TY - JOUR
T1 - Trust as the antidote to Brexit and COVID-19
T2 - explaining how Danish SMEs’ confidence in the future of their British partnerships associates with trust
AU - Jørgensen, Poul Erik Flyvholm
AU - Leila Trapp, N.
AU - Svendsen, Gert Tinggaard
AU - Nielsen, Line Skov
N1 - Publisher Copyright:
Copyright © 2024 Inderscience Enterprises Ltd.
PY - 2024
Y1 - 2024
N2 - Trust is key to successful trading relationships and is believed to be essential in maintaining confidence in their future, particularly if exposed to game-changing events. Thus, this study examines how 193 Danish small and medium-sized enterprises’ (SMEs) trust levels and their perceptions of how this trust is composed correlate with their confidence in the future of trading with their British business partners in the context of Brexit and COVID-19 towards the end of the so-called “transition period”. The survey shows that when Danish CEOs have high levels of trust in their business partner, they also have strong confidence that a valued business relationship will survive exposure to disruptive exogenous events. The survey also shows that the trust dimensions recognised as either expertness, truthfulness, or attentiveness in a business partner are almost equally valued and correlate equally with the respondents' confidence in the future.
AB - Trust is key to successful trading relationships and is believed to be essential in maintaining confidence in their future, particularly if exposed to game-changing events. Thus, this study examines how 193 Danish small and medium-sized enterprises’ (SMEs) trust levels and their perceptions of how this trust is composed correlate with their confidence in the future of trading with their British business partners in the context of Brexit and COVID-19 towards the end of the so-called “transition period”. The survey shows that when Danish CEOs have high levels of trust in their business partner, they also have strong confidence that a valued business relationship will survive exposure to disruptive exogenous events. The survey also shows that the trust dimensions recognised as either expertness, truthfulness, or attentiveness in a business partner are almost equally valued and correlate equally with the respondents' confidence in the future.
KW - Brexit
KW - confidence
KW - COVID-19
KW - credibility
KW - inter-organisational trust
KW - relationship maintenance
KW - small and medium-sized enterprises
KW - SMEs
KW - uncertainty
UR - http://www.scopus.com/inward/record.url?scp=85194902027&partnerID=8YFLogxK
U2 - 10.1504/IJGSB.2024.138680
DO - 10.1504/IJGSB.2024.138680
M3 - Journal article
AN - SCOPUS:85194902027
SN - 1479-3059
VL - 14
SP - 62
EP - 85
JO - International Journal of Globalisation and Small Business
JF - International Journal of Globalisation and Small Business
IS - 1
ER -