2018
DOI: 10.5937/sjm13-16649
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Affecting determinants of trust in business relationships

Abstract: In psychology trust is considered as an attribute of the trustors and trustees relationship (Rousseau et al., 1998; Karpik, 2014). In sociology Simmel (1908) points out that confidence is an intermediate between knowledge and ignorance about a man, which is a logical consequence of the view that complete knowledge or ignorance

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Cited by 4 publications
(4 citation statements)
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“…Theoretically, the satisfaction level that connects the business to a costumer or to another business, may cause further development of a company or the opposite of it (Piricz, 2018). Nonparticipation of these components in the whole process, starting by product characteristics until the passage of that into costumers hands, causes dissatisfaction.…”
Section: Conflict Between Trading Partnersmentioning
confidence: 99%
“…Theoretically, the satisfaction level that connects the business to a costumer or to another business, may cause further development of a company or the opposite of it (Piricz, 2018). Nonparticipation of these components in the whole process, starting by product characteristics until the passage of that into costumers hands, causes dissatisfaction.…”
Section: Conflict Between Trading Partnersmentioning
confidence: 99%
“…Social exchange theory is used as the main theoretical reference (Chung et al, 2016;Dutta et al, 2020;Leonidou, Aykol, Fotiadis et al, 2017;Leonidou, Aykol, Spyropoulou et al, 2017;Piricz, 2018;Sales-Baptista, 2014;Visentin and Scarpi, 2012;Zunk, 2015;. This theory focuses on the exchange of resources (material and non-material) through social interactions (Emerson, 1976) It asserts that transactional exchange alone falls short of comprehensively elucidating the behavior of parties within an exchange relationship (Cook and Emerson, 1978).…”
Section: Theoretical References Of the Articlesmentioning
confidence: 99%
“…Trust is considered as an important factor in cooperation between two or more partners (Fulmer & Gelfand, 2012) including institutional trust (Alkhurshan & Rjoub, 2020;Bencsik et al, 2020;Çera, Meço, et al, 2019;Civelek et al, 2019). It is an essential determinant of a successful buyer-seller relationship (Batt, 2000;Piricz, 2018). A buyer's trust in their supplier decreases the risk associated with opportunistic behaviour, increases the buyer's confidence that short-term inequities would be resolved, and lowers transaction costs (Czernek et al, 2017).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Accordingly, such change leads to the development of better relationships (i.e., high in trust and low in conflict). It is well accepted by researchers that trust plays an important role in business relationships (Franklin & Marshall, 2019;Piricz, 2018;Pirson et al, 2019;Tarí et al, 2020) by reducing transaction costs (Czernek et al, 2017;Schomaker & Bauer, 2020).…”
Section: Introductionmentioning
confidence: 99%