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Presentation
Social capital, religious affiliation and business performance in Denmark
Academy of Management Annual Meeting: Making Organisations Meaningful (2016)
  • Bodo Steiner, University of Southern Denmark
  • Cong Wang, University of Southern Denmark
Abstract
Values, norms, trust, and community membership are considered key sources of motivation for social capital, providing resource flows that can impact the performance of local actors. Motivated by limited evidence on the link between social capital and business performance, this paper explores the role of values, norms, trust, networks and religious affiliation for firm performance. We employ a novel empirical approach and capture social networks at a community level rather than focusing on firm-based social networks as much of the previous literature. Using Principal Component Analysis to construct novel social network variables for subsequent OLS firm-level regressions, this paper identifies an overall positive and significant effect of social capital and religious affiliation on firm performance in Denmark. These effects are robust to different levels of aggregation (sample structure), different sampling years and alternative measures of firm performance (return on asset, current ratio, solvency ratio and profit margin).
Keywords
  • business performance,
  • religion,
  • social capital
Publication Date
2016
Location
Anaheim, California
Comments
Citation only

Steiner, B., & Wang, C. (2016, August). Social capital, religious affiliation and business performance in Denmark. Paper presented at Academy of Management Annual Meeting: Making organisations meaningful, Anaheim, California, United States.

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Citation Information
Bodo Steiner and Cong Wang. "Social capital, religious affiliation and business performance in Denmark" Academy of Management Annual Meeting: Making Organisations Meaningful (2016)
Available at: http://works.bepress.com/cong-wang/3/