Does a Micro-Macro Link Exist Between Managerial Value of Reciprocity, Social Capital and Firm Performance? The Case of SMEs in China
With the deepening of China's economic reform, SMEs are starting to gain tremendous economic momentum and play an increasingly irreplaceable role in China's century-long bid for economic resurgence. Using a micro-macro link approach, this study investigates the effects of managerial value of reciprocity on both social capital and firm performance in China's rural SMEs. A structural equation modelling method was used to test hypotheses. Data from 177 SMEs in China provide supporting evidence that there exists a micro-macro link from managerial value of reciprocity, to social capital (trust) and to firm performance (both overall performance and competitiveness improvement). Copyright Springer Science + Business Media, Inc. 2005
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Volume (Year): 22 (2005)
Issue (Month): 4 (December)
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- Mick Carney, 1998. "The Competitiveness of Networked Production: The Role of Trust and Asset Specificity," Journal of Management Studies, Wiley Blackwell, vol. 35(4), pages 457-479, 07.
- Robert Westwood & Andrew Chan & Stephen Linstead, 2004. "Theorizing Chinese Employment Relations Comparatively: Exchange, Reciprocity and the Moral Economy," Asia Pacific Journal of Management, Springer, vol. 21(3), pages 365-389, 09.
- repec:ner:tilbur:urn:nbn:nl:ui:12-175839 is not listed on IDEAS
- Williamson, Oliver E, 1983. "Credible Commitments: Using Hostages to Support Exchange," American Economic Review, American Economic Association, vol. 73(4), pages 519-40, September.
- Xiao-Ping Chen & Chao C. Chen, 2004. "On the Intricacies of the Chinese Guanxi: A Process Model of Guanxi Development," Asia Pacific Journal of Management, Springer, vol. 21(3), pages 305-324, 09.
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