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Social Capital and the Resource-Based View of the Firm

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  • Andrew M. Chisholm
  • Klaus Nielsen

Abstract

This paper integrates the role of corporate social capital in the resource-based view of the firm. In the resource-based view, the firm is seen as a pool of resources, including vital intangible resources, which can create competitive advantage and superior profits. It is argued that social capital figures prominetly among such intangible resources. It is shown that an explicit inclusion of the role of social capital further strengthens the analytical powers of the resource-based view in relation to a number of issues. These issues include the relative merits of firms and markets as organizational forms, the ratinale of interfim networks as an alternative to spot market exchanges and coordination by a single centralized authority, and the role of social capital as a governance mechanism in such interfirm networks.

Suggested Citation

  • Andrew M. Chisholm & Klaus Nielsen, 2009. "Social Capital and the Resource-Based View of the Firm," International Studies of Management & Organization, Taylor & Francis Journals, vol. 39(2), pages 7-32, January.
    • Handle: RePEc:taf:mimoxx:v:39:y:2009:i:2:p:7-32
    DOI: 10.2753/IMO0020-8825390201
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    Cited by:

    1. Rayees Farooq & Sandeep Vij, 2019. "Does Market Orientation Mediate between Knowledge Management Orientation and Business Performance?," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1-35, December.
    2. Paul, Justin & Parthasarathy, Sundar & Gupta, Parul, 2017. "Exporting challenges of SMEs: A review and future research agenda," Journal of World Business, Elsevier, vol. 52(3), pages 327-342.
    3. Kapoor, Kawaljeet & Bigdeli, Ali Ziaee & Schroeder, Andreas & Baines, Tim, 2022. "A platform ecosystem view of servitization in manufacturing," Technovation, Elsevier, vol. 118(C).
    4. Lowitt, Kristen & Hickey, Gordon M. & Ganpat, Wayne & Phillip, Leroy, 2015. "Linking Communities of Practice with Value Chain Development in Smallholder Farming Systems," World Development, Elsevier, vol. 74(C), pages 363-373.
    5. repec:ipg:wpaper:2014-432 is not listed on IDEAS
    6. Zuzana Virglerova & Eva Ivanova & Jan Dvorsky & Jaroslav Belas & Tomáš Krulický, 2021. "Selected factors of internationalisation and their impact on the SME perception of the market risk," Oeconomia Copernicana, Institute of Economic Research, vol. 12(4), pages 1011-1032, December.
    7. Ashraf Elsafty & Dalia Abadir & Ashraf Shaarawy, 2020. "How Does the Entrepreneurs’ Financial, Human, Social and Psychological Capitals Impact Entrepreneur’S Success?," Business and Management Studies, Redfame publishing, vol. 6(3), pages 55-71, September.
    8. Kai-Ping Huang & Karen Wang, 2013. "The moderating effect of social capital and environmental dynamism on the link between entrepreneurial orientation and resource acquisition," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(3), pages 1617-1628, April.
    9. Nur Hayati Binti Ab Samad & Noreena Md Yusoff & Rina Fadhilah Ismail, 2019. "Effectiveness of Social Enterprise in Managing Intellectual Capital," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 280-290, May.
    10. Bénédicte Brullebaut & Isabelle Allemand & Enrico Prinz & Florence Thépot, 2022. "Persistence in corporate networks through boards of directors? A longitudinal study of interlocks in France, Germany, and the United Kingdom," Review of Managerial Science, Springer, vol. 16(6), pages 1743-1782, August.
    11. Paul, Justin, 2020. "SCOPE framework for SMEs: A new theoretical lens for success and internationalization," European Management Journal, Elsevier, vol. 38(2), pages 219-230.
    12. Shuwang Zhang & Ghulam Rasool Madni & Iftikhar Yasin, 2022. "Exploring the Mutual Nexus of Social Capital, Social Innovations and Organizational Performance," Sustainability, MDPI, vol. 14(19), pages 1-15, September.
    13. Islam, Nazrul & Wang, Qidong & Marinakis, Yorgos & Walsh, Steven, 2022. "Family enterprise and technological innovation," Journal of Business Research, Elsevier, vol. 147(C), pages 208-221.
    14. Kwok, Francis & Sharma, Piyush & Gaur, Sanjaya Singh & Ueno, Akiko, 2019. "Interactive effects of information exchange, relationship capital and environmental uncertainty on international joint venture (IJV) performance: An emerging markets perspective," International Business Review, Elsevier, vol. 28(5), pages 1-1.

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