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Abstract
Purpose – Coronavirus disease 2019 (COVID-19) has seriously affected the global economy. How
agribusinessmen are overcoming this crisis is being noticed in emerging markets. Using social capital to
diversify agribusiness for getting more customers is a useful solution for the growth of agribusiness.
However, there is a lack of evidence on the aggregate measurement scale of social capital and the influence of
behavioral goals on the intention toward agribusiness diversification. Therefore, this study aims to develop
an integrated measurement of social capital and investigate its effect on agribusiness diversification
intention using the expanded theory of planned behavior (TPB).
Design/methodology/approach – A mixed-methods approach is used, including four in-depth interviews,
three focus group discussions and two surveys. Structural equation modeling is applied to a sample of 484
respondents to test the proposed hypotheses.
Findings – The study shows the role of social capital in influencing the intention to diversify agribusiness
under the premises of the resource-based view (RBV). The scale of social capital is also developed, which is the
first integrated measurement of this asset. The findings contribute significantly to the existing knowledge of
social capital, the TPB and diversifying agribusiness.
Originality/value – This is the first study to explore the comprehensive effect of the facets of social capital on
behavioral intention through behavioral goals and determinants of the TPB under the premises of the RBV.
The findings will help emerging economies, for example, Vietnam, where most farmers are family business
owners or microscaled entrepreneurs in agriculture.
Keywords Agribusiness diversification, COVID-19, Resource-based view, Social capital,
Theory of planned behavior
Paper type Research paper
1. Introduction
The coronavirus disease 2019 (COVID-19) crisis has badly destroyed the world economy
(Singh et al., 2020; Al-Omoush et al., 2020; Lim and To, 2021), in which many organizations
The authors wish to convey their sincere appreciation to editors and anonymous reviewers for the effort
and time they have invested in providing constructive reviews despite the challenges of COVID-19,
which helped us improve our manuscript’s quality substantially. Journal of Intellectual Capital
Declaration of competing interest: We confirm there are no potential conflicts of interest to the © Emerald Publishing Limited
1469-1930
research, authorship and or publication of this article, and no funding has been received. DOI 10.1108/JIC-01-2021-0039
JIC have been forced to reduce their scale. In this context, the agriculture and agribusiness of
Vietnam, a developing country with 65.57% of all population relating to agriculture (General
Statistics Office of Vietnam, 2020), have also seriously been affected. As a consequence, many
agricultural businesses and households have lost customers and then dropped into financial
crises. Therefore, it is urgent to develop alternatives for diversifying incomes in agriculture
and agribusiness.
Some scholars also identified farm diversifications as essential alternative strategies that
farmers can apply to survive and succeed (Hansson et al., 2013). Previous studies also showed
that agribusinessmen make their decisions based on a set of economic and noneconomic goals
(Barbieri and Mahoney, 2009). However, no studies, to the best of the authors’ knowledge,
have examined the role of goals in pushing agribusiness diversification under the premises of
the resource-based view (RBV), while the RBV is one of the most critical theoretical
frameworks which is referred to in the majority of studies in this area (Bamel et al., 2021).
Instead, most of the earlier studies relating to behavioral goals encourage diversifications in
agritourism (Barbieri and Mahoney, 2009; Hansson et al., 2013) although several past studies
also indicated an understanding of the goals or motivations behind entrepreneurial and
agricultural diversification (e.g. Hansson et al., 2013; Barba-Sanchez and Atienza-Sahuquillo,
2018). The motives or goals for diversifying agribusiness have mostly multiple dimensions,
and economic aspects should be considered (Vik and McElwee, 2011; Hansson et al., 2013).
Additionally, a deeper understanding of the effect of essential resources on intentions
toward diversifying farms through behavioral goals is crucial to understand farmers’
responses to agricultural change (Barbieri and Mahoney, 2009). It is also necessary to provide
insights regarding the adequacy of diversification as an agribusiness development strategy.
Therefore, the current study explores the importance of essential resources and behavioral
goals in motivating agribusiness diversification using the theory of planned behavior (TPB).
Individuals and organizations should utilize strategic resources to compete (Dubey et al.,
2020). The success in the context of the current “new normality” situation should be based on
intangible resources (Teece, 2007), such as intellectual capital (Barrutia and Echebarria, 2021) or
social capital (SC) (Bhatti et al., 2020), especially in an economy highly affected by COVID-19. For
example, social capital has an essential role in creating e-business proactiveness in responding
to the pandemic (Al-Omoush et al., 2020). Moreover, there is also an overall consensus that
competitive advantage is not gained through tangible resources. This is parallel to a widely
debated topic referred to as the RBV, where intangible resources are strongly supported as the
most important source of an organization’s success (Barney, 1991; Newbert, 2008). In this study,
we refer to SC because it enables to increase entrepreneurs’ networks that facilitate the
exchange of essential resources and product innovation (Molina-Morales and Martınez-
Fernandez, 2010; Glover, 2013; Agostini et al., 2017; Oliveira et al., 2020). SC also strengthens
microenterprise innovativeness, entrepreneurial competencies, competitive advantage (Corvino
et al., 2019), or motivates the growth of a business, boosts sales, obtains competitive advantages
(Sallah and Caesar, 2020), and increases well-being (Calcagnini and Perugini, 2019). SC resources
are especially important and seen as primary resources that influence family-owned businesses
(Wu et al., 2020). Furthermore, facets of SC positively affect knowledge sharing, which positively
affects three components of intellectual capital (i.e. human capital, structural capital and
relational capital), leading to innovation (Allameh, 2018; Oliveira et al., 2020) and employee
creativity (Bhatti et al., 2020). Although SC has various approaches (Kim and Aldrich, 2005;
Light and Dana, 2013), it is often defined as a network of resources or relationships (Tatarko and
Schmidt, 2016). The more individuals gain SC, the higher the chance they obtain desired
outcomes (Chen et al., 2015). Consequently, SC has received significant attention from both
scholars and policymakers (Agenor and Dinh, 2015) with an evolving and increasing role
(Bamel et al., 2021). Its applications also vary (e.g. Xu et al., 2018; Sanchez-Famoso et al., 2020),
especially in agribusiness or agriculture (Glover, 2013; Xu et al., 2018; Cofre-Bravo et al., 2019).
