Key points are not available for this paper at this time.
We use social capital theory to explain how human and social capital affect a venture's ability to accumulate financial capital during its growth stages (before an initial public offering) and its performance during the two-year period after going public.Consistent with theory, data drawn from a sample of 275 ventures that went public indicate that social capital leverages the productivity of a venture's resource base and provides the venture with a durable source of competitive advantage.
Florín et al. (Sun,) studied this question.