Relative Social Capital and Entrepreneurial Firms' IPO Performance in an Emerging Market

2017 ◽  
Vol 2017 (1) ◽  
pp. 17114
Author(s):  
Junwei Shi ◽  
Haiyan Fu
Keyword(s):  
Social Capital ◽  
Emerging Market ◽  
Entrepreneurial Firms ◽  
Ipo Performance

Effect of social capital on agribusiness diversification intention in the emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Le Dang Lang ◽  
Abhishek Behl ◽  
Nguyen Trung Dong ◽  
Yama Temouri ◽  
Nguyen Hong Thu
Keyword(s):  
Social Capital ◽  
Global Economy ◽  
Structural Equation ◽  
Emerging Market ◽  
Measurement Scale ◽  
Equation Modeling ◽  
Group Discussions ◽  
Content Type ◽  
Depth Interviews

PurposeCoronavirus disease 2019 (COVID-19) has seriously affected the global economy. How agribusinessmen are overcoming this crisis is being noticed in emerging markets. Using social capital to diversify agribusiness for getting more customers is a useful solution for the growth of agribusiness. However, there is a lack of evidence on the aggregate measurement scale of social capital and the influence of behavioral goals on the intention toward agribusiness diversification. Therefore, this study aims to develop an integrated measurement of social capital and investigate its effect on agribusiness diversification intention using the expanded theory of planned behavior (TPB).Design/methodology/approachA mixed-methods approach is used, including four in-depth interviews, three focus group discussions and two surveys. Structural equation modeling is applied to a sample of 484 respondents to test the proposed hypotheses.FindingsThe study shows the role of social capital in influencing the intention to diversify agribusiness under the premises of the resource-based view (RBV). The scale of social capital is also developed, which is the first integrated measurement of this asset. The findings contribute significantly to the existing knowledge of social capital, the TPB and diversifying agribusiness.Originality/valueThis is the first study to explore the comprehensive effect of the facets of social capital on behavioral intention through behavioral goals and determinants of the TPB under the premises of the RBV. The findings will help emerging economies, for example, Vietnam, where most farmers are family business owners or microscaled entrepreneurs in agriculture.

scholarly journals Venture Capital Investment and the Post-IPO Performance of Entrepreneurial Firms: Evidence from the People's Republic of China

2015 ◽  
Vol 32 (1) ◽  
pp. 113-141 ◽  
Author(s):  
Di Guo ◽  
Kun Jiang ◽  
Xiaoting Mai
Keyword(s):  
Venture Capital ◽  
Initial Public Offering ◽  
Capital Investment ◽  
Panel Data Analysis ◽  
People’S Republic Of China ◽  
Entrepreneurial Firms ◽  
People's Republic Of China ◽  
Firm Level ◽  
Republic Of China ◽  
Ipo Performance

We examine the effects of venture capital (VC) investment on the performance (measured by return on assets, return on equity, and Tobin's Q) and growth (measured by growth of total sales and total number of employees) of entrepreneurial firms in the People's Republic of China (PRC) after an initial public offering (IPO). Firm-level panel data analysis shows that VC investment contributes to the long-term performance and growth of entrepreneurial firms after an IPO. Meanwhile, we observe a significant and positive relationship between corporate governance of firms and VC investment. However, we do not find that experience or specialization of VC firms influences the effects of venture investment on post-IPO performance or growth of entrepreneurial firms in the PRC.

The distinct signaling effects of R&D subsidy and non-R&D subsidy on IPO performance of IT entrepreneurial firms in China

2018 ◽  
Vol 47 (1) ◽  
pp. 108-120 ◽  
Author(s):  
Jin Chen ◽  
Cheng Suang Heng ◽  
Bernard C.Y. Tan ◽  
Zhijie Lin
Keyword(s):  
Entrepreneurial Firms ◽  
Ipo Performance

scholarly journals Family social capital and governance of family businesses: The emerging market evidence

2022 ◽  
Vol 5 (2, special issue) ◽  
pp. 225-232
Author(s):  
Nada Moufdi ◽  
Ali Mansouri
Keyword(s):  
Social Capital ◽  
Cultural Context ◽  
Family Firms ◽  
Emerging Market ◽  
Family Businesses ◽  
Three Dimensions ◽  
Governance Mechanisms ◽  
Governance System ◽  
Family Social Capital ◽  
The Family

Considered as the most dominant business form in the entrepreneurial fabric in Morocco, as in the majority of countries in the world (Salhi, 2017), the family business is distinguished by a family social capital (FSC) making it competitive and perennial (Mesfar & Ben Kahla, 2018). This paper aims to analyze the influence of this capital, through its three dimensions — structural, relational, and cognitive — on the governance system of Moroccan family firms. The results of our exploratory study conducted among 30 family businesses in the form of interviews showed, on the one hand, that the existence of a strong FSC within the company makes its governance system based on informal family mechanisms. On the other hand, the weakness of the said capital has not led the companies that are the subject of our study to adopt formal corporate governance mechanisms as shared by several researchers. This is due, according to the interviewees, to socio-cultural considerations. Our results contribute to the enrichment of the literature while showing that the informality of governance mechanisms can be explained, not only by the strength of its FSC but also by such a socio-cultural context where the family model is of a communal and clan type welded by Islamic religious values of group cohesion

SMEs and social capital: exploring the Brazilian context

2016 ◽  
Vol 28 (1) ◽  
pp. 2-20 ◽  
Author(s):  
Ruth Clarke ◽  
Ramdas Chandra ◽  
Marcilio Machado
Keyword(s):  
Social Capital ◽  
Firm Growth ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
Content Type ◽  
Validated Questionnaire ◽  
Low Levels ◽  
And Performance ◽  
Stone Industry

Purpose – This study aims to explore the extent to which social capital plays a role in firm development, internationalization and growth, in the context of an emerging market, Brazil. The study aims to provide a new context and perspective on the role social capital plays in fostering growth and internationalization among small and medium enterprises (SMEs) in an emerging market. Design/methodology/approach – This is an exploratory study. First, empirical data are drawn from a commodity industry, the Brazilian Stone industry, which is a competitive, well-established sector in the country. Using a previously validated questionnaire from the World Bank, the extent of social capital possessed and used by the firms in this industry is correlated to their growth and performance. Based on the exploratory results, a set of research propositions are developed that point the way to questions that are important and interesting to further understand the role of social capital in this context. Findings – The results point to fairly low levels of social capital among Brazilian SMEs in this sector and relatively low levels of awareness of the potential opportunities to exploit social capital to further development and internationalization. Research limitations/implications – Social capital matters for firm growth and performance, but the extent of development of social capital in this context is fairly low. The limitations include the sample size and the homogeneity of the sample, which restricts generalizability. Practical implications – Building and exploiting social capital is a void that currently exists in the commodity sector in Brazil. Developing this can lead to more positive firm performance and growth, especially as the institutional context in Brazil continues to develop. Originality/value – The paper offers a unique context, as well as a new perspective on the role of firm social capital, by using an emerging market and a commodity industry that has been rarely studied in the literature.

Sign in / Sign up

Export Citation Format

Share Document