Research on the Relationship of Corporate Social Capital, Core Competitiveness and Firm Growth
|School||Xi'an University of Technology|
|Keywords||Corporate Social Capital Core Competitiveness Firm Growth|
At present, the study of an enterprise’s growth from their own view of social capital is rare in the theoretical area, and it is also a lack of empirical testing which attracts scholars has undertaken extensive research on this and other issues related to business growth. Taking an overview of existing research, we can see that despite the existence of social capital theory explaining the application of growth theory and empirical research, but integrating social capital, core competitiveness and business growth into an integrated model at the same time is not common.Based on this consideration, the paper established a framework of social capital, the core competitiveness analysis and business growth, taking enterprise as example, combined with the major dimensions of social capital, along the logical thinking "corporate social capital, core competitiveness and business growth," social capital of the enterprise core competitiveness through the intermediary transmission mechanism of the growth of an enterprise arising from the indirect effects and mechanism of the theoretical and empirical research in an attempt to reveal a more profound social capital, core competitiveness and business growth relationship and its mechanism.In this paper, we study the effect of social capital to core competitiveness and business growth. We also research whether core competitiveness has a mediate effect on the relationship between social capital, and business growth.After doing a two-stage study,small sample study and large sample study,and testing the reliability and the validity of the variables used in this paper,a structural equation model about social capital, and core competitiveness and business growth is established and analyzed. It is found out that, social capital have positive impact on core competitiveness; core competitiveness has positive impact on business growth; Social capital has positive impact on business growth.Taking enterprises as the research object, through the establishment of structural equation model for authentication, reaching the conclusion:the social capital has significant positive effects on the core competitiveness; the core competitiveness of enterprises has a significant positive effect on the business growth; social capital has a significant positive impact on business growth. Build and verify that the social capital through the core competitiveness of the intermediary conduction indirect impact on the performance of the complete cooperation intermediary model. The result of the study can be used to provide some direction and reference for enterprises.