Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden

Thanos Fragkandreas and Karin Larsen

MPRA Paper from University Library of Munich, Germany

Abstract: The social capital literature usually perceives social capital as dues ex machine for economic performance. In this paper we use existing social capital theory to develop a conceptual framework to explain; (i) the importance of organizational capital as the ‘missing link’ between social capital and economic performance, and (ii) the phenomenon of ‘complementarity’ of different forms of capital (i.e. Physical, Financial, Human, Social, Organizational and Economic Capital) as a prerequisite for economic performance. The conceptual framework is applied to Swedish farm partnerships involving machinery- and labour sharing. Our study suggest that (i) social capital combined with other forms of capital, such as financial, human, physical and organizational leads to greater economic outcomes and (ii) the creation of organizational capital can explain higher economic performance.

Keywords: Social Capital; Organizational Capital; Farm Partnerships; Economic Performance (search for similar items in EconPapers)
JEL-codes: A14 Z13 (search for similar items in EconPapers)
Date: 2009-08-09
New Economics Papers: this item is included in nep-hrm and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17916

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