ESSENCE AND ROLE OF SOCIAL CAPITAL IN THE PROCESS OF ADOPTION OF MANAGEMENT DECISIONS

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Abstract


The author considers the capital as a factor of production, which is the accumulated stock of previously produced goods, which are involved in the current production of goods and services. Separately, the author focuses on the financial capital as a condition of economic activity, which is a possibility of concentration of economic resources (natural, labor, fixed assets) for production. The author especially emphasizes the importance of social capital as the stock of social contacts of the economic agent, clarifying the definition in its narrow and broad meanings. Formulated and generalized trends, fragmenting the institutional environment of the Russian economy.

About the authors

Olga M Stepanova

Peoples’ Friendship University of Russia

Email: stepanova_om@pfur.ru
Department of Public Administration

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Copyright (c) 2014 Степанова О.М.

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