- E-ISSN2233-5382
- KCI
E-ISSN : 2233-5382
The Effect of Social Capital on Creating Shared Value for Educational Companies
KIM, Seong-Gon
Abstract
Purpose: To examine the strength of social capital (SC) that are likely to affect Created share value (CSV) factors. This research aims to conduct a literature review to establish the components of SC and CSV identified within educational research and use factor analysis to identify how numerical values differ from the average and the amount of variance expressed in eigenvalue and factor score. Research design, data and methodology: To achieve the purpose of the study and provide adequate empirical results, we conducted the structural equation analysis using IBM AMOS 24.0 and collect online questionnaires from top practitioners, managers and non-managerial employees in Korean education firms, which will be used to conduct a factor analysis to assess SC's effect on CSV. Results: Final analysis of the path coefficient of the research model indicated that the SC values based on six have a significantly positive (+) effect on CSV values based on three categories (β=.35, p<.001). Therefore, the current research accepts the hypothesis in determining that SC can enhance the impact of CSV in educational companies. Conclusions: From the study, the practitioners of education companies should make more efforts to find action plans to create corporate social responsibility and shared value, which are required throughout society.
- keywords
- Creating Social Value, Sustainable Social Capital, Educational Firm
Reference
Acar, E. (2011). Effects of social capital on academic success:A narrative synthesis. Educational Research and Reviews, 6(6), 456-461.
Bhandari, H., & Yasunobu, K. (2009). What is social capital? A comprehensive review of the concept. Asian Journal of Social Science, 37(3), 480-510.
Blakely, T., & Ivory, V. (2006). Commentary: bonding, bridging, and linking—but still not much going on. International Journal of Epidemiology, 35(3), 614-615.
Caputo, A., Ayoko, O. B., Amoo, N., & Menke, C. (2019). The relationship between cultural values, cultural intelligence and negotiation styles. Journal of Business Research, 99(June), 23-36.
Chiu, C., Hsu, M., & Wang, E. (2006). Understanding Knowledge Sharing In Virtual Communities: An Integration of Social Capital and Social Cognitive Theories. Decision Support Systems, 42(3), 1872-1888.
Cuthill, M. (2010). Strengthening the 'social' in sustainable development: Developing a conceptual framework for social sustainability in a rapid urban growth region in Australia. Sustainable development, 18(6), 362-373.
Dembek, K., Singh, P., & Bhakoo, V. (2016). Literature review of shared value: a theoretical concept or a management buzzword? Journal of Business Ethics, 137(2), 231-267.
Devine, A., & Quinn, B. (2019). Building social capital in a divided city: the potential of events. Journal of Sustainable Tourism, 27(10), 1495-1512.
Dika, S., & Singh, K. (2002). Applications of Social Capital in Educational Literature: A Critical Synthesis. Review of Educational Research, 72(1), 31-60.
Dong, L. N. T., & Phuong, N. N. D. (2018). Organizational justice, job satisfaction and organizational citizenship behavior in higher education institutions: A research proposition in Vietnam. The Journal of Asian Finance, Economics, and Business, 5(3), 113-119.
Dufays, F., & Huybrechts, B. (2014). Connecting the dots for social value: A review on social networks and social entrepreneurship. Journal of Social Entrepreneurship, 5(2), 214-237.
Farheen, A., & Farooq, R. M. A. (2015). The impact of social capital on educational attainment: evidence from rural areas of Pakistan. Research on Humanities and Social Sciences, 5(13), 95-102.
Fearon, C., Nachmias, S., McLaughlin, H., & Jackson, S. (2018). Personal values, social capital, and higher education student career decidedness: a new ‘protean’-informed model. Studies in Higher Education, 43(2), 269-291.
Fernández-Gámez, M. Á., Gutiérrez-Ruiz, A. M., Becerra-Vicario, R., & Ruiz-Palomo, D. (2019). The effects of creating shared value on the hotel performance. Sustainability, 11(6), 1784.
Fernández‐Gámez, M. Á., Gutiérrez‐Ruiz, A. M., Becerra‐ Vicario, R., & Ruiz‐Palomo, D. (2020). The impact of creating shared value on hotels online reputation. Corporate Social Responsibility and Environmental Management, 27(5), 2201-2211.
Gosselin, P., Lotz, A., & Wambst, M. (2019). Heterogeneity in social values and capital accumulation in a changing world. Journal of Economic Interaction and Coordination, 14(1), 47-92.
