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The Social Capital Foundations Of Trust In Global Agri-Food System Transactions

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Author Info
Peterson, H. Christopher
Robison, Lindon J.
Siles, Marcelo E.

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Abstract

The concept of social capital is defined as a third process (along with individual incentives and authority relationships) for assuring transaction cost efficiency. Social capital is especially relevant to international transactions because cultural differences, large distances, and limited international institutional scope lessen the effectiveness of incentives and authority relationships while social capital can be built within the context of specific international transactions. Methods for building social capital in international settings are explored. A research agenda is articulated as well as a list of managerial implications for using social capital in an international context.

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File URL: http://purl.umn.edu/11490
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Publisher Info
Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11490.

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Date of creation: 1999
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Handle: RePEc:ags:midasp:11490

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Related research
Keywords: Agribusiness;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Schmid, A. Allan & Robison, Lindon J., 1995. "Applications Of Social Capital Theory," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(01), July. [Downloadable!]
  2. Robison, Lindon J & Schmid, A Allan & Siles, Marcelo E, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor and Francis Journals, vol. 60(1), pages 1-21, March. [Downloadable!] (restricted)
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  3. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1251-88, November.
  4. Robison, Lindon J. & Siles, Marcelo E., 1998. "Social Capital And Organizations," Staff Papers 11537, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Cormier, Kelly, 2001. "Farm Restructuring In Kazakhstan: An Institutional Economics Approach," Agricultural Economic Reports 10949, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
  2. Robison, Lindon J. & Schmid, A. Allan & Barry, Peter J., 2002. "The Role of Social Capital in the Industrialization of the Food System," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(1), April. [Downloadable!]
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