The study examines the effect of outside options on trust and trustworthiness. Building on the logic of self-justification and escalation, it is hypothesized that parties who have invested in outside options will behave in a less trustworthy (and more self-serving) manner with their exchange...

The empirical study was undertaken to critically analyse if there was any other value other than the calculated market value during the time of the merger of the two property funds listed on the Johannesburg Securities Exchange. In doing so, the real options technique is used, because according...