The Research On The Relationship Between Corporate Social Capital And Corporate Performance

John. Donne said a word" no man is an isolated island; everyone is a smallpiece of land, is the part of the continent". This word is also applied to enterprises, nocorporate can exist in isolation, each corporate is a part of the organization. Socialcapital is the important element to bring up excellent company.Enterprise academiccircles about the corporate social capital research in the western have existed morethan half a century, the domestic research also has more than10years from90thof lastcentury.With the world economic integration and our country join WTO formally aswell as enterprise knowledge denseness degree unceasing enhancement, to win thecompetitive advantage, the key resources of corporate from the traditional tangibleresources quickly to the network, capacity,trust, patents and other intangible resourcesextension, in recent years the relevant domestic corporate social capital researchcontinued warming. The number of research papers about corporate socail capitalsurge quickly, and the enterprises in the management practice in the field of socialcapital of enterprise is undertaking active exploration.Through the understanding of scholars at home and abroad of corporate socialcapital theory, we can have a preliminary understanding about corporate social capital.Based on knowledge, we definede corporate social capital from two dimensions of thesocial trust and corporate network. Then this paper analyzed about corporate socialcapital and business performance, and the analysis of enterprise social capital isbeneficial to the long-term development of enterprises, help enterprises improveperformance results. On the basis of this, this article choose1078listed companies ofstock exchange in shenzhen as samples,using statistical analysis software SPASS17.0,using regression analysis and correlation analysis of enterprise social capital impacton corporate performance, at the same time, put forward related hypothesis.It should be noted that, the previous empirical studies are almost adoptquestionnaire investigation to obtain the required data, and the research objects aremostly small and medium-sized enterprises and private enterprises, there is little usedin financial indicators to measure social capital of enterprises and listed companies oncorporate performance and corporate social capital analysis. And enterpriseperformance and enterprise social capital have lots of objections, selection ofvariables is numerous, choose different variables drawn from empirical analysis results have different meanings.Considering China’s actual situation of listedcompanies, thus in the corporate performance variable focus on financial performanceand market performance, determines the choice of net assets income rate and Tobin’sQ value as a measure of corporate performance indicators; in the selection ofcorporate social capital indicators, this paper uses eight indicators to measure socialcapital of corporates social trust and corporate network.The results show that thecorporate social capital has significant positive influence on corporate performance.