Social capital theory is becoming more and more popular in the academic field in the West. Analogously to the popularity of social capital, research on guanxi has come to cover almost every aspect of China’s society. Some researchers have treated guanxi as a form of social capital. However, a systematic discussion about the two concepts has yet been seen.This paper aims to fill this deficiency by looking at what social capital and guanxi are respectively, the relationship between the two concepts, and the implications for research in social capital theory. It is argued that guanxi and social capital are two overlapped terms. Further, it is found that research on guanxi can contribute to social capital theory.
|Name||Manchester Metropolitan University Business School working paper series|
|Publisher||Manchester Metropolitan University|