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

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  • Peterson, H. Christopher
  • Robison, Lindon J.
  • Siles, Marcelo E.

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.

Suggested Citation

  • Peterson, H. Christopher & Robison, Lindon J. & Siles, Marcelo E., 1999. "The Social Capital Foundations Of Trust In Global Agri-Food System Transactions," Staff Paper Series 11490, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11490
    DOI: 10.22004/ag.econ.11490
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    References listed on IDEAS

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    1. Allan Schmid, A. & Robison, Lindon J., 1995. "Applications of Social Capital Theory," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(1), pages 59-66, July.
    2. Lindon Robison & A. Allan Schmid & Marcelo Siles, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor & Francis Journals, vol. 60(1), pages 1-21.
    3. Erin Anderson & Hubert Gatignon, 1986. "Modes of Foreign Entry: A Transaction Cost Analysis and Propositions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 17(3), pages 1-26, September.
    4. Rebecca L. Sandefur & Edward O. Laumann, 1998. "A Paradigm For Social Capital," Rationality and Society, , vol. 10(4), pages 481-501, November.
    5. Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1251-1288.
    6. 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.
    7. Robert H. Frank, 1993. "The Strategic Role of the Emotions," Rationality and Society, , vol. 5(2), pages 160-184, April.
    8. Robison, Lindon J. & Siles, Marcelo E., 1998. "Social Capital And Organizations," Staff Paper Series 11537, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Jan Johanson & Jan-Erik Vahlne, 1977. "The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 8(1), pages 23-32, March.
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    Cited by:

    1. Kirsten, J, 2002. "Forty Years Of Agricultural Economics Scholarship And Practice In South Africa: A Time To Challenge The Consensus And Refocus Our Intellectual Work," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 41(4).
    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(01), pages 1-10, April.
    3. Cormier, Kelley, 2001. "Farm Restructuring In Kazakhstan: An Institutional Economics Approach," Agricultural Economic Report Series 10949, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Kirsten, Johann F., 2004. "Expanding the Frontiers of Agricultural Economics to Meet the Future Challenges of Agricultural Development," 2004 Inaugural Symposium, December 6-8, 2004, Nairobi, Kenya 9519, African Association of Agricultural Economists (AAAE).
    5. Bronisz, Urszula & van Ophem, Johan & Heijman, Wim, 2014. "The impact of intellectual and social capital on the competitiveness of Polish regions," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 14(29), pages 1-12, December.

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