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Honesty and trust in economic relationships

Laszlo Zsolnai (Business Ethics Center, Budapest University of Economic Sciences, Budapest 5, PO Box 489, 1828 Hungary)

Management Research News

ISSN: 0140-9174

Article publication date: 1 July 2004

Abstract

Trust is not a homogeneous phenomenon. In economic relationships different trust structures are at work, including distrust, negative trust and lack of trust. Perceived honesty and competence co‐determine the trust structures economic agents have in their interactions with others. Trust structures influence the way agents engage in economic relationships. Honesty and competence should be developed to improve trust in economic relationships. Ethics is not a luxury of advanced economies, it is an indispensable means to foster economic development.

Keywords

Citation

Zsolnai, L. (2004), "Honesty and trust in economic relationships", Management Research News, Vol. 27 No. 7, pp. 57-62. https://doi.org/10.1108/01409170410784257

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited