The power of clans: How social capital sheltered firms during the COVID-19 pandemic

被引：2
|
作者：
Liu, Linqing [1 ]
Yang, Lisi [1 ]
Yan, Kai [2 ,3 ,4 ]
机构：
[1] Wuhan Univ, Econ & Management Sch, Wuhan 430072, Peoples R China
[2] Nanchang Univ, Sch Tourism, Nanchang 330031, Peoples R China
[3] Nanchang Univ, Sch Management, Nanchang 330031, Peoples R China
[4] Nanchang Univ, 999 Xuefu Rd, Nanchang 330031, Jiangxi, Peoples R China
来源：
ECONOMICS LETTERS | 2023年 / 229卷
关键词：
Social capital; Resilience; Family clans; Social distancing; COVID-19;
D O I：
10.1016/j.econlet.2023.111224
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Data from 3,555 Chinese listed firms show that firms in cities with greater clan strength faced smaller losses and swifter recovery following COVID-19. Clans were significantly related to individual values facilitating pandemic prevention; these ties guaranteed economic activities and sheltered firms from the shock. Our results frame social capital as a complementarity to formal institutions during crises.& COPY; 2023 Elsevier B.V. All rights reserved.
引用
收藏
页数：5
相关论文
共 50 条
  • [31] The times they are a-changin': how venture capital firms change their investment practices under the COVID-19 pandemic
    Ambrois, Matteo
    Buttice, Vincenzo
    Croce, Annalisa
    Grilli, Luca
    Ughetto, Elisa
    SMALL BUSINESS ECONOMICS, 2025,
  • [32] Social Responsibilities in COVID-19: Pandemic
    Wanjari, Mayur B.
    Mendhe, Deeplata
    Wankhede, Pratibha
    Alwadkar, Sagar
    JOURNAL OF PHARMACEUTICAL RESEARCH INTERNATIONAL, 2021, 33 (46A) : 149 - 153
  • [33] Does social capital contribute to prevention and control of the COVID-19 pandemic? Empirical evidence from China
    Liu, Qi
    Wen, Simei
    INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION, 2021, 64
  • [34] Neighborly help and neighborhood-based social capital during the COVID-19 pandemic in major Chinese cities
    Terbeck, Fabian
    He, Shenjing
    Cai, Rong
    JOURNAL OF HOUSING AND THE BUILT ENVIRONMENT, 2023, 40 (2) : 555 - 575
  • [35] The impact of capital on bank profitability during the COVID-19 pandemic
    Alkhazali, Osamah
    Helmi, Mohamad Husam
    Mirzaei, Ali
    Saad, Mohsen
    GLOBAL FINANCE JOURNAL, 2024, 62
  • [36] INNOVATION POTENTIAL OF SOCIAL CAPITAL IN TOURISM DURING THE EPIDEMIC OF COVID-19
    Colaric-Jakse, Lea-Marija
    PHAINOMENA, 2021, 30 (116): : 215 - 236
  • [37] Asocial capital: Civic culture and social distancing during COVID-19
    Durante, Ruben
    Guiso, Luigi
    Gulino, Giorgio
    JOURNAL OF PUBLIC ECONOMICS, 2021, 194
  • [38] Sustaining social capital online amidst social distancing during the COVID-19 pandemic: Web-based communities, their mitigating effects, and associated issues
    Beldad A.D.
    International Journal of Web Based Communities, 2021, 17 (01) : 35 - 52
  • [39] How resilient are Islamic financial markets during the COVID-19 pandemic?
    Hasan, Md. Bokhtiar
    Rashid, Md. Mamunur
    Shafiullah, Muhammad
    Sarker, Tapan
    PACIFIC-BASIN FINANCE JOURNAL, 2022, 74
  • [40] Mothers, Household Bubbles, and Social Support During the First Wave of the COVID-19 Pandemic
    Humble, Aine M.
    McIsaac, Jessie-Lee D.
    JOURNAL OF COMPARATIVE FAMILY STUDIES, 2024, 54 (03) : 256 - 282
12345