Confined to a 2003 survey of 830 enterprises from Jiangmen, Zhongshan, and Fuoshan in the Pearl River Delta of Guangdong province, China, this research empirically answered the questions of how corporate social capital determined business performance and whether the current corporate social capital was affected by its initial conditions. In this research, the corporate social capital is considered as having two components: personal meditated corporate social capital and “impersonal” corporate social capital. The results show that an enterprise’s corporate social capitals are conveyed by different media coexist and correlated. They affect business performance jointly. This research also included the entrepreneurs’ human capital into models and the results suggested that the human capital...[ Read more ]

Confined to a 2003 survey of 830 enterprises from Jiangmen, Zhongshan, and Fuoshan in the Pearl River Delta of Guangdong province, China, this research empirically answered the questions of how corporate social capital determined business performance and whether the current corporate social capital was affected by its initial conditions. In this research, the corporate social capital is considered as having two components: personal meditated corporate social capital and “impersonal” corporate social capital. The results show that an enterprise’s corporate social capitals are conveyed by different media coexist and correlated. They affect business performance jointly. This research also included the entrepreneurs’ human capital into models and the results suggested that the human capital is not a direct effect to the business performance and it can only take effects after being transformed into personal-mediated corporate social capital, which is internalized as institutionalized social capital. The human capital of entrepreneurs can then be seen as capitals waiting to be invested into the accruing corporate social capital pool.

Key words: Corporate Social Capital, Entrepreneurs’ Human Capital, Enterprise Business Performance, Analysis Levels of Corporate Social Capital, SEM