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Social capital among corporate upper echelons and its impacts on executive promotion in Korea

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  • Kim, Yangmin
  • Cannella Jr., Albert A.

Abstract

Our study provides both theory and evidence about the effect of social capital possessed by individual managers of Korean corporations on their likelihood of promotion to the next hierarchical level. We argue that (1) executive social capital can be dimensionalized into internal and external components, and both components are positively associated with executive promotion and (2) the effects of social capital on promotion are moderated by several contextual factors. We tested our hypotheses with a sample of 4759 executives in 199 large Korean companies from 1990 through 1999. The results provide strong support for the predicted main effects, but limited support for the predicted moderation effects.

Suggested Citation

  • Kim, Yangmin & Cannella Jr., Albert A., 2008. "Social capital among corporate upper echelons and its impacts on executive promotion in Korea," Journal of World Business, Elsevier, vol. 43(1), pages 85-96, January.
    • Handle: RePEc:eee:worbus:v:43:y:2008:i:1:p:85-96
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    1. Richard A. D'Aveni & Idalene F. Kesner, 1993. "Top Managerial Prestige, Power and Tender Offer Response: A Study of Elite Social Networks and Target Firm Cooperation during Takeovers," Organization Science, INFORMS, vol. 4(2), pages 123-151, May.
    2. Chong Ju Choi & Carla C. J. M. Millar & Caroline Y. L. Wong, 2005. "Knowledge and Exchange," Palgrave Macmillan Books, in: Knowledge Entanglements, chapter 0, pages 65-76, Palgrave Macmillan.
    3. Deepak K. Datta & James P. Guthrie, 1994. "Executive succession: Organizational antecedents of ceo characteristics," Strategic Management Journal, Wiley Blackwell, vol. 15(7), pages 569-577, September.
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    Cited by:

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    3. Sun, Helin & Cappa, Francesco & Zhu, Jia & Peruffo, Enzo, 2023. "The effect of CEO social capital, CEO duality and state-ownership on corporate innovation," International Review of Financial Analysis, Elsevier, vol. 87(C).
    4. Young-Choon Kim & Taekjin Shin & Sangchan Park, 2021. "Enhancing firm performance through intra-group managerial experience: Evidence from group-affiliated firms in Korea," Asia Pacific Journal of Management, Springer, vol. 38(2), pages 435-465, June.
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    6. Hsiang-Lan Chen & Chiao-Yi Chang & Wen-Tsung Hsu, 2017. "Does Board Co-Working Experience Influence Directors’ Decisions Toward Internationalization?," Management International Review, Springer, vol. 57(1), pages 65-92, February.
    7. Sven Horak, 2018. "Join In or Opt Out? A Normative–Ethical Analysis of Affective Ties and Networks in South Korea," Journal of Business Ethics, Springer, vol. 149(1), pages 207-220, April.
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    10. Roberto Herrera Barriga & Diana Escandon‐Barbosa, 2024. "Synergizing board dynamics, sustainability, and strategy for international success," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3368-3378, July.
    11. Wang, Fangjun & Wang, Xuanzi & Li, Boying & Liu, Yang S., 2023. "Ownership structure and eco-innovation: Evidence from Chinese family firms," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    12. Valeriano Sanchez-Famoso & Jorge-Humberto Mejia-Morelos & Luis Cisneros, 2020. "New Insights into Non-Listed Family SMEs in Spain: Board Social Capital, Board Effectiveness, and Sustainable Performance," Sustainability, MDPI, vol. 12(3), pages 1-18, January.
    13. Wang, Jianxin & Huang, Cailing & Xu, Lin & Zhang, Junhuan, 2023. "Drinking into friends: Alcohol drinking culture and CEO social connections," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 982-995.

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