Although scholars have noticed SC for decades, there is a relative dearth of studies that Effect of social
integrally measure SC. There has been a lack of consensus regarding its measurement, as capital on
indicated by Pirolo and Presutti (2010) and Calcagnini and Perugini (2019), or the statement of
Fukuyama (2001, p. 12) that “one of the greatest weaknesses of the social capital concept is the
agribusiness
absence of consensus on how to measure it.” Nevertheless, it is not easy to measure SC by its
complexity and intangibleness (Coleman, 1990; Putnam, 2000; Sabatini, 2009; H€allsten et al.,
2015). In fact, as the implication of Morrow et al. (2017), its existing measurement is in a vague
methodology or a lack of theory-based and validated measurements (Snoxell et al., 2006). As a
consequence, most of the existing empirical studies apply partial approaches with one or a
few facets of SC (Seghers et al., 2012; Morrow et al., 2017; Xu et al., 2018; Boohene et al., 2019;
Chmelıkova et al., 2019; Calcagnini and Perugini, 2019; Cofre-Bravo et al., 2019; Sallah and
Caesar, 2020), while it is a multidimensional construct (Nahapiet and Ghoshal, 2000;
Gedajlovic et al., 2013). Thus, scholars need to weigh each measure depending on the context
of the study before applying for their studies (Veerle et al., 2012). For example, some aspects of
SC applied include bonding and bridging dimensions (Morrow et al., 2017; Xu et al., 2018),
bonding, bridging and linking dimensions (Cofre-Bravo et al., 2019), trust (Coleman, 1988),
relationships as network ties (Seghers et al., 2012), rules and norms governing social actions
(Coleman, 1988; Fukuyama, 2001), informal or formal social ties, trust, norms of collective
action (Calcagnini and Perugini, 2019), strong and weak ties of SC (Pirolo and Presutti, 2010),
social interactions, trust, shared vision and involvement of local institutions (Molina-Morales
and Martınez-Fernandez, 2010). In brief, from recent calls by Xu et al. (2018), Chmelıkova et al.
(2019), and Sanchez-Famoso et al. (2020) about the growing need to develop an integrative
measurement scale of SC that captures its complexity, this study intends to develop a new
integrated measurement that should be explored in the agribusiness before investigating its
full effect on psychological factors relating to diversifying agribusiness.
On the other hand, the TPB is an ideal theoretical framework to study behavioral intentions
for the following reasons. First, the behavioral intention requires careful planning, a favorable
attribute for the TPB. Second, the TPB is seen as the most suitable model to examine
entrepreneurial intentions than other theories (Li~ nan and Chen, 2009; Zhang and Cain, 2017).
Third, agribusinessmen’s behaviors are not exclusively affected by profit maximization
(Gasson, 1973). Thus, their intention to diversify agribusiness aims to see incomes and
nonfinance goals (e.g. a contribution to community development, social positioning, or
reputation). Consequently, their behavioral intentions, actual behaviors and success are
directly and indirectly affected by tangible and intangible resources under the premises of the
RBV, especially intangible resources (Barney, 1991; Newbert, 2008), including SC. Therefore,
the TPB and RBV are fundamental theories, which complement each other in this study.
In brief, from the limitation of the existing literature relating to the integrated measurement
scale of SC and its crucial role as well as behavioral goals on creating behavioral intentions
toward diversifying agribusiness, the current study aims to answer the following two key
research questions:
RQ1. What are the aspects measuring SC in the agribusiness industry?
RQ2. What are the extent and impact of specific aspects of SC on diversifying
agribusiness through behavioral goals, behavioral attitude, subjective norms and
perceived behavioral control?
The study tends to provide a thorough understanding of the role of SC, behavioral goals in
creating agribusinessmen’s intention to diversify agribusiness. The study is expected to
significantly contribute to the existing literature on the theory of SC TPB, andRBV.
Simultaneously, the result of the study is seen to help emerging economies, for instance,
Vietnam, with a population of nearly 100 million, in which most farmers are family business
JIC owners (Glover, 2013; Hansson et al., 2013) or microscale entrepreneurs (Carter and Rosa,
1998) in agriculture. These agribusinessmen, who are respondents, may lack economic
capital and intangible types of capital, such as SC (Glover, 2013). This study, therefore, aims
to the right persons that they need to prioritize in strengthening their SC to improve their
difficult situation in the context of the negative influence of COVID-19. The paper is
structured as follows. The next section of the study discusses agribusiness diversification,
the theory of SC, TPB and its extension and RBV, followed by the methodology, the scales
development, the hypotheses development and testing, the discussions and the expected
contributions. The paper concludes by summarizing the contributions as well as the
limitations and future research directions.
