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Social tie, social capital, and social behavior: Toward an integrative model of informal exchange

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  • Peter Li

Abstract

What is the unique nature of social capital that differentiates itself from other forms of capital? How should we conceptualize and operationalize social capital? What are the major drivers and outcomes of social capital? To address the three questions, I apply the duality lens—the perspective of regarding each entity as a paradox consisting of two contrasting yet interdependent components—to social capital for an integrative model of informal exchange. The focus of this paper is on the duality relationship between the content variables (social tie, social capital, social behavior along two basic dimensions: trust for tie strength and option for network structure) and the process variables (antecedent, content, process, and consequence) toward a geocentric framework of formal–informal exchange. I intend to make two contributions. First, the conceptualization and operationalization of social capital is developed from the duality lens of formal–informal exchange so as to identify the unique nature of social capital as an informal entity. Second, a holistic, dynamic, and dialectic model of social capital is provided to explore the causal links between various elements related to social capital. Copyright Springer Science+Business Media, LLC 2007

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  • Peter Li, 2007. "Social tie, social capital, and social behavior: Toward an integrative model of informal exchange," Asia Pacific Journal of Management, Springer, vol. 24(2), pages 227-246, June.
    • Handle: RePEc:kap:asiapa:v:24:y:2007:i:2:p:227-246
    DOI: 10.1007/s10490-006-9031-2
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    2. Keck Markus & Bohle Hans-Georg & Zingel Wolfgang-Peter, 2012. "Dealing with insecurity: Informal business relations and risk governance among food wholesalers in Dhaka, Bangladesh," ZFW – Advances in Economic Geography, De Gruyter, vol. 56(1-2), pages 43-57, October.
    3. Horak, Sven & Yang, Inju, 2016. "Affective networks, informal ties, and the limits of expatriate effectiveness," International Business Review, Elsevier, vol. 25(5), pages 1030-1042.
    4. Stanislaw Walukiewicz & Aneta Wiktorzak, 2011. "Social Capital in Education," ERSA conference papers ersa10p632, European Regional Science Association.
    5. Jalees, Tariq & Tariq, Huma & Zaman, Syed Imran & Alam Kazmi, Syed Hasnain, 2015. "Social Media in Virtual Marketing," MPRA Paper 69868, University Library of Munich, Germany, revised 10 Apr 2015.
    6. Lin Zhang & Xiaojun Zhang & Youmin Xi, 2017. "The sociality of resources: Understanding organizational competitive advantage from a social perspective," Asia Pacific Journal of Management, Springer, vol. 34(3), pages 619-648, September.
    7. Mary Teagarden & Andreas Schotter, 2013. "Favor prevalence in emerging markets: A multi-level analysis," Asia Pacific Journal of Management, Springer, vol. 30(2), pages 447-460, June.
    8. Roxana Gutiérrez-Romero, 2012. "Determinants of Spanish Firms' Life Cycle and Job Creation: A Pseudo-Panel Approach," Working Papers wpdea1209, Department of Applied Economics at Universitat Autonoma of Barcelona.
    9. Hom, Peter W. & Xiao, Zhixing, 2011. "Embedding social networks: How guanxi ties reinforce Chinese employees’ retention," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 188-202.
    10. Schiller Daniel, 2012. "Editorial. Informal dynamics of economic processes: Remarks on the potential of the informality concept," ZFW – Advances in Economic Geography, De Gruyter, vol. 56(1-2), pages 1-8, October.
    11. Yina Mao & Kelly Peng & Chi-Sum Wong, 2012. "Indigenous research on Asia: In search of the emic components of guanxi," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 1143-1168, December.
    12. Stanislaw Walukiewicz, 2011. "Measuring Social Capital and Proximimty," ERSA conference papers ersa10p309, European Regional Science Association.
    13. Chai, Shijun & Chen, Yang & Huang, Bihong & Ye, Dezhu, 2016. "Social networks and informal financial inclusion," RIEI Working Papers 2016-04, Xi'an Jiaotong-Liverpool University, Research Institute for Economic Integration.
    14. Peter Ping Li & Tomoki Sekiguchi & Kevin Zhou, 2016. "The emerging research on indigenous management in Asia," Asia Pacific Journal of Management, Springer, vol. 33(3), pages 583-594, September.
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