, we investigate the effect of two important dimensions of a country’s culture, societal trust and risk avoidance, on risk … taking by insurance firms around the world between 2001 and 2014. We measure societal trust and risk avoidance using the … trust and insurer risk taking in a country, while there is a negative and significant association between the level of risk …

This paper finds evidence that more democratic political institutions increase trust. Second generation immigrants with … country, those whose father was born in a more democratic country express higher trust than those whose father was born in a …

Trust among individuals of a society is an important dimension of social capital and may have different economic and … development implications. The present study is an attempt to investigate the relationship of trust with economic growth and human … development. It is unique in at least two different aspects. Firstly, it has used an index for quantifying trust which may be more …