2. Theoretical underpinning
2.1 Behavioral intention toward agribusiness diversification (IDB)
The concept of farm diversification has not yet a unified definition although it has long
received significant attention from scholars (Hansson et al., 2013). Following the strategic
management literature, the term of business diversification includes developing new
products for existing markets, supplement existing products into new markets and serve new
products for new markets, as proposed by Johnson et al. (2011). However, processing
branded products from agricultural produce or on-farm retailing and marketing are also
considered a diversification in the farm diversification literature (e.g. McNally, 2001) although
it is considered vertical integration in the strategic management literature (e.g. Johnson et al.,
2011). Farm diversification is also considered involvement in ventures outside conventional
agriculture. Farm resources are used or for ventures based on further on-farm processing and
or marketing and retailing of products. The farmer is seen as the manager (Hansson et al.,
2013). This definition of farm diversification closely resembles previous studies (e.g. McNally,
2001; Barbieri and Mahoney, 2009; Vik and McElwee, 2011).
According to Ilbery (1991), farm diversification is also the recombination and reallocation
of farm resources to new unconventional crops/animals or nonagricultural enterprises that
are developed on the farm. More specifically, Barbieri and Mahoney (2009) indicated six
different types of diversification: the adoption of nontraditional crops and livestock or the
application of new agricultural practices; the use of direct marketing and selling activities,
and integrated marketing communications to make farm products in different markets; the
integration of recreation, tourism and hospitality enterprises on the farm; the lease, rental,
easements and timeshares of the farming and its resources; providing contract services;
value-added products, including the packaging or processing. In brief, the forms of farm
diversification suggested by scholars relating to business models in agriculture are
relatively similar to entrepreneurial diversification. Thus, farm diversification can be seen as
agribusiness diversification, a new business strategy that farmers as entrepreneurs
undertake (Storer et al., 2014). Moreover, the behavioral intention to diversify farms is an
essential condition for farm diversification and may be affected by some psychological
factors, as suggested by Ajzen (1991), Heuer and Li~ nan (2013), Murugesan and Jayavelu
(2015), and Aleksandrova et al. (2019).
3. Methodology
3.1 Mixed-methods approach
The mixed methodology is applied for the current study. This approach is seen as the most
suitable methodology for studies relating to developing new scales (e.g., Arora and Stoner,
2009; Latif et al., 2019; Zhang and Laroche, 2020). In particular, this study needs an integrated
measurement of SC, which is absent in the current literature. Next, qualitative studies help
provide a richer and more complex picture of the considered issue based on participants’
subjective perspectives (Creswell, 2002), and thus, it adds important insights about SC
(Strauss and Corbin, 1998). However, they may lack a rigorous validation of measurement
scales and test hypothesized causal relationships. In contrast, quantitative studies can ignore
rich details of SC not indicated by the existing scales, even though it is statistically rigorous
(Srnka and Koeszegi, 2007). Therefore, we contend that the mixed-method approach is
suitable for the current study, which helps mitigate purists’ concerns and provides the needed
depth of understanding (Arora and Stoner, 2009, p. 274). Besides, Churchill’s (1979) rigorous
eight-stage scale development process is applied to develop an integrated SC measurement.
This process is also widely adopted in the scale development by a mixed-method design with
two quantitative studies (i.e. preliminary test and official test). In that, the multitrait–
multimethod approach is used to validate the scale replaced by the exploratory factor
analysis (EFA) and confirmatory factor analysis (CFA), as suggested by MacKenzie et al.
(2011). In brief, using a mixed methodology based on a contemporary, two-studies design is
suitable, as suggested by Srnka and Koeszegi (2007). An exploratory sequential design is best
suited given the existing literature’s circumstances (Creswell and Clark, 2017). Our research
process can be synthesized as Figure 1, where four in-depth interviews, three focus group
discussions and two surveys are applied.
The flowchart indicates that two in-depth interviews are first conducted to develop a set of
SC statements. Then three focus group discussions are organized to generate the initial pool
of indicators. Besides, two in-depth interviews with senior agribusinessmen are also applied
3.2 Measurement
Many past studies have suggested measurements for determinants of the TPB (i.e. attitude,
subjective norms and perceived behavioral control) its extension (i.e. behavioral goals) and
the behavioral intention. However, we contend that those scales vary across different
countries or contexts and would benefit from fresh revalidation. Next, the integrated scale for
SC is absent in the existing business literature. Thus, new facets with more suitable
measurement indicators for SC are required for further exploration. In particular, for
determinants of the expanded TPB with existing measurement indicators, this research
adopts those measurements from prior studies. Still, it subjects them for revalidation through
two in-depth interviews to establish content and face validity of these scales. The same
approach is also applied for the behavioral intention to diversify agribusiness that does not
have suitable measurement indicators based on the past literature. More specifically, scales of
behavioral attitude, subjective norms and perceived behavior control are measured by three-
indicator, five-indicator and seven-indicator scales, in turn, adapted from Hansson et al.
(2012). A nineteen-indicator scale measures the construct of behavioral goals with six
dimensions adapted from Barbieri and Mahoney (2009). The initial measure for the
behavioral intention has three indicators adapted from Senger et al. (2017), developed based
on the studies of Barbieri and Mahoney (2009) and Hansson et al. (2013).
