Multiple Paths to Institutional-Based Trust Production and Repair: Lessons from the Russian Bank Deposit Market

Organization Studies

Volumn 36, Issue 9, 2015, Pages 1143-1170

  Spicer, Andrew ^a   Okhmatovskiy, Ilya ^b  

^a UNIVERSITY OF SOUTH CAROLINA   (United States)

^b MCGILL UNIVERSITY   (Canada)

Author keywords

economic development; financial crisis; institutions; Russia; state owned enterprises; trust repair

Indexed keywords

EID: 84940201609     PISSN: 01708406     EISSN: 17413044     Source Type: Journal    
DOI: 10.1177/0170840615585334     Document Type: Article

References (59)

1. R.Bachmann (2001). Trust, power and control in trans-organizational relations. Organization Studies, 22, 337–365.
2. R.BachmannA.C.Inkpen (2011). Understanding institutional-based trust building processes in inter-organizational relationships. Organization Studies, 32, 281–301.
3. R.M.BaronD.A.Kenny (1986). The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personal and Social Psychology, 51, 1173–1182.
4. S.BeugelsdijkR.Maseland (2011). Culture in economics: History, methodological reflections and contemporary applications. Cambridge, UK: Cambridge University Press.
5. G.A.BigleyJ.L.Pearce (1998). Straining for shared meaning in organization science: Problems of trust and distrust. Academy of Management Review, 23, 405–421.
6. I.Bremmer (2010). The end of the free market: Who wins the war between states and corporations. New York, NY: Portfolio.
7. O.Butzbach (2013). Trust in banks. Paper presented at the EGOS 2013 colloquium in Montreal.
8. M.K.CamaraF.Montes-Negret (2006). Deposit insurance and banking reform in Russia. Washington, DC: World Bank.
9. Central Bank of Russia (2013). Deposits of individuals accepted by credit institutions. Retrieved from http://www.cbr.ru/eng/statistics/default.aspx?prtid=pdko_sub
10. L.ChernykhR.A.Cole (2011). Does deposit insurance improve financial intermediation? Evidence from the Russian experiment. Journal of Banking and Finance, 35, 388–402.
11. J.ChildG.Möllering (2003). Contextual confidence and active trust development in the Chinese business environment. Organization Science, 14, 69–80.
12. T.S.ChoD.C.Hambrick (2006). Attention as the mediator between top management team characteristics and strategic change: The case of airