THE SOCIAL CAPITAL FOUNDATIONS OF TRUST IN GLOBAL AGRI-FOOD SYSTEM TRANSACTIONS

The concept of social capital is defined as a third process (along with individual incentives and authority relationships) for assuring transaction cost efficiency. Social capital is especially relevant to international transactions because cultural differences, large distances, and limited international institutional scope lessen the effectiveness of incentives and authority relationships while social capital can be built within the context of specific international transactions. Methods for building social capital in international settings are explored. A research agenda is articulated as well as a list of managerial implications for using social capital in an international context.


Subject(s):
Issue Date:
1999
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/11490
Total Pages:
13
Series Statement:
Staff Paper 99-19




 Record created 2017-04-01, last modified 2017-08-23

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