El Ghoul, Sadok; Gong, Jason; Guedhami, Omrane; Hou, … - 2022
We investigate whether social trust improves corporate innovation. Based on a comprehensive firm- level panel dataset …, firms in high-trust countries have higher innovation output as measured by number of patents and citations. We also find … that greater trust is associated with i) higher levels of innovation investment, ii) less volatile innovation investment …