Social Capital and the Boundary of the Firm: Evidence from Relationship-Specific Investments

Jarrad Harford; Xing Li; Jiaren Pang; Haibin Wu; Liu Zheng

doi:10.1017/s0022109026102798

Journal of Financial and Quantitative Analysis 2026

Social Capital and the Boundary of the Firm: Evidence from Relationship-Specific Investments

Jarrad Harford^1,2; Xing Li ³; Jiaren Pang⁴; Haibin Wu ⁵; Liu Zheng⁵

¹ University of Washington · ² European Corporate Governance Institute · ³ Xi'an Jiaotong University · ⁴ Tsinghua University · ⁵ City University of Hong Kong

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DOI: 10.1017/s0022109026102798
Pages: 1-52
Language: en
Sources: openalex crossref

Social Capital and the Boundary of the Firm: Evidence from Relationship-Specific Investments

Abstract

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