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Book Cover
Author Chami, Ralph.

Title Trust as a means of improving corporate governance and efficiency / Ralph Chami and Connel Fullenkamp
Published [Washington, D.C.] : International Monetary Fund, [2002]
Online access available from:
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Description 1 online resource (35 pages) : illustrations
Series IMF working paper ; WP/02/33
IMF working paper ; WP/02/33
Summary Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder, relative to those at firms that use the standard tools. In addition, we show that employees at trusting firms have higher job satisfaction, and that these firms enjoy lower labor cost and higher profits. Finally, we show how trust may also be easier to use within the firm than the standard agency-mitigation tools
Bibliography Includes bibliographical references (pages 33-35)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Corporate governance -- Effect of trust on -- Econometric models
Industrial efficiency -- Econometric models.
Industrial management -- Effect of trust on -- Econometric models
Form Electronic book
Author Fullenkamp, Connel.
IMF Institute.
International Monetary Fund.
ISBN 1281092819