Does a Micro-Macro Link Exist Between Managerial Value of Reciprocity, Social Capital and Firm Performance? The Case of SMEs in China

Wei-ping Wu () and Alicia Leung

Asia Pacific Journal of Management, 2005, vol. 22, issue 4, 445-463

Abstract: With the deepening of China's economic reform, SMEs are starting to gain tremendous economic momentum and play an increasingly irreplaceable role in China's century-long bid for economic resurgence. Using a micro-macro link approach, this study investigates the effects of managerial value of reciprocity on both social capital and firm performance in China's rural SMEs. A structural equation modelling method was used to test hypotheses. Data from 177 SMEs in China provide supporting evidence that there exists a micro-macro link from managerial value of reciprocity, to social capital (trust) and to firm performance (both overall performance and competitiveness improvement). Copyright Springer Science + Business Media, Inc. 2005

Keywords: managerial value of reciprocity; social capital; transaction cost economics; performance; rural SMEs; China (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:kap:asiapa:v:22:y:2005:i:4:p:445-463

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DOI: 10.1007/s10490-005-4119-7

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