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Article
Trust After the Global Financial Meltdown
Business and Society Review (2012)
  • P. werhane, DePaul University
  • laura hartman, DePaul University
  • d. bevan
  • k. clark, DePaul University
  • c. archer, Northwestern University
Abstract

Over the last decade, and culminating in the 2008 global financial meltdown, there has been an erosion of trust and a concomitant rise of distrust in domestic companies, multinational enterprises, and political economies. In response to this attrition, this paper presents three arguments. We propose that the stakes of violating public trust are particularly high in light of the asymmetry between trust and distrust; we identify a constellation of key barriers to overcoming distrust that companies face in the current environment; and we argue that, notwithstanding these challenges, these phenomena are not fatal and can be addressed through a holistic transformation in corporate culture. We conclude that, without a reinvigoration of trust in our political economies, at all levels, the future of an economically vibrant planet is indeed bleak.

Keywords
  • trust,
  • financial markets,
  • financial meltdown
Publication Date
2012
Citation Information
P. werhane, laura hartman, d. bevan, k. clark, et al.. "Trust After the Global Financial Meltdown" Business and Society Review Vol. 116 Iss. 4 (2012)
Available at: http://works.bepress.com/laurahartman/48/