How does the localized, relational social capital affect the survival of firms over financial crisis? - Comparison of the construction industries from Spanish and Japanese local regions.
: Sone Hidekazu, Tous Dolores, Bermudez Guillermo, Sasaki Innan
: Academy of Japanese Business Studies
: United States
: 2014
The Association of Japanese Business Studies, Conference proceedings
: THE ASSOCIATION OF JAPANESE BUSINESS STUDIES 27th Annual Conference Proceedings June 21 - 22, 2014 - Westin Bayshore, Vancouver
The purpose of this study is to construct a theoretical framework that explains firm’s survival over
environmental turbulence. More specifically, we investigate how the relational aspect of localized social
capital affects firm’s survival over environmental turbulence. The emergent theoretical framework is
constructed based on the ancient Japanese Shinise logic and Western social capital theory, with an
emphasis on its relational dimension and locality. Several theoretical implications and future empirical
research suggestion in the context of financial crisis in the Spanish construction sector is proposed.