Trust, Risk, and Shareholder Decision Making
本文提出信任是股东决策模型中风险变量的前因，解释信任如何影响投资者对管理层和市场的隐含信任，从而影响持股决策。
Shareholders’ relationship to the firm is a central theme in corporate governance, yet the investors’ perspective has been virtually ignored in governance research. This paper attempts to explain the previously unexplored role of trust in the investor decision-making process. The proposed model suggests that trust acts as the antecedent of the risk variable in existing investor decision-making models. Stock ownership involves both financial and ethical risk, which by definition requires some level of implicit trust in management and the market.