External social capital of the firm: A review

The social capital available to the firm from its external network is the focal topic around which the literature is reviewed. 57 papers obtained from search of the top three journals in strategy field have been reviewed. The paper tries to find the patterns and trends in researches done from the review. The major motive behind this is to find relevant research gap in terms of broad areas left untouched when classification of papers is done based on certain criteria. The trends in research and thus the gaps found are discussed. Papers are synthesized based on relation of social capital with performance of the firm. Propositions are made based on it. It is argued that cognitive dimension of social capital of the new venture firm affects the performance of the new venture firm.