In search of Social Capital in State-activist Capitalism: Elite Networks in France and Korea

Yoo, Taeyoung 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. (doi:https://doi.org/10.1177/0170840609104397) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

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
Uncontrolled keywords:	elite networks, France, institutional complementarities, Korea, social capital
Subjects:	H Social Sciences H Social Sciences > H Social Sciences (General)
Divisions:	Faculties > Social Sciences > Kent Business School Faculties > Social Sciences > Kent Business School > Industrial Relations/HRM
Depositing User:	Cathy Norman
Date Deposited:	24 Sep 2012 13:43 UTC
Last Modified:	28 May 2014 13:57 UTC
Resource URI:	https://kar.kent.ac.uk/id/eprint/30889 (The current URI for this page, for reference purposes)