From individual social capital to collective social capital: empirical evidence from inter-firm financing trust network

The Journal of Chinese Sociology

Table 4 Regression results of individual social capital and the development of a trust network

Independent variables	Dependent variables: self-centered network size (the development of trust network)
Independent variables	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6
Social relation	.150^***	.142^**	.152^***	.133^**	.071^**	.144^**
Social relation	− 0.039	− 0.039	− 0.039	− 0.041	− 0.034	− 0.039
Social prestige	0.007	0.003	0.009	0.024	0.03	0.005
Social prestige	− 0.023	− 0.023	− 0.023	− 0.024	− 0.02	− 0.024
Kinship proximity		− .052^**		− .091^**	− .053^**	− .049^*
Kinship proximity		− 0.026		− 0.024	− 0.021	− 0.026
Geographic proximity		− 0.007		− 0.041	− 0.03	− 0.007
Geographic proximity		− 0.03		− 0.031	− 0.027	− 0.03
Industrial proximity		0.014		− 0.007	0.022	0.015
Industrial proximity		− 0.027		− 0.027	− 0.023	− 0.027
Classification homogeneity			0.046	0.067	0.033	0.035
Classification homogeneity			− 0.052	− 0.054	− 0.045	− 0.052
Constant	0.003	0.03	− 0.022	− 0.019	− 0.035	0.009
Constant	− 0.035	− 0.043	− 0.045	− 0.054	− 0.046	− 0.053
Grouping endogeneity					Controlled
Category endogeneity	Control	Control	Control			Control
Control variables	Control	Control	Control	Control	Control	Control
Effective sample	218	218	218	218	218	218
Adjusted R²	0.301	0.306	0.3	0.248	0.496	0.304
F	12.681***	9.711***	11.351***	8.149***	13.552***	8.915***

*p < 0.1; **p < 0.05; ***p < 0.01. Standard errors are in brackets. In Model 1, Model 2, Model 3 and Model 6, two dummy variables used to control endogeneity are statistically significant. In Model 5, only two in seven group dummy variables have significant regression coefficients