An appraisal of social capital and its influence on business success among traders in Agbor, Ika North East Local Government Area, Delta State
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Background of the Study
Social capital, defined by the networks and relationships within communities, is a critical determinant of business success among traders in Agbor, Ika North East Local Government Area, Delta State. In this context, trust, reciprocity, and community engagement underpin successful business transactions and foster collaborative opportunities (Nwankwo, 2023). Traders rely on established networks for market information, credit access, and collective bargaining, which significantly enhances their competitive advantage (Eze, 2024). The role of social capital is particularly evident in informal trading environments where formal institutional support is minimal. Studies have shown that robust social networks contribute to increased business resilience and innovation (Okafor, 2025). This study examines the influence of social capital on business success by analyzing the dynamics of trader networks, the nature of inter-personal relationships, and the overall impact on commercial performance in Agbor. By understanding these social dimensions, the research aims to provide actionable insights into how social capital can be leveraged to improve business outcomes in informal economies.
Statement of the Problem
Despite the recognized importance of social capital for business success, traders in Agbor continue to experience challenges in fully capitalizing on their social networks. Inadequate formal support and varying levels of trust among traders hinder the effective utilization of social capital, affecting credit access and market competitiveness (Uche, 2024). This study addresses the gap in understanding the specific ways in which social capital influences business success among traders, identifying key obstacles and opportunities to optimize network benefits.
Objectives of the Study:
• To evaluate the role of social capital in enhancing business success among traders.
• To identify barriers limiting effective network utilization.
• To propose strategies for strengthening social capital to boost business performance.
Research Questions:
• How does social capital influence the business success of traders in Agbor?
• What are the major challenges traders face in leveraging social networks?
• What strategies can enhance the effective use of social capital in trade?
Research Hypotheses:
• H1: High levels of social capital significantly correlate with improved business performance.
• H2: Inadequate trust among traders negatively impacts business success.
• H3: Strengthening network ties leads to enhanced market competitiveness.
Significance of the Study
This study highlights the pivotal role of social capital in determining business success among traders in Agbor. Its findings will provide valuable insights for traders and policymakers to enhance network structures and trust-building measures (Egbuna, 2023; Oko, 2025). The recommendations aim to optimize social capital, thereby promoting improved economic performance and business resilience in informal trade settings.
Scope and Limitations of the Study:
This study is limited to appraising the influence of social capital on business success among traders in Agbor, Ika North East Local Government Area, Delta State. It focuses on network dynamics and interpersonal trust, excluding broader institutional factors. Data are sourced exclusively from local trader communities.
Definitions of Terms:
• Social Capital: The networks, trust, and norms that facilitate cooperation and economic transactions.
• Business Success: Measurable outcomes such as profitability, market share, and growth in trade.
• Informal Trade: Economic activities conducted outside formal regulatory frameworks.
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