We show that social capital improves the viability of stakeholder-oriented firms operating in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we find that banks located in communities with high social capital have a higher probability of...

Nonprofits provide services for the common good and are having an increasing influence on the economy over time. There is consensus among prior studies in for-profit settings that social capital positively influences corporate financial performance. In contrast, this study analyzes the...

It is well established in the literature that foreign affiliates are subject to a series of governance and assimilation costs that deteriorate their performance. This is particularly relevant for firms which have been recently acquired by foreign investors. We employ the variation in civic...

Die Nutzung von sozialen Netzwerken wie Facebook ist auf dem Vormarsch. Aber kann Facebook für Unternehmen ein entscheidendes Marketing- und Networking-Tool sein, das den Unternehmenserfolg unterstützt? Unser Auswertungen von 1.971 Firmen zeigen, dass die Aktivität auf Facebook durch den...