Effect of social capital on agribusiness diversification intention in the emerging market

Lang, Le Dang, Behl, Abhishek, Dong, Nguyen Trung, Temouri, Yama and Thu, Nguyen Hong (2022) Effect of social capital on agribusiness diversification intention in the emerging market. Journal of Intellectual Capital, 23 (1). pp. 56-84. ISSN 14691930

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Abstract

Purpose
Coronavirus disease 2019 (COVID-19) has seriously affected the global economy. How agribusinessmen are overcoming this crisis is being noticed in emerging markets. Using social capital to diversify agribusiness for getting more customers is a useful solution for the growth of agribusiness. However, there is a lack of evidence on the aggregate measurement scale of social capital and the influence of behavioral goals on the intention toward agribusiness diversification. Therefore, this study aims to develop an integrated measurement of social capital and investigate its effect on agribusiness diversification intention using the expanded theory of planned behavior (TPB).

Design/methodology/approach
A mixed-methods approach is used, including four in-depth interviews, three focus group discussions and two surveys. Structural equation modeling is applied to a sample of 484 respondents to test the proposed hypotheses.

Findings
The study shows the role of social capital in influencing the intention to diversify agribusiness under the premises of the resource-based view (RBV). The scale of social capital is also developed, which is the first integrated measurement of this asset. The findings contribute significantly to the existing knowledge of social capital, the TPB and diversifying agribusiness.

Originality/value
This is the first study to explore the comprehensive effect of the facets of social capital on behavioral intention through behavioral goals and determinants of the TPB under the premises of the RBV. The findings will help emerging economies, for example, Vietnam, where most farmers are family business owners or microscaled entrepreneurs in agriculture.

Item Type: Article
Keywords: Agribusiness diversification | COVID-19 | Resource-based view | Social capital | Theory of planned behavior
Subjects: Social Sciences and humanities > Business, Management and Accounting > Business and International Management
Physical, Life and Health Sciences > Agricultural science
JGU School/Centre: Jindal Global Business School
Depositing User: Mr. Syed Anas
Date Deposited: 23 Jan 2022 13:39
Last Modified: 24 Jan 2022 08:24
Official URL: https://doi.org/10.1108/JIC-01-2021-0039
Additional Information: The authors wish to convey their sincere appreciation to editors and anonymous reviewers for the effort and time they have invested in providing constructive reviews despite the challenges of COVID-19, which helped us improve our manuscript’s quality substantially
URI: https://pure.jgu.edu.in/id/eprint/775

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