Abstract:
F. Fukuyama's thesis argues that trust between economic players is a key factor for explaining performance. This contribution examines recent findings by La Porta et al. [1997] who have verified F. Fukuyama's thesis on a sample of forty countries. Using the same database, we conduct an empirical investigation on European countries. We then compare France and Germany. Confirming part of F. Fukuyama's thesis, France appears as a "low trust" society while Germany is a "high trust" society. However, there is no significant link between trust and overall economic performance across the two countries. This leads us to suggest avenues for future research which focus on micro-mechanisms of trust in business.
Revue Finance Contrôle Stratégie is edited by Albert David
More articles in Revue Finance Contrôle Stratégie from Editions Economica Address: 49,rue Héricart,75015 Paris, France Series data maintained by Gérard Charreaux ().
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