 Cultural Aspects of Trust in Business RelationshipsTibor Mandják () and
Noemi Piricz
Post-Print from HAL Abstract: Trust is one of the basic elements of cooperation and network building. Trust is an especially crucial factor in the shift from discrete market transactions to continuous exchange relationships. The aim of this paper is to investigate the complex effects of trust and cultural differences among organizations in existing business relationships. In this empirical paper, we used quantitative research methods and analysed 315 valid questionnaires received from organizations registered in Hungary, independent of size and economic sector. The valid questionnaires were analysed by SPSS (PASW) software using factor analysis and regressions. We understand that trust is that culture has an influencing role on trust. Due to the lack of a widely-accepted definition of trust in business and what determines it, this quantitative research may bring new thoughts to researchers or even support earlier models as well. Investigation of trust and its variables is useful for managers as well because when they are able to apply trust and its building elements efficiently, they may develop a relatively stable competitive advantage Keywords: Economic competition; Business partnerships; Economic activity; Factor analysis; Cross-cultural differences (search for similar items in EconPapers) Published in International Journal of Business Insights & Transformation, 2016, 9 (2), pp.4-10 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02075913 Access Statistics for this paper More papers in Post-Print from HAL |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.