The measurement scale of SC is newly developed following Churchill’s (1979) rigorous
scale development process, also widely adopted in scale development (e.g. Latif et al., 2019;
Zhang and Laroche, 2020). More specifically, the conceptual definitions of SC are adopted
from other scholars and then adapted to fit the agribusiness industry’s context for use by two
in-depth interviews and three focus group discussions. The indicators are purified by the
preliminary survey and then validated in the main survey. All question indicators are
measured on a five-point Likert scale (1 5 “strongly disagree” and five 5 “strongly agree”).
The main study is conducted on the larger and more generalizable sample size and was used
to test the hypothesized model.
3.3 Sample
Respondents are agribusinessmen, seen as microscale entrepreneurs (Carter and Rosa, 1998)
or family business owners (Glover, 2013; Hansson et al., 2013). They are directly interviewed
to indicate the extent to which they agree or disagree with statements about aspects of SC,
behavioral goals, attitudes, subjective norms, perceived behavioral control and intentions
toward diversifying agribusiness on a five-point Likert scale. The sample size should be five
times the number of estimated EFA parameters (Hair et al., 2010) and ten times in CFA (Kline,
2011). The sample is at least 200 samples for SEM (Hair et al., 2010; Kline, 2011). We collect 137
and then 484 complete questionnaires for the first survey and the second survey. The
sample’s profile in the (preliminary) first survey is shown in Table 1. The (official) second
survey dataset points out that the sample is diverse and representative of agribusinessmen.
Characteristics Details
Table 1.
first survey
Sample’s profile in the
JIC In particular, the sample focuses on the male (79.5%), with ages from 36 to 45 years old
(35.7%) and 46 to 55 (28.2%) at Mekong Delta (72.7%) and south-central (27.3%) regions with
seven provinces of Vietnam, including Quang Nam, Dak Nong, Tien Giang, Bac Lieu, Hau
Giang, Kien Giang and An Giang provinces. Many of them got married (90.2%) and have at
least eleven years of experience in agriculture (76.7%). However, the respondents’ education
is not high, only 9.6% of them have university certificates, and 11.2% graduated from higher
school or college. This educational characteristic is also suitable for past relevant studies.
More than half of them completed a short training course in agriculture (66.4%) and are
members of agricultural cooperatives (50.5%). Nevertheless, nearly half of them have work or
businesses beyond agriculture production (45.5%). More specifically, 25.5% of them spend
around 26% to 50% of the time on agricultural activities, 41.3% spend from 51% to 75%, and
24.2% spend over 75% of their time doing agricultural activities. Besides, their annual
average income is relatively low; 85.8% have an income of 200 million or below (VND).
On the other hand, respondents are often small holders, with the number of people employed
for agricultural activities less than four people (88.2%). Their farm size is from 1 to 2 hectares or
below (78.1%), only 16.5% of them have from 3 to 4 hectares, and 5.4% have above 4 ha.
However, a big part of them owns their agricultural land (79.1%), only 7.0% rent the land, while
13.9% simultaneously own and rent the land. The number of plant/animal types on the farm is
around one to three for 64.6%, 24.4% of them have four to six types, 11.0%. have seven or
above. The rate of cultivation from respondents is 45.6%, 8.9% is inbreeding, 3.8% is in
aquaculture, while 41.6% are mixed. Nevertheless, only 11.4% of them are in organic farming
production, whereas 88.6% adopt conventional farming. A few of them have private branded
products from agricultural produce (10.2%). In short, the data collection points out that the
sample is abundant and representative. Thus, the data is reliable and relatively adequate to
conduct the empirical analysis using EFA, CFA and SEM analyses.
4. Scales development
4.1 Qualitative studies and item generation
4.1.1 Social capital from the practitioner’s perspective. Qualitative studies generate a pool of
indicators. In particular, one agricultural expert and then a business professor is invited to
discuss adjusting and developing Gomez-Limon et al.’s (2014) questions regarding SC
measurement and exploring new statements. For example, the question “In the last
12 months, how often have you met with your close family?” is replaced by the statement “I have
often met with my family members”. For instance, some new statements are also explored,
“I have often met my close friends” and “I trust the people who succeeded in agriculture
production”. These studies aim to develop the first pool of indicators. The result indicates that
thirteen facets with seventy-seven indicators describe SC: bonding SC (8); bridging SC (8);
linking SC (8); corporate SC (5); knowledge-based trust (6); generalized social trust (4); trust in
political institutions (5); trust in public services (8); subjective safety (3); norms and social
sanction (4); generalized reciprocity (4); civics (10); community cohesiveness (4). Then three
focus group studies, including a group of seven agribusinessmen, coded from F1 to F7, a
group of seven supporters (i.e. engineers), coded from S1 to S7, and a group of four officials of
Farming Associations combined with three researchers of agriculture, coded from E1 to E7,
are conducted to adjust or explore indicators. Participants have at least five years of relevant
experience. The result generates an initial pool of seventy-nine indicators (Table 2) in that
four indicators are deleted, and six indicators are added. Besides, there are two main reasons
for developing many indicators. First, this study aims to develop an integrated measurement
scale of social capital. Second, an agricultural expert and one business professor in two
different areas create the first pool of indicators. This approach creates an integrated
development of aspects of SC.
Social capital Number of indicators generated by focus group
Effect of social
Dimensions Subdimensions discussion capital on
agribusiness
Structural social Bonding social capital 9
capital Bridging social capital 9
Linking social capital 7
Corporate social capital 5
Relational social Knowledge-based trust 6
capital Generalized social trust 4
Trust in political 5
institutions
Trust in public services 9
Subjective safety 3
Norms and social sanction 3
Generalized reciprocity 4 Table 2.
