![](/images/graphics-bg.png)
The Complexity of Social Capital: The Influence of Board and Ownership Interlocks on Implied Cost of Capital in an Emerging Market
Joint Authors
Rossoni, Luciano
Aranha, Cezar Eduardo
Mendes-Da-Silva, Wesley
Source
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-02-14
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Starting from sociological perspectives on complexity, we show how the social capital of boards and owners networks affects the implied cost of capital of companies listed on Brazilian stock exchange.
We specifically show arguments and evidence that the effect of the relational resources found in the direct, indirect, and heterogeneous board’s ties reduces the cost of capital while relational resources embedded in shareholder networks increase the cost of capital.
Our results show that while the increase in the relational resources of the board reduces the implied cost of capital, an increase in these shared resources in the ownership relationships of the firm increases the cost of financial capital.
American Psychological Association (APA)
Rossoni, Luciano& Aranha, Cezar Eduardo& Mendes-Da-Silva, Wesley. 2018. The Complexity of Social Capital: The Influence of Board and Ownership Interlocks on Implied Cost of Capital in an Emerging Market. Complexity،Vol. 2018, no. 2018, pp.1-12.
https://search.emarefa.net/detail/BIM-1135021
Modern Language Association (MLA)
Rossoni, Luciano…[et al.]. The Complexity of Social Capital: The Influence of Board and Ownership Interlocks on Implied Cost of Capital in an Emerging Market. Complexity No. 2018 (2018), pp.1-12.
https://search.emarefa.net/detail/BIM-1135021
American Medical Association (AMA)
Rossoni, Luciano& Aranha, Cezar Eduardo& Mendes-Da-Silva, Wesley. The Complexity of Social Capital: The Influence of Board and Ownership Interlocks on Implied Cost of Capital in an Emerging Market. Complexity. 2018. Vol. 2018, no. 2018, pp.1-12.
https://search.emarefa.net/detail/BIM-1135021
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1135021