Modelling trust evolution within small business lending relationships

Show simple item record Tang, Ying Moro, Andrea Sozzo, Sandro Li, Zhiyong 2018-09-11T10:18:53Z 2018-09-11T10:18:53Z 2018-09-01
dc.identifier.citation Ying Tang, Andrea Moro, Sandro Sozzo and Zhiyong Li. Modelling trust evolution within small business lending relationships. Financial Innovation, 2018, Vol. 4, Iss.19. en_UK
dc.identifier.issn 2199-4730
dc.description.abstract Trust is a key dimension in the principal-agent relationship and it has been studied extensively. However, the dynamics, evolution, and intrinsic motivation and mechanisms have received less attention. This paper investigates the intrinsic motivation of trust and it proposes a theoretical model of trust evolution that is based on the notion of ‘trust response’ and ‘trust spiral’. We then specifically focus on trust within the lending relationship between banks and small businesses, and we run numerical simulations to further illustrate the evolution of involved mutual trust over time. Our model provides implications for future research in both trust evolution and small business lending relationships. en_UK
dc.language.iso en en_UK
dc.publisher Springer en_UK
dc.rights Attribution 4.0 International *
dc.rights.uri *
dc.subject Trust en_UK
dc.subject Spiral en_UK
dc.subject Small business lending en_UK
dc.subject Reciprocity en_UK
dc.subject Altruism en_UK
dc.title Modelling trust evolution within small business lending relationships en_UK
dc.type Article en_UK

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