Trust and contracting

• Main Authors: HILARY, Gilles, HUANG, Sterling
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: Trust; Moral Hazard; Contracting; Accounting; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1730; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2757&context=soa_research
• 機構: Singapore Management University

Prior research has shown that trust has a positive effect on the economic welfare of nations. We investigate this result by analyzing the effect of endowed trust on agency problems within organizations. We find that firms located in U.S. counties where trust is more prevalent suffer less from agency...