Microfoundations of collaborative networks: The impact of social capital formation and learning on investment risk assessment

2020 ◽  
Vol 161 ◽  
pp. 120295
Author(s):  
Waymond Rodgers ◽  
William Y. Degbey ◽  
Thomas J. Housel ◽  
Ahmad Arslan
2017 ◽  
Vol 4 (4) ◽  
pp. 567-584 ◽  
Author(s):  
Kiara Douds ◽  
Jie Wu

The key role that generalized trust plays in social capital formation is well documented, but its determinants are not well understood. Many studies suggest that racially and ethnically diverse areas have lower generalized trust than more homogeneous areas, but evidence regarding the impact of the spatial arrangement of racial and ethnic groups is not conclusive. Further, while scholars theorize that discrimination may play a role in racial trust gaps, no study has empirically supported this linkage. We examine the impact of racial residential segregation and perceived discrimination on generalized trust in two highly diverse Texas counties using data from the 2014 Kinder Houston Area Survey. Results indicate that perceived racial discrimination negatively impacts trust and may mediate the black-white trust gap, whereas racial segregation is positively associated with trust. Additionally, having an interracial friendship, one form of bridging ties, moderates the segregation-trust relationship such that, up to a certain level of segregation, having an interracial friendship increases one’s likelihood of trusting others. Together, these results provide insight into processes that generate or sustain the general trust that makes social capital formation possible and point to the continuing importance of race in shaping experiences and outcomes in modern American society.


2021 ◽  
Vol 14 (2) ◽  
pp. 78
Author(s):  
Tetiana Zholonko ◽  
Olesia Grebinchuk ◽  
Maryna Bielikova ◽  
Yurii Kulynych ◽  
Olena Oviechkina

Methodological approaches to investing in companies and reducing the negative impact of risks that are formed at the macro and micro levels are considered in the article. The algorithm for expressing investment risks through related risks and conducting an investment risk assessment as a group process is defined. It has been determined that the defining features of investment risks are the environment, duration, and scope of the project, risk position, profile, risk appetite, consequences, capacity, and results of the impact on the investment project. An investment risk accounting system is formed, which is represented by a set of organized structural elements that perform functions related to planning and implementation of a set of measures that identify, assess, monitor, and control risks to minimize negative consequences and enhance opportunities. A method of forming a real portfolio of investment projects considering the dynamic risk factor has been developed.


2019 ◽  
Vol 11 (4) ◽  
pp. 704-718
Author(s):  
Fang Xiong ◽  
Jia Lu You

Purpose The purpose of this paper is to investigate the impact paths of the social capital and the effects of microfinance in rural China, and address effective methods to enhance the effects of microfinance for rural China. Design/methodology/approach Using a structural equation model with survey data from 350 rural households in China, this paper analyzes empirically whether greater level of social sanctions and social relations caused more tangible effects of microfinance, and whether tangible effects of microfinance are associated with social capital formation of households. Findings The results indicate that social capital promotes the effects of microfinance and the process of providing microfinance service is also the process of building social capital. Moreover, social sanctions diminish the effects of microfinance while social relations boost them and enhance the effects of microfinance that can encourage social capital formation. Results also show that a reverse causal relationship exists between social sanctions and social relations. Research limitations/implications The empirical results imply that actively utilizing and creating social capital is vital to improve the effects of microfinance, and microfinance institutions (MFIs) should concentrate more on harmonious social relations and deliberately build social capital. Practical implications These findings imply that actively utilizing and creating social capital is vital to improve the effects of microfinance, and the MFIs should concentrate more on harmonious social relations and deliberately build social capital to enhance the effects of microfinance while prudently use social sanctions. Social implications Enhancing the effects of microfinance, while prudently using social sanctions, increases households income. Originality/value This paper originates to investigate the links between the social capital and the effects of microfinance in a mutual way, and the results urge more attentions on the harmonious social relations which have been ignored to enhance the effects of microfinance.


