Turning Social Capital Into Social Performance: Three Case Studies and a New Framework for Value Creation

Abstract

Sociologists, political scientists, and economists have described different dimensions and functions of social capital from their disciplinary perspectives, emphasizing the value and impact of social relationships, governance institutions, or efficient and reliable economic transactions, respectively. In this article, we propose to integrate all three perspectives and the research accumulated in those fields in a common, practical framework for effectively using social capital assets in producing value-adding social and organizational performance.