Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2009
We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of … headquartered in high trust regions are more likely to decentralize, with trust accounting for about half of the variation in … bilateral trust between the multinational's country of origin and subsidiary's country of location increases decentralization …