Cognitive social Civicness 9 The result of focus
capital Community cohesiveness 6 group discussion
For example, three participants of Group 1 and one of Group 3 disagree with the statement
“I am satisfied with the relationships I have with my family members” (BON3). However, this
statement is still kept for the next purification due to other participants’ ascendant
agreement. One participant (E6) suggests the new statement for the bonding SC, “I often share
my agricultural understanding with relatives around me,” Thus, it is added to the initial pool of
indicators, coded by BON9. Several words in statements are also changed for easier
understanding. Besides, there are also some arguments among Group 1 for some statements
of bridging SC. For instance, four members of Group 3 disagree with BRI1 and BRI2, but all
statements are kept for the subsequent testing.
Moreover, one new statement is added, suggested by E6, coded by BRI9. LIN3 (“I often
collaborate with a religious organization”) is removed by the disagreement of almost all
members of Group 1. Other statements have some arguments, such as LIN1 (by Group 1) or
LIN8 (Group 3), but are kept to test tightly. Also, the words “keep in touch” are replaced by
“collaborate” following the suggestions of E2 and E3. However, an idea proposed by E7 is not
accepted because it is duplicated with LIN8. Finally, the statements of the corporate SC are
retained though some participants disagree with COR4.
The exploratory studies also adjust statements describing facets of relational SC. For
example, KBT2 and KBT3 are edited by adding more suitable words proposed by E2. GST1
(“Generally speaking, I trust in people”) of the generalized social trust is deleted because almost
all participants disagree with it. Other statements are held back for more rigorous testing,
although there is disagreement, such as GST2. One statement is added by the suggestion of
E7, coded by GST5. All statements of the trust in political institutions and subjective safety
are kept with some corrections in used words. One statement is added to the trust in public
services, coded by TPS9 proposed by E7. NSS3 of the norms and social sanctions is removed
because four members in every group disagree with it. However, other statements are
preserved with a correction in the presentation. For the generalized reciprocity, all Group 3 do
not agree with GER1, while the three members of Group 1 disagree with GER3 and GER4; the
agreement of GER2 by all participants is also not high. Nevertheless, they are kept for the
next analyses because of participants’ high unification.
Finally, some statements of facets of cognitive dimension also have some adjustments. For
instance, CIV10 (“I think I am informed about issues related to the Asean”) of the civicness is
removed, while other statements are edited for easier understanding. CIV5 (“I am interested in
issues related to the Asean”) has a strong debation but is kept to test more rigorously. Besides,
there is a significant disagreement relating to COC1 (“I think there are significant differences in
JIC my village regarding ‘land ownership’”) and COC2 (“I think there are significant differences in
my village regarding ‘disputes of governmental policies’”) from members of Group 2. At the
same time, almost all agribusinessmen state that these statements describe community
cohesiveness. They, therefore, are still kept for the next tightly test. Also, two indicators,
which are “I think that there is a close connection among farmers in the village” (COC5) and
“I think that there is a sharing of agricultural experience among farmers” (COC6), are also
added for this facet, proposed by E7. However, some other participants argue that they can
describe the norms and social sanctions.
4.1.2 heory of planned behavior’s determinants, goals and behavioral intention from the
practitioner’s perspective. Two senior agribusinessmen are invited to refine existing
constructs’ measurement scales. They have already adopted farm diversification (i.e.
organic practice and agritourism). Three exploratory questions, including (1) “do you
understand the following statements that describe relevant issues?” (2) “do you have any
suggestions to refine the statements (word, sentence) about them?” and (3) “do you add any
statements to describe the relevant issues?”, are discussed by the in-depth interview
technique. The result is presented in Table 3, which shows a reconcilement to the existing
scales. More specifically, the result of the two interviews shows that the attitude,
subjective norms and perceived behavior control are described by the five-indicator,
seven-indicator and eight-indicator scales, where some new suitable statements are added.
For instance, the statements “I always note new effective agricultural production models”
(ADB4) and “I am interested in new business ideas in agriculture” (ADB5) are added to the
behavioral attitude, while the statement “Most people I hear opinions from agreeing that I
should diversify my business” (SNO6) is added to the subjective norms toward diversifying
agribusiness. The statement “I think my neighbors appreciate my business” is changed from
the facet of the perceived behavioral control into the subjective norms, coded by SNO7. The
statements “I have enough knowledge to diversify my business” (PBC7) and “I have enough
resources to diversify my business” (PBC8) are also added to the perceived behavior control.
Besides, while the statements “increase income from the farm in general” (Goa3) and
“Enhance closer connections in family members” (Goa21) are added to the behavioral goals,
three statements are added to the intention to diversify agribusiness, including IDB4, IDB5
and IDB6. The wording used for the statements is also edited to fit the study’s context.
