The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
Trust, Investment, and Business Contracting
Abstract
How does trust affect business contracting at the firm level? We analyze the case of foreign high-tech companies investing in China, where the risk of expropriation of their intellectual property is high. We find that firms mitigate this type of risk by taking local trustworthiness into account when making investment decisions. Firms prefer to invest in regions where local partners and employees are considered more trustworthy; they are also more likely to establish joint ventures and to make greater research and development investments. We employ instrumental variable regressions and dynamic panel generalized method of moments estimators to alleviate endogeneity concerns and control for time-invariant heterogeneity.
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Cited by
The Impact of Social Trust on the Development of Digital Finance
Zeng, F., & Hu, B. (2025) · International Journal of Financial Studies · doi:10.3390/ijfs13040232 · Cited by 6
Metadata
- Authors
- Ang, J. S., Cheng, Y., & Wu, C.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2015-06
- Volume
- 50
- Issue
- 3
- Pages
- 569-595
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W1257638938
- Cited by
- 257
- References
- 36
- FWCI
- 23.40
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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