Social Capital and Social Inequality: Corporate Networks in Germany and the United States (1896-1938)
23 Pages Posted: 24 Nov 2014
Date Written: November 23, 2014
Social capital is an unspecific resource that can improve the market opportunities of individuals and the chances of survival for organizations. In this historical study it will be shown that social capital was divided up among companies and managers during the early twentieth century very unequally. The comparative analyses concentrate on the distributional structure of social capital available to large corporations in the United States and Germany. A great deal of social capital could be accumulated especially by firms that were located in the metropolitan areas of New York and Berlin, had a relatively high number of bankers sitting on their boards of directors, and were among the largest existing enterprises.
Keywords: social capital, social inequality, corporate networks, regional inequality, Germany, United States
JEL Classification: N82, N84
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