Cognitive social capital Civicness I think I am informed about issues related 0.843
CR 5 0.864; to my “regional district”
AVE 5 0.615; I think I am informed about the degree of 0.803
Alpha 5 0.861 development of my region
I think I am informed about issues related 0.748
to “agricultural and the rural world”
I think I am informed about issues related 0.738
to Vietnam
Community I think there are significant differences in 0.844
cohesiveness my village because of “ethnic” problems
CR 5 0.837; I think there are significant differences in 0.887
AVE 5 0.636; my village due to “religious” reasons
Alpha 5 0.830 I think there are different opinions in my 0.640
village in disputing governmental policies
Goals toward diversifying CR 5 0.838 Respond to a market need/opportunity 0.713
agribusiness AVE 5 0.510 Make farm/ranch less dependent on 0.694
Alpha 5 0.836 outside factors
Increase income from farm/ranch in 0.679
general
Increase/diversify the market 0.775
Provide current customers with new 0.705
products/services
Attitude toward CR 5 0.822 I am interested in new business ideas in 0.837
diversifying agribusiness AVE 5 0.607 agriculture
Alpha 5 0.813 I always note new effective agricultural 0.809
production models
I like to try new ways of making money in 0.683
my business
Subjective norms toward CR 5 0.863 I feel that others think that I will succeed 0.805
diversifying agribusiness AVE 5 0.559 in my business
Alpha 5 0.866 I feel that my friends and family think that 0.824
I run my business in the right way
I think others see me as a role model 0.681
I think my neighbors appreciate my 0.647
business
I think other farmers believe that I run my 0.766
business in the right way
Perceived behavioral CR 5 0.794 I think it is easy to find the information I 0.819
control toward AVE 5 0.658 need to run my business
diversifying agribusiness Alpha 5 0.794 When I implement significant changes in 0.803
my business, I think it is easy to find
information about how it can be done
Intention to diversify CR 5 0.914 My intention diversifies business on my 0.919
agribusiness AVE 5 0.684 farm in the next five years
Alpha 5 0.920 My intention will diversify the business 0.924
on my farm in the next five years
I intend to diversify the business on my 0.700
farm by supplying some agricultural
services
I intend to diversify the business on my 0.859
farm in the next five years
I intend to diversify the business by 0.704
adding to the distribution of some
products for agriculture
Table 4. Note(s): CR 5 composite reliability. AVE 5 average variance extracted. Alpha 5 Cronbach’s alpha
civicness and community cohesiveness facets, directly positively affects behavioral goals and Effect of social
subjective norms (SNO) and then indirectly influences the attitude and IDB. Therefore, we capital on
suggest four H2a, H2b, H2c and H2d hypotheses:
agribusiness
H2a. Civicness positively affects the goals toward diversifying agribusiness.
H2b. Civicness positively affects the subjective norms toward diversifying agribusiness.
H2c. Community cohesiveness positively affects the goals toward diversifying
agribusiness.
H2d. Community cohesiveness positively affects the subjective norms toward
diversifying agribusiness.
The relational SC affects individuals’ long-term interactions, intentions and behaviors in the
network (Pearson et al., 2008; Lee and Jones, 2015). Some prior studies indicated that trust
increases cooperation (Shi et al., 2015). Individuals can access the network to exchange and
integrate resources and develop the motivation to create value (Nahapiet and Ghoshal, 2000).
This form of SC can also promote relationships and create an advantage in business (Shi et al.,
2015; Corvino et al., 2019). We argue that relational SC has a positive influence on the perceived
behavioral control, which leads to a positive intention to diversify their agribusiness.
Furthermore, close connections to create trust in relevant local political organizations may also
increase the agribusinessmen’s goals toward diversifying their businesses. Besides, we agreed
with the finding of Wu et al. (2020) that trust in general does not directly affect behavioral
intention. Therefore, we suggest the following hypotheses:
H3a. Generalized social trust positively affects the perceived behavioral control toward
diversifying agribusiness.
H3b. Trust in public services positively affects the perceived behavioral control toward
diversifying agribusiness.
H3c. Trust in political institutions positively affects the perceived behavioral control
toward diversifying agribusiness.
H3d. Trust in political institutions positively affects the goals toward diversifying
agribusiness.
5.1.2 Effects of the expanded theory of planned behavior’s determinants on intention to
diversify agribusiness. The behavioral goal is the internal drive that leads a person to various
behaviors (Barba-Sanchez and Atienza-Sahuquillo, 2018). The behavioral goal in this study
refers to agribusinessmen’s goal when diversifying agribusiness. The planned goals can
impact agribusinessmen’s decisions (Wilson, 1996; Bergevoet et al., 2004) and then their
behaviors (Locke and Latham, 2006), such as setting priorities and acquiring information
(Willock et al., 1999). We argue that behavioral goals are antecedents of behavioral
attitudes and behavioral intentions. Suppose agribusinessmen have straightforward and
robust agribusiness diversification goals, which will strengthen their positive ADB, as
a consequence, agribusinessmen will have the intention of diversifying their farms.
Therefore, we hypothesize that
H4a. Goals toward diversifying agribusiness positively affect the ADB.
H4b. Goals toward diversifying agribusiness positively affect the IDB.
Behavioral attitude for this study refers to the attitude to diversify agribusiness. Some prior
studies showed that behavioral attitude positively affects behavioral intention (Murugesan
and Jayavelu, 2015; Ting et al., 2016; Wu et al., 2020). Similarly, Li~ nan and Chen (2009),
JIC Aleksandrova et al. (2019), and Lan and Luc (2020) implicated a significant relationship
between the attitude and intention of becoming a social entrepreneur. We argue that
agribusinessmen intend to diversify their agribusiness if their attitude toward diversification
is positive. Thus, the H5 hypothesis is proposed:
H5. ADB positively affects the IDB.
Next, subjective norms refer to perceived social pressures that an individual perceives when
performing a specific behavior (Ajzen, 1991). In this study, they are the social pressures
positively perceived by respondents when diversifying agribusiness. Individuals may
consider whether their actions are in the presence of social norms that accept and encourage
them to do that. Thus, they tend to adopt behaviors under the pressure of the surrounding
people (Ting et al., 2016), Lan and Luc (2020), Wu et al., (2020). They may not be willing to
diversify their agribusiness until they need to meet the needs or social pressures from
surrounding people. Thus, we propose that
H6. Subjective norms toward diversifying agribusiness positively affect the IDB.
Finally, the perceived behavioral control is an individual’s perception of the ability to do a
particular behavior or an individual’s perception of the difficulty in implementing the
behavior (Ajzen, 1991). For the current study, perceived behavioral control is the respondents’
perception toward diversifying agribusiness, which has a direct and positive impact on
behavioral intention, as suggested by Ting et al. (2016), Aleksandrova et al. (2019), Lan and
Luc (2020), and Wu et al. (2020). We argue that this positive influence also exists in
agribusiness. Furthermore, when agribusinessmen’s perceived behavioral control (PBC)
toward diversifying agribusiness is positive, they may reduce social pressures. Thus, their
subjective norms toward diversifying agribusiness may also be more positive. Based on these
argumentations, we hypothesize that
H7. Perceived behavioral control toward agribusiness diversification positively affects
the IDB.
– 0.05 0.43
–0.05
0.27
0.27
0.43 Intention to
Bonding-
Diversify
Bridging
Agribusiness
0.28 0.27
Subjective
Trust in
Norms
Political Insti.
–0.04 0.16
0.26
Generalized
Social Trust Figure 2.
The result of the
Note(s): Chi-square (χ 2) = 2413.384; df = 1038; P = 0.000 structural model
analysis
Chi-square/ df (χ2/df) = 2.325; CFI = 0.901; TLI = 0.893; RMSEA = 0.052
Thus, relevant hypotheses, H5, H6 and H7, are supported, where the regression weight of
SNO is the highest (0.275), the next was the effect of ADB (0.269), and the influence of PBC is
lowest (0.164). In brief, the findings are shown in Table 5, which shows the role of SC in
influencing the IDB. Some discussions and implications of findings are presented in the
following sections.
6. Discussions
First, the study reconciled the scales of existing constructs. The findings showed a significant
change in the number and contents of measurement indicators for initial scales. Particularly,
the ADB, SNO, and PBC toward diversifying agribusiness are measured by three-indicator,
five-indicator and two-indicator scales, which significantly differ from the measurements
proposed by Hansson et al. (2012). Furthermore, the scale of the goals toward diversifying
agribusiness only has one facet with five indicators, which indicates a big difference from the
initial scale with six facets adapted from Barbieri and Mahoney (2009). Besides, theIDB is
measured by a five-indicator scale, which is also different from the initial scale obtained from
Senger et al. (2017). All reconciled measurement scales are rigorously tested to indicate
reliability and validity, which implies a meaningful contribution to the current literature. It
provides more suitable scales for the agribusiness industry in the emerging market. These
measures are strongly recommended to apply for relevant studies in the area. These findings
also provide a reliable background for developing suitable practical implications, discussed
in more detail in the next section.
JIC
results
Table 5.
Structural model
Structural model results
Hypotheses Std. β Unstd. β SE p Hypotheses testing
H2a Civicness → goals toward diversifying agribusiness 0.289 0.243 0.051 *** Supported
H2c Community cohesiveness → goals toward diversifying agribusiness 0.020 0.012 0.032 ns Not supported
H3d Trust in political institutions → goals toward diversifying agribusiness 0.285 0.215 0.044 *** Supported
H4a Goals toward diversifying agribusiness → attitude toward diversifying agribusiness 0.432 0.458 0.062 *** Supported
H3a Generalized social trust → perceived behavioral control 0.262 0.285 0.076 *** Supported
H3b Trust in public services → Perceived behavioral control 0.343 0.369 0.095 *** Supported
H1c Bonding–bridging social capital → Attitude toward diversifying agribusiness 0.275 0.246 0.047 *** Supported
H3c Trust in political institutions → perceived behavioral control 0.043 0.039 0.069 ns Not supported
H2d Community cohesiveness → subjective norms 0.054 0.040 0.035 ns Not supported
H2b Civicness → subjective norms 0.639 0.629 0.052 *** Supported
H1a Linking–corporate social capital → intention to diversify agribusiness 0.018 0.011 0.028 ns Not supported
H4b Goals toward diversifying agribusiness → intention to diversify agribusiness 0.053 0.081 0.076 ns Not supported
H7 Perceived behavioral control → intention to diversify agribusiness 0.164 0.209 0.056 *** Supported
H6 Subjective norms → intention to diversify agribusiness 0.275 0.360 0.056 *** Supported
H5 Attitude toward diversifying agribusiness → intention to diversify agribusiness 0.269 0.388 0.072 *** Supported
H1b Linking–corporate social capital → intention to diversify agribusiness 0.435 0.377 0.036 *** Supported
Note(s): *** 5 significant at levels of 1%. ns 5 nonsignificant
Second, this study developed a new integrated measurement of SC. This scale has seven Effect of social
facets with a total of twenty-eight indicators, which was confirmed to be more adequate and capital on
rigorous than scales developed by past studies, such as the measure of SC proposed or
adopted by Boohene et al. (2019), Chmelıkova et al. (2019), and Sallah and Caesar (2020). It is
agribusiness
also more suitable, reliable and rigorous than the SC statements proposed by Gomez-Limon
et al. (2014). This result is seen as advancements in theory, which strongly respond to calls
from prior studies by other researchers (e.g. Gomez-Limon et al., 2014; Xu et al., 2018;
Chmelıkova et al., 2019; Sanchez-Famoso et al., 2020). This new measurement will be very
useful for studies that apply the theories of SC, human resources or intellectual capital. Some
applied studies in the agribusiness area can also use this scale to suggest more suitable and
practical solutions. Also, social policymakers can apply it for building sustainable social or
agricultural development strategies.
