Show Less

Trust and Entrepreneurship

A West–East Perspective

Edited by Hans-Hermann Höhmann and Friederike Welter

In this innovative book, international scholars investigate trust and its role in relation to the entrepreneurial behaviour of small firms across a variety of institutional and cultural settings. The contributors draw on original empirical material from a number of West European and East European countries, highlighting the role of culture and the significance of a multi-disciplinary approach in researching trust and its importance in entrepreneurship.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 10: The Effect of Trust in Courts on the Performance of Ukrainian SMEs

Iryna Akimova and Gerhard Schwödiauer


Iryna Akimova and Gerhard Schwödiauer INTRODUCTION Progressive economic development without private property rights, the assignment of asset control rights and return rights to individuals is hardly imaginable. People would not invest if they could not reap the fruits of their investment. Though it has always been recognised by economists that defining and protecting property rights is one of the prime functions of government, the fulfilment of this task has often been taken for granted. The challenge of guiding the transition of the former socialist economies of Central and Eastern Europe to modern market economies, and the debate on policy reform in developing and emerging economies in general, have brought this topic, in particular the indispensable role of government, again to the forefront of economic theory and policy analysis. The transition from plan to market is fundamentally tantamount to the design and support of an adequate property rights structure by the government. Without the government fulfilling its tasks in this respect (‘good governance’), through its legislative, judiciary and executive branches, property rights cannot be effectively established (for example, Olson 2000; Polishchuk and Savvateev 2004) and efficient market institutions cannot emerge. In transition economics the role of property rights in the restructuring of formerly state-owned firms has been intensely discussed, with an emphasis on ownership structure and corporate governance. The question of the enforcement of commercial and credit contracts is closely related to the design and protection of property rights in a narrow sense. It arises if control rights include the...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.