Guerrero, L. S. (2020). From children to parents: The role of performance shifts in private tutoring enrollment by social origins. The South Korean case. Research in Social Stratification and Mobility, 66(April), 100466.
Hultberg, P., Calonge, D. S., & Kim, S. H. (2017). Education policy in South Korea: A contemporary model of human capital accumulation? Cogent Economics & Finance, 5(1), 1389804.
Hyland, T. (2019). Vocational studies, lifelong learning and social values: investigating education, training and NVQs under the new deal. Oxfordshire, England:Routledge.
Jacobs, J. (1965). The death and life of great American cities. London: Penguin Books.
Kang, E. (2020). The Relationship between Reinforcement of Employee’s Customer-Centric Behavior and Employee Motivation Factors. Advances in Social Sciences Research Journal, 7(7), 338-347.
Kang, E., & Hwang, H. J. (2018). Strategic management plan for transnational organizations. The Journal of Asian Finance, Economics, and Business, 5(2), 119-128.
Kang, S., & Na, Y. K. (2018). The effect of the relationship characteristics and social capital of the sharing economy business on the social network, relationship competitive advantage, and continuance commitment. Sustainability, 10(7), 2203.
Kim, S. (2016). Effects of government's regulations on private education expenditures in Korea. Seoul Journal of Economics, 29(2), 181-211.
Kim, S. S., Baek, W. Y., Byon, K. K., & Ju, S. B. (2020). Creating Shared Value and Fan Loyalty in the Korean Professional Volleyball Team. Sustainability, 12(18), 7625.
Kline, T. J. (1999). The team player inventory: Reliability and validity of a measure of predisposition toward organizational team-working environments. Journal for Specialists in Group Work, 24(1), 102-112.
Le, H. B. H., Ngo, C. T., Trinh, T. T. H., & Nguyen, T. T. P. (2020). Factor Affecting Customers' Decision to Use Mobile Banking Service: A Case of Thanh Hoa Province, Vietnam. The Journal of Asian Finance, Economics, and Business, 7(2), 205-212.
Lee, S. (2018). Relationship among education fever, the college-admission policy, and shadow education in South Korea. KEDI Journal of Educational Policy, 15(2), 121-139.
Morris, S., & Shin, H. S. (2002). Social value of public information. American Economic Review, 92(5), 1521-1534.
Oh, B. C., Yeon, J. Y., Lee, H. S., Lee, D. W., & Park, E. C. (2020). Correlation between private education costs and parental depression in South Korea. BMC Public Health, 20(1), 1-10.
Park, J., & Lee, S. (2021). Effects of private education fever on tenure and occupancy choices in Seoul, South Korea. Journal of Housing and the Built Environment, 36(2), 433-452.
Porter, M. E., & Kramer, M. R. (2019). Creating shared value. Managing Sustainable Business (pp. 323-346). Springer, Dordrecht.
Portes, A. (1998). Social capital: Its origins and applications in modern sociology. Annual Review of Sociology, 24(1), 1-24.
Robison, L. J., Schmid, A. A., & Siles, M. E. (2002). Is social capital really capital?. Review of Social Economy, 60(1), 1-21
Soomro, S., Kazemian, B., & Mahar, I. (2015). The importance of culture in second and foreign language learning. Dinamika Ilmu: Journal of Education, 15(1), 1-10.
Tsai, W., & Ghoshal, S. (1998). Social capital and value creation: The role of intrafirm networks. Academy of Management Journal, 41(4), 464-476.
Tulin, M., Lancee, B., & Volker, B. (2018). Personality and social capital. Social Psychology Quarterly, 81(4), 295-318.
Villalonga-Olives, E., & Kawachi, I. (2017). The dark side of social capital: A systematic review of the negative health effects of social capital. Social Science & Medicine, 194(December), 105-127.
Wójcik, P. (2016). How creating shared value differs from corporate social responsibility. Journal of Management and Business Administration. Central Europe, 24(2), 32-55.
Xiang, C., Lu, Y., & Gupta, S. (2013). Knowledge sharing in information system development teams: examining the impact of shared mental model from a social capital theory perspective. Behaviour & Information Technology, 32(10), 1024-1040.
Yang, T. K., & Yan, M. R. (2020). The corporate shared value for sustainable development: An ecosystem perspective. Sustainability, 12(6), 2348
Zhou, C., Zheng, W., Yuan, Q., Zhang, B., Chen, H., Wang,W., & Yang, L. (2018). Associations between social capital and maternal depression: results from a follow-up study in China. BMC Pregnancy and Childbirth, 18(1), 1-9
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations