; Piazza-Georgi 2002; Rose 2000; Snelgrove et al. 2009; Subramanian et al. 2005; Suzuki et al. 2010a, 2010b; Szreter and Woolcock 2004); civic behaviour, community building and democratic participation (Cornelius and Wallace 2011; Crossley 2007; Flora 1998; Freitag 2006; Geys and Murdoch 2010; Ha 2010; Harrigan and El Said 2009; Hayami 2009; Menahem et al. 2011; Musso et al. 2011; Onyx and Bullen 2000; Putnam 2000; Sampson and Graif 2009; Savage et al. 2004; Schneider 2007; Schnur 2005); online communities, virtual connections and face-to-face support (Blanchard and Horan 1998; Blanchard 2004; Carrasco and Miller 2009; Chewar et al. 2005; Choi et al. 2011; Drentea and Moren-Cross 2005; Ellison et al. 2007; Evans and Carson 2005; Ferlander 2007; Ferlander and Timms 2007; Huysman and Wulf 2004; Kavanaugh and Patterson 2001; Kavanaugh et al. 2005; Parker and Song 2006; Plickert et al. 2005; Putnam 2000; Quan-Haase and Wellman 2004; Urquhart et al. 2008; Wellman et al. 2001; Williams 2007); refugees and migrants socialisation and employment (Akcapar 2010; Allen 2009; Balderrama and Molina II 2009; Chou and Chow 2009; deVroome and van Tubergen 2010; Ma 2002; Reynolds 2010); capacity building-resource management programs and fisheries-coastal management (Bouma et al. 2008; Grafton 2005; Islam et al. 2011; Ramanadhan et al. 2010; Ramirez-Sanchez and Pinkerton 2009); and post-conflict and post-disaster recovery (Aldrich 2011; Chamlee Wright and Storr 2011; Efendic et al. 2015; Graham 2016; Hawkins and Maurer 2010; Kapucu 2006; Minamoto 2010).
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Lee, R. (2017). Social Capital: Its Foundations and Application in Management and Entrepreneurship. In: The Social Capital of Entrepreneurial Newcomers. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59820-2_3
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DOI: https://doi.org/10.1057/978-1-137-59820-2_3
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