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*, Alicia S M LEUNG

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

78 Citations (Scopus)

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).

Original languageEnglish
Pages (from-to)445-463
Number of pages19
JournalAsia Pacific Journal of Management
Volume22
Issue number4
DOIs
Publication statusPublished - Dec 2005

Scopus Subject Areas

  • Business and International Management
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management

User-Defined Keywords

  • China
  • Managerial value of reciprocity
  • Performance
  • Rural SMEs
  • Social capital
  • Transaction cost economics

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