THE SOCIAL CAPITAL: FROM MACRO TO MICROECONOMIC

Simona Buta ()
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Simona Buta: Stefan cel Mare' University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2016, vol. 16, issue 1(23), 138-144

Abstract: Our paper examines the social capital both from a macroeconomic and a microeconomic perspective, meaning that an equivalent of this structure of the social capital (macroeconomic perspective) is reflected clearly also in the social capital available to a company, firm or enterprise. Intuitively, we understand that we encounter in the real economy some firms / companies for which their social capital accumulated over time has some specific supporting the yearly performance obtained by the organization (examples regarding this specific: greater trust between individuals and groups, a set of common values more clearly individualized and conducive to competition etc.). Similarly, we will encounter in the real economy firms and companies for whom the specific of the accumulated social capital limits the annual performance (specificity examples of this type of capital: excessive conflicts and distrust between employees, lack of integrity of some decision-makers, autocratic management styles etc.).

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:16:y:2016:i:1(23):p:138-144

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