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.
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页数：5
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