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A low-trust society is defined as one in which interpersonal trust is relatively low, and shared ethical values are lacking. [1] Conversely, a high-trust society is one where interpersonal trust is relatively high, and where ethical values are strongly shared.
Other than M&T Bank, Northern Trust was the only bank in the S&P 500 Index not to lower its dividend during the financial crisis of 2007–2008. [ 25 ] In November 2008, the United States Department of the Treasury invested $1.5 billion in the company as part of the Troubled Asset Relief Program and in June 2009, the company repurchased the ...
Societies that embrace these values have high levels of national pride and a nationalistic outlook. [2] Secular-rational values have the opposite preferences to the traditional values. Societies that embrace these values place less emphasis on religion, traditional family values and authority. Divorce, abortion, euthanasia and suicide are seen ...
A low-trust society is defined as one in which interpersonal trust is relatively low, and shared ethical values are lacking. [28] Conversely, a high-trust society is one where interpersonal trust is relatively high, and where ethical values are strongly shared.
Trust culture stands for disseminated in society rules which oblige every citizen to treat trust and trustworthiness as common shared values. In this culture well-rooted norm is to redeem the obligations, be honest, open to collaborate with others. Trust culture negates the existence of corruption.
Hofstede's cultural dimensions theory is a framework for cross-cultural psychology, developed by Geert Hofstede.It shows the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis.
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In knowledge-based trust, some knowledge is known of the trustee and this allows the trustor to understand and predict the trustee's actions. Identification-based trust allows for one member to act as an agent for another member because they identify with each other based on their common goals and shared values. [5]