2020 ◽  
Vol 12 (5) ◽  
pp. 1969 ◽  
Author(s):  
Jeakang Heo ◽  
Yongjune Kim ◽  
Jinzhe Yan

Live streamers’ power and attraction influence consumer behavior. This study focuses on streamer-central formed social capital and the relationship between streamers and audiences on live streaming video platforms (LSVP). First, we explored the impact of trust, norm of reciprocity, and network on social capital formation. Second, we investigated the effect of social capital on streamers’ attributes (attractiveness, expertise, and trustworthiness) and on the audience’s social capital formation. The main findings show that trust and network positively affect social capital. Social capital increases the level of streamers’ attractiveness, expertise, and trustworthiness perceived by the audience, which facilitates sustainable development of the LSVP and the streamer. Perceived streamers’ attractiveness negatively affects social capital formation, while perceived expertise positively affects it. To promote social capital development, streamers and operators of LSVPs should continuously emphasize social capital formation. Moreover, LSVPs should provide audiences with novel and interesting content to enable active networking. For sustainable development of LSVPs, when providing live streaming video services, streamers should deliver content that the audience perceives as based on their expertise rather than on their physical attractiveness.


2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Longbo Du ◽  
Jing Gao

In order to effectively analyze the risk-return decision-making model of PPP project by Yuan et al., (2020) this paper, based on the fuzzy Borda method and synergy effect theory, considers the synergistic effect of PPP project, constructs the model of investment risk sharing, incentive, and supervision punishment, and determines the investment risk sharing, incentive, and PPP project investment. This paper also aims to supervise and punish the decision-making mechanism to achieve the goals of the PPP project. The research results show that the increased synergy of project participants not only reduces the impact of investment risk on project revenue but also promotes project participants to increase their willingness to undertake risks, actively undertake project risks, and achieve synergy effects of PPP projects. Through the cooperation of both parties, the total income of PPP projects is increased. The research results show that the government chooses social capital participants with complementary advantages to form synergy as shown by Jiang et al. (2016); with the increase of synergy, the government needs to increase the incentive intensity, improve the performance behavior of social capital participants as proposed by Junlong et al. (2020), curb their speculation, and promote the two sides. Due to the increased synergy and the willingness of social capital participants to increase cooperation and reduce speculation, the government should reduce the intensity of supervision and punishment.


2021 ◽  
Vol 44 (2) ◽  
pp. 49-60
Author(s):  
Justinas Staliūnas ◽  
Andrius Stasiukynas ◽  
Aušra Šukvietienė

The level of social capital in society is one of the most important elements for the success of state development, which is increasingly emphasized on political agendas. In research, social capital covers a wide range of areas due to the interdisciplinarity of social capital. Still, the dominant components stand out: trust in society, trust in public authorities, involvement in civic activities. While trust in public authorities and trust in other members of society are more often used in research and heard in the media, civic activities often lack such interest. However, it is one of the most effective ways for government decisions to invest most effectively in improving social capital in society. The primary tool for the state to increase public involvement in civic activities is the promotion of voluntary activities, which contributes to the state’s sustainable development, and the creation of the welfare state is enshrined in international documents. With this article, the authors seek to examine the peculiarities of Lithuanian volunteering in the context of social capital formation. The aim is to: 1) examine the theoretical assumptions of the impact of volunteering on the formation of social capital; 2) study the expression of social capital and voluntary activity in the context of state performance evaluation indicators; 3) carry out empirical research (expert interview) examining the peculiarities of volunteering in Lithuania. It should be noted that some of the results of the empirical research were used in the report of the applied research “Development of Youth Volunteering in Lithuania” (prepared by the Lithuanian Council of Youth Organizations (LiJOT) project “Strengthening the Participation of the Lithuanian Council of Youth Organizations in Public Management Decision Making”). The development of volunteering and the improvement of social capital indicators are named Lithuania’s long-term strategic goals, but the indicators in international indices are low compared to other countries.The analysis of the results of the empirical research allows us to state that: 1) In Lithuania, volunteering is often treated in various ways, e.g., in connection with unpaid work or other activities which are not, in principle, activities carried out of the person’s own free will; outstanding long-term and short-term volunteering (up to 6 months); 2) organizers of voluntary activities (usually non-governmental non-profit organizations (NGOs)) lack managerial skills; 3) In recent years, Lithuania has started to develop long-term volunteering programs, which are associated with better social capital formation, and it is expected that this measure will help to improve the quality and indicators of volunteering, especially among young people.


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