The impact of trust on social and financial capital acquisition: A resource integration perspective in minority-owned entrepreneurial organisations
研究少数族裔创业者对其他种族的信任程度如何影响其社会资本和金融资本获取，进而影响企业绩效。基于276名非裔美国创业者的样本，发现不信任会减少外部社会资本和向银行借款意愿，也意外地减少了内部社会资本和向朋友借款意愿。
Although effective resource integration is a critical requisite for entrepreneurial success, the literature suggests there are crucial gaps for minority entrepreneurs. We examine how interracial distrust (ID), an indicator of the extent to which minority entrepreneurs distrust other races, is related to internal and social capital. We examine the relationships of such capitals on the willingness to borrow from banks and friends, and explore the link with firm performance. Using a sample of 276 primarily African American entrepreneurs, we find support for most of our hypotheses. We find that ID is negatively associated with external social capital and a willingness to borrow from banks. Surprisingly, we found that ID had a negative effect on internal social capital and a willingness to borrow from friends. We also found that internal and external social capital was positively related to firm performance. We discuss the implications of some of these surprising research findings as well as the policy implications.