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encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce … an analysis of recent literatures on risk, trust and reputation that links it to broader developments in society. …Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk …
Persistent link: https://www.econbiz.de/10010744830
. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …
Persistent link: https://www.econbiz.de/10010746546
to trust, and specifically that admiring the president is strongly related to trust in government. Using this link we can … provide information on trends in trust on a consistent basis back to the late 1940s, earlier than most other data sources …
Persistent link: https://www.econbiz.de/10011126364
Existing studies of trust formation in U.S. metropolitan areas have found that trust is lower when there is more income … groups (racial income inequality). I find that greater racial income inequality reduces trust. Also, racial fragmentation is … no longer a significant determinant of trust once racial income inequality is accounted for. I also show that racial …
Persistent link: https://www.econbiz.de/10011183328
This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, defined as the socialwelfare loss that results from the regime's inability to...
Persistent link: https://www.econbiz.de/10010746149
-high correlation state. A wider implication of our findings is that accumulation of stocks might alter agents risk preferences …
Persistent link: https://www.econbiz.de/10011126533
‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial institutions. They are remotely comparable to security interests as they provide a financial institution with a considerably better position as compared to other creditors should...
Persistent link: https://www.econbiz.de/10011264787
Persistent link: https://www.econbiz.de/10005776299
This paper looks at the advantages and disadvantages of mixing banking and commerce, using the "liquidity" approach to financial intermediation. Adding a commercial firm makes it easier for a bank to dispose of assets seized in a loan default. This 'internal market' increases the liquidity of...
Persistent link: https://www.econbiz.de/10005475173
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …
Persistent link: https://www.econbiz.de/10010744849