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The role of social capital in today's economy: Empirical evidence and proposal of a new model of intellectual capital

Eduardo Bueno (Universidad Autónoma de Madrid, and Knowledge Society Research Center (CIC), Universidad Autónoma de Madrid, Madrid, Spain)
Marí Paz Salmador (Universidad Autónoma de Madrid, and Knowledge Society Research Center (CIC), Universidad Autónoma de Madrid, Madrid, Spain)
Óscar Rodríguez (Knowledge Society Research Center (CIC), Universidad Autónoma de Madrid, Madrid, Spain)

Journal of Intellectual Capital

ISSN: 1469-1930

Article publication date: 1 December 2004

Abstract

The rapid and well‐known evolution – considered by many observers to be revolutionary – from industrial society to knowledge society, defined by the importance of knowledge creation processes, is showing the relevance of the social capital of organizations. This study seeks to contribute to the development of this new concept. First, presents the theoretical background of social capital. Second, based on an intellectual capital approach, tests the situation of social capital in some Spanish companies, with a reference to the international landscape. The findings of the research support the convenience of the development of an integral framework for the management of intangibles that create future benefits, considering the relations with several social agents. Concludes by proposing a model of intellectual capital that expressly includes social capital.

Keywords

Citation

Bueno, E., Paz Salmador, M. and Rodríguez, Ó. (2004), "The role of social capital in today's economy: Empirical evidence and proposal of a new model of intellectual capital", Journal of Intellectual Capital, Vol. 5 No. 4, pp. 556-574. https://doi.org/10.1108/14691930410567013

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited