The Social Capital Foundations Of Trust In Global Agri-Food System Transactions
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.
|Date of creation:||1999|
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"Is Social Capital Really Capital?,"
11649, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
- Martin, Larry & Westgren, Randall & Schrader, Lee & Cousineau, Linda & Le Roc'h, Nathalie & Paguaga, Roger & Amanor-Boadu, Vincent, 1993. "Alternative Business Linkages: The Case of the Poultry Industry," Working Papers 244123, Agriculture and Agri-Food Canada.
- Robison, Lindon J. & Siles, Marcelo E., 1998. "Social Capital And Organizations," Staff Papers 11537, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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