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Honesty and trust in economic relationships

Honesty and trust in economic relationships Trust is not a homogeneous phenomenon. In economic relationships different trust structures are at work, including distrust, negative trust and lack of trust. Perceived honesty and competence co‐determine the trust structures economic agents have in their interactions with others. Trust structures influence the way agents engage in economic relationships. Honesty and competence should be developed to improve trust in economic relationships. Ethics is not a luxury of advanced economies, it is an indispensable means to foster economic development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

Honesty and trust in economic relationships

Management Research News , Volume 27 (7): 6 – Jul 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0140-9174
DOI
10.1108/01409170410784257
Publisher site
See Article on Publisher Site

Abstract

Trust is not a homogeneous phenomenon. In economic relationships different trust structures are at work, including distrust, negative trust and lack of trust. Perceived honesty and competence co‐determine the trust structures economic agents have in their interactions with others. Trust structures influence the way agents engage in economic relationships. Honesty and competence should be developed to improve trust in economic relationships. Ethics is not a luxury of advanced economies, it is an indispensable means to foster economic development.

Journal

Management Research NewsEmerald Publishing

Published: Jul 1, 2004

Keywords: Honesty; Competence; Trust structure; Social categorisations; Economic strategies

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