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In search of social capital in state-activist capitalism: elite networks in France and Korea

Yoo, T. and Lee, Soo Hee (2009) In search of social capital in state-activist capitalism: elite networks in France and Korea. Organization Studies 30 (5), pp. 529-547. ISSN 0170-8406.

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Official URL: http://dx.doi.org/10.1177/0170840609104397

Abstract

This paper argues that the absence of high trust social capital has not prevented firms from performing well in economies with the dirigiste tradition. Despite low general trust, France and Korea have recorded sound growth rates and innovation performance, thus contradicting the central argument of social capital theory. Drawing on the dirigiste tradition, we suggest that elite networks of France and Korea are an idiosyncratic form of social capital, nurtured through their institutional arrangements such as low trust, concentrated power relations and state-run elite education. The elite networks enhance the coordination efficiency of economic relations through state activism, constituting an alternative to high trust social capital.

Item Type: Article
Keyword(s) / Subject(s): elite networks, France, institutional complementarities, Korea, social capital
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Management
Depositing User: Administrator
Date Deposited: 27 Jan 2011 16:44
Last Modified: 17 Apr 2013 12:18
URI: http://eprints.bbk.ac.uk/id/eprint/2057

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