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Trust in Comparative Perspective: An Economic Sociology Approach to the Issue of Corporate Governance

The concept of 'trust' (as well as that of term 'risk') appear to have settled in the social sciences, resulting in a lively discussion at both theoretical and empirical levels. One can safely say that the issue of trust has become a fashionable object of analysis in the humanities, which eventually led to a lively discussion on its consequences on the relations between individuals, between individuals and the institutions or between institutions. The main purpose of this paper is to apply the concept of trust in the analysis of two models of corporate governance. To capture as many aspects as possible (primarily) differentiating these two socio-economic models, I decided to refer to the approach of economic sociology, which, in addition to purely economic determinants takes into account the effect of social or cultural factors.