Published in:European Corporate Governance Institute (ECGI) - Finance Working Paper ; No. 336/2012
Extent:
1 Online-Ressource (53 p)
Language:
English
DOI:
10.2139/ssrn.2115108
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 21, 2012 erstellt
Description:
This is a study of variations in trust relations according to institutional setting. A wide body of comparative institutional literature within economics and finance engages with trust. However, as most comparative institutional literature uses macro-level data and/or stylistic ideal types, it normally neglects intra-firm trust. This paper redresses this lacuna by using both macro-level data and comparative firm-level evidence. We found that both country trust and firm-level trust have a positive impact on performance, and that they act as substitutes for each other. Both employee rights and investor rights are negatively correlated with country trust