A SOCIAL CAPITAL MODEL OF HIGH-GROWTH VENTURES.
运用社会资本理论,研究了人力资本和社会资本如何影响企业在上市前积累金融资本,以及上市后两年的业绩表现。
We use social capital theory to explain how human and social capital affect a venture's ability to accumulate financial capital during its growth stages (before an initial public offering) and its performance during the two-year period after going public.Consistent with theory, data drawn from a sample of 275 ventures that went public indicate that social capital leverages the productivity of a venture's resource base and provides the venture with a durable source of competitive advantage.