Human Capital,Social Capital and Compensation: The Relative Contribution of Social Contacts to Managers' Incomes

Abstract

In this study the additional effect of social capital over and above the contribution of human capital on the income attainment of managers is explored A regression analysis of a 1985 sample of III executive team members in Swedish public firms shows that social capital is an important influencing factor of managers incomes The results also show that firm size increases managers income levels Furthermore. it is not as argued in earlier network research. weak ties that generate these instrumental effects hut strong ties