Trustworthiness as an economic asset

Paul N Wilson, Ana M. Kennedy

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

The evaluation of trust in economic decision making remains on the periphery of mainstream economic analysis and teaching. Yet business managers use trustworthiness in daily exchanges to create competitive advantages for their firms. An exploratory empirical test of Barney and Hansen's three levels of trust (weak, semistrong, and strong) and Lewicki and Bunker's portfolio of governance mechanisms revealed that strong-form trust exists in day-to-day business relationships along with other governance mechanisms. Identity-based transactions were more prevalent than were weak trust market exchanges in important economic transactions.

Original languageEnglish (US)
Pages (from-to)179-193
Number of pages15
JournalInternational Food and Agribusiness Management Review
Volume2
Issue number2
StatePublished - Jun 1999

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assets
governance
legal trusts
Economics
economics
economic analysis
decision making
managers
markets
Decision Making
Teaching
testing
Trustworthiness
Assets
Governance mechanisms
Mainstream economics
Economic analysis
Empirical test
Business relationships
Competitive advantage

ASJC Scopus subject areas

  • Food Science
  • Business and International Management

Cite this

Trustworthiness as an economic asset. / Wilson, Paul N; Kennedy, Ana M.

In: International Food and Agribusiness Management Review, Vol. 2, No. 2, 06.1999, p. 179-193.

Research output: Contribution to journalArticle

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