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

In this study the interplay between human capital and social capital in the income attainment of managers is discussed. A regression analysis of a 1985 sample of 114 executive team members in Swedish public finns shows that social capital is an important influencing factor of managers' incomes. The results also show that social capital contributes more to managers' incomes than human capital. Furthermore, it is not, as argued in earlier network research, weak ties that generate these instrumental effects but strong ties.