Third, the study explored causal relationships amongst the facets of SC, behavioral
goals, ADB, SNO, PBC and IDB toward diversifying agribusiness. More specifically, the
linking–corporate SC has a powerfully direct and positive effect on IDB (0.435), while the
bonding–bridging SC directly affects ADB (0.275). These findings are meaningful
exploratories, indicating the important role of SC’s structural dimension for practical
applicability. However, the significant relationship between the linking–corporate SC and
ADB has not yet been found. Thus, the result does not fully support but makes more explicit
Lan and Luc’s suggestions (2020) regarding the direct and positive effects of social
interactions and ties on ADB.
Besides, civicness has positive effects on behavioral goals (0.639) and SNO (0.289),
whereas the relationship of community cohesiveness and behavioral goals or SNO has not
yet been found. This result is a meaningful addition to the theory of SC that past studies
(e.g. Lan and Luc, 2020) have not yet indicated the significant relationships between
civicness and behavioral goals or SNO. Also, the study indicated the direct and positive
effects of generalized social trust (GST) and trust in public services (TPS) on PBC, in where
the regressional weight of TPS is higher (0.343 compared to 0.262). Furthermore, trust in
political institutions (TPI), seen as the third facet beside the two above facets of the
relational dimension of SC, is also found to directly and positively affect behavioral goals.
However, the result does not support our suggestion of the significant relationship
between TPI and PBC. These findings strongly empirically consolidate the suggestions of
Lan and Luc (2020) regarding the direct effects of social trust on determinants of the TPB.
This result also implies the important role of relational SC in creating a network to
exchange and integrate resources to create value or a business advantage, as indicated by
Nahapiet and Ghoshal (2000), Shi et al. (2015), or Corvino et al. (2019). In brief, these
findings significantly contribute to the current literature by providing advancements in
theory.
Finally, the role of behavioral goals in creating IDB is also made more transparent and
affirms the significant effects of ADB, SNO,and PBC on IDB. Behavioral goals indirectly
affect IDB, and then ADB directly affects IDB (0.269). This result consolidates other
scholars’ work (e.g. Murugesan and Jayavelu, 2015; Ting et al., 2016; Aleksandrova et al.,
2019; Lan and Luc, 2020; Wu et al., 2020) regarding the significant effect of ADB on IDB.
Furthermore, the study also shows significant effects of SNO and PBC on IDB (0.275;
0.164). This result increases the representation of the findings of Ting et al. (2016), Lan and
Luc (2020), and Wu et al. (2020) due to research in the other area (i.e. the agribusiness
industry). In short, these findings not only consolidate but also expand the existing
literature. The study also supplies a reliable background to develop suitable practical
implications to push agribusiness diversification, discussed in the next section in more
detail.
JIC 7. Contributions
7.1 Theoretical contributions
First, the study improves the measurement scales of the existing constructs in the emerging
market (i.e. Vietnam) badly affected by COVID-19. All new scales of behavioral goals,
attitude, subjective norms, perceived behavioral control and intention toward diversifying
agribusiness are reliable and valid. These findings significantly contribute to the existing
literature due to providing scales with more suitable measurement indicators for the
agribusiness industry.
Second, this study provides an integrated measurement of SC, which indicates a significant
contribution to SC theory. This new measure has seven facets, including bonding–bridging
SC, linking–corporate SC, generalized social trust, trust in political institutions, trust in public
services, civicness and community cohesiveness, with a total of twenty-eight indicators,
developed based on three dimensions of SC (i.e. structural, cognitive and relational dimensions).
This measurement is indicated to be more adequate and rigorous than existing scales. Thus,
this meaningful contribution is the evidence for the theory advancement, i.e., a supplement of
two new measurement scales of structural and relational dimensions of SC that are seen as two
core components of intellectual capital (Pedro et al., 2019). On the other hand, relevant studies,
for example, examining the impact of SC on specific behavioral intentions, could be strongly
recommended to apply this measurement scale (Whitehead et al., 2019).
Third, the study explores relationships amongst facets of SC, behavioral goals, ADB, SNO,
PBC and IDB toward diversifying agribusiness. This study’s findings clarify the role of SC,
seen as essential intangible resources under the perspective of the RBV, in creating IDB.
Furthermore, the study also provides reliable empirical evidence of ADB, SNO, and PBC’s
direct and positive effects on IDB. These findings not only contribute to a deeper understanding
but also significantly add to the existing literature. Also, the findings imply potential
combinations of the theories of SC, human capital, reputation capital, etc. to create an
integration of various theoretical frameworks in studies of intellectual capital, as suggested by
Bamel et al. (2020).
8.2 Limitation
The current paper offers theory advancements, but it is also not free from certain limitations.
There may still be a lack of consensus on facets of SC. The integrated measurement of SC is
only tested based on agribusinessmen’s responses who are small holders in an emerging
market. The study has also not yet clarified the effect of SC on agribusinessmen’s technology
adoption or business performance. Some other critical intangible resources, such as
reputation capital, symbol capital and human capital have still not been included.
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Corresponding author
Le Dang Lang can be contacted at: ledanglanguel@gmail.com, langld@tdmu.edu.vn
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