Does a virtuous circle between social capital and CSR exist? A Ònetwork of gamesÓ model and some empirical evidence

Giacomo Degli Antoni () and Lorenzo Sacconi

No wp28, Econometica Working Papers from Econometica

Abstract: Social capital and corporate social responsibility (CSR) have received increasing attention in research on the role that elements such as trust, trustworthiness and social norms of reciprocity and cooperation may have in promoting socio-economic development. Although social capital and CSR seem to have features in common, their relationship has not yet been analysed in depth. This paper investigates the idea of a virtuous circle between the level of social capital and the implementation of CSR practices that fosters the creation of cooperative networks between the firm and all its stakeholders. By using both a theoretical approach developed by considering tools of network analysis and psychological game theory and an empirical approach based on original evidence from three case studies, this study shows the role that cognitive social capital (understood as a disposition to conform with ethical principles of cooperation) and the adoption of CSR practices may have in promoting the emergence of sustainable networks of relations between the firm and all its stakeholders (structural social capital).

Keywords: Social capital; Corporate Social Responsibility; Social norms; Network; Cooperation; Trust (search for similar items in EconPapers)
JEL-codes: A13 D23 L21 M14 Z10 (search for similar items in EconPapers)
Pages: 44
Date: 2011-05
New Economics Papers: this item is included in nep-evo and nep-soc
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Citations: View citations in EconPapers (5)

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