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- W3124775807 abstract "Social trust is associated with good economic performance, but little is known about the transmission mechanisms connecting trust and performance. We explore the effect of trust on delegation decisions. In a theoretical framework, we note that delegation is a low-cost option when management decisions can be implemented without monitoring. This option is, however, risky and more likely to be profitable in higher-trust environments. In a set of cross-country regressions, we show a strong association between trust and delegation, which is increasing in economic sophistication." @default.
- W3124775807 created "2021-02-01" @default.
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- W3124775807 date "2017-08-01" @default.
- W3124775807 modified "2023-09-30" @default.
- W3124775807 title "Trust and delegation: Theory and evidence" @default.
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- W3124775807 doi "https://doi.org/10.1016/j.jce.2016.02.002" @default.
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