“…Putnam (1995), Guiso et al (2004) and Ben-Hador et al (2021) state that social capital is the combination of trust, norms and connections, and facilitates cooperation between stakeholders for achieving mutual commercial objectives. Studies suggest that social capital is an essential antecedent for getting access to both financial and nonfinancial resources, including finance, skilled labor and information (Nahapiet and Ghoshal, 1998), creating start-up companies (Walker et al, 1997), strengthening supplier relations (Uzzi, 1997), accessing lines of credit (Honig, 1998), building interfirm partnerships (BarNir and Smith, 2002), reducing the cost of social transactions (Lederman et al, 2002), getting business consultancy (Zhou et al, 2007), achieving financial growth (Guiso et al, 2004), developing new ideas for making innovative products (Gerke et al, 2021), accessing external financing (Javakhadze et al, 2016) and enhancing organizational performance (Syakir et al, 2021). Given the recent spur in the literature that specifically examines social capital's impact on diversified social and economic outcomes, studies have largely ignored to examine its role in improving overall corporate performance (Brink, 2011;Akintimehin et al, 2019).…”