Does Social Capital Help Organisations Get Through Unsettled Times? The Case of the Russian Manufacturing Enterprises
We focus on both bright and dark sides of the organisational social capital of the Russian manufacturing enterprises and its influence on their economic trajectories during the unsettled times after 2007. The analysis is based on a sociological survey of 300 CEOs and 1500 employees of 300 companies and statistics on their economic performance in 2001–2014. Among the characteristics of social capital only trust for CEO influences the survival of companies during crisis whereas other characteristics do not. The relation between enterprises' social capital and their economic performance after 2008 is counterintuitive: those with high trust and rather low cooperation between managers and employees are more likely to have significant average annual sales growth. Based on a “neorealist approach” seeking an explanation beyond the company level we discuss these results amidst a systemic trait of the Russian economy.