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

doi:10.1007/s10490-005-4119-7

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 journal › Review article › peer-review

83 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 language	English
Pages (from-to)	445-463
Number of pages	19
Journal	Asia Pacific Journal of Management
Volume	22
Issue number	4
DOIs	https://doi.org/10.1007/s10490-005-4119-7
Publication status	Published - 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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10.1007/s10490-005-4119-7

Cite this

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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).",

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N2 - 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).

AB - 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).

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KW - Managerial value of reciprocity

KW - Performance

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KW - Social capital

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Does a micro-macro link exist between managerial value of reciprocity, social capital and firm performance? The case of SMEs in China

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