Examining the Relationship between Common Rationality, Collective Decision-making, and Social Capital: A Structural Equation Modelling

This research aims to examine the effect of collective decision-making on social capital. Collective decision-making is about reaching a single decision by the members of a group or society. To accomplish this objective, the correlation among common rationality, collective decision-making, and social capital is assessed. To assess the overall adequacy of the model, the goodness of fit (GOF) measure is employed, yielding a value of 0.563. This criterion signifies that the research model exhibits an appropriate level of overall fit. The findings indicate that the direct pass from common rationality to social capital exhibits a notably low pass coefficient of 0.191. However, the indirect pass-through collective decision-making (as a mediating variable) exhibits higher pass coefficients of 0.691 and 0.589. These figures highlight the significance of utilizing collective decision-making as a means to leverage common rationality for the attainment of social capital.