Trust is the fundamental facilitator between actors in society, yet the past decade has seen the public openly question through demonstrations and elections whether business and political institutions deserve the trust society has placed in themor whether the common person has been abandoned in...

This book examines the efforts of major Icelandic economic institutions to regain the public's trust, 10 years after the financial crisis that ruined personal savings and fostered anger towards business and politics. The studies collected here provide insights into restoring relationships...

The authors of this chapter consider that the collapse of the financial sector and subsequent economic crisis in Iceland in 2008 was brought about by its entire business culture, which was not as strong, open, and transparent as that of many other developed countries. The weak business culture...

This chapter examines the formal governance mechanisms put in place by various authorities within Iceland after the crash. In contrast to one of our earlier papers ( Bryant, Sigurjónsson, & Mixa, 2014 ), we find that, no matter how well the mechanisms work, formal mechanisms are insufficient to...