We investigate whether a firm's social capital, and the trust that it engenders, are viewed favorably by bondholders. Using firms' corporate social responsibility (CSR) activities to proxy for social capital, we find no relation between CSR and bond spreads over the period 2005-2013. However,...

We examine the impact of social capital in local communities on corporate disclosure of proprietary information. Firms located in communities with higher social capital care more about the collective interests of the local communities. While the disclosure of proprietary information has the...

We examine the implications of social trust for auditor reporting conservatism. Using a sample of listed companies in China, we find that clients located in high trust regions are less likely to receive a non-clean audit opinion. This negative impact of social trust on auditor reporting...

Tools of social media are becoming the most prevalent venues for online content sharing and creation worldwide. Both the manner in which the online social interaction of individuals and groups is targeted through marketing based on Internet behavioral tracking, and the use of the resulting data...

During the 2008-2009 financial crisis, firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth,...

This paper studies the event history of business foundation. Three theoretical concepts of human, financial and social capital are linked to investigate variations over time of people's decision processes to become self-employed. Data from a cohort of Dutch inhabitants born in 1939/1940 who have...

Organization theorists identify organizational social capital as one of the primary building blocks of a potentially powerful resource for improving organizational performance. However, little is known about the impact of the socio-emotional skills of the employees within their social capital...

Creativity is changing the way cities approach economic development and formulate policy. Creative metropolises base their economic development strategies, at least partly, on building communities attractive to the creative class worker. While there are countless examples of high-tech regions...

Trust, trustworthiness and ethical norms of reciprocity and cooperation have been receiving more and more attention in economic analysis. In particular, two concepts have been widely used in order to study the socio-economic effects of these factors: the concept of social capital (hereafter also...

In this paper we analyze the impact of social responsibility on corporate sustainable value via the strategic role of corporate social capital in a transitional context. Using survey data of Chinese companies, we empirically examine the theoretical relationship. We find that corporate social...