Trust, owner rights, employee rights and firm performance

Goergen, Marc ORCID: https://orcid.org/0000-0003-4391-2651, Chahine, Salim, Brewster, Chris and Wood, Geoffrey 2013. Trust, owner rights, employee rights and firm performance. Journal Of Business Finance & Accounting 40 (5/6) , pp. 589-619. 10.1111/jbfa.12033

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Abstract

This is a study of variations in trust relationships according to institutional setting. A wide body of comparative institutional literature within economics and finance engages with trust. However, as most of this 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 trust increase firm performance, but that there is a trade-off between the two as high levels of both reduce performance. Finally, both employee rights and investor rights are negatively correlated with country trust.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Uncontrolled Keywords:	corporate governance; trust; investor protection; employment protection legislation; institutions and economic growth
Publisher:	Blackwell Publishing
ISSN:	0306-686X
Last Modified:	25 Oct 2022 08:17
URI:	https://orca.cardiff.ac.uk/id/eprint/52166

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