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 LEUNG

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

74 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 - 1 Dec 2005

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Small and medium-sized enterprises
Social capital
Managerial values
China
Firm performance
Economics
Economic reform
Structural equation modeling
Bid
Momentum
Hypothesis test
Competitiveness
Rural China
Modeling method

Keywords

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

Cite this

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title = "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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Does a micro-macro link exist between managerial value of reciprocity, social capital and firm performance? The case of SMEs in China. / WU, Wei Ping; LEUNG, Alicia.

In: Asia Pacific Journal of Management, Vol. 22, No. 4, 01.12.2005, p. 445-463.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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AU - LEUNG, Alicia

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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).

KW - China

KW - Managerial value of reciprocity

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KW - Rural SMEs

KW - Social capital

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