Title: Social Capital and Family Enterprise Development
Abstract: With the reform and open in China,the family enterprise rises rapidly, which can't be explained by Neo\|Classical economic theory, because the family enterprise lacks of material capital and human capital and without the support of technology during the founding stage, and even at that stage, its legitimacy is worthy of being suspected. In fact, economic growth depends not only on material capital and human capital, but also on social capital. The rise of the family enterprise in difficulties relies on its profound social capital. Meanwhile if social capital can't be improved with the development of economy, the social capital would move towards the contrary, hindering the growth of the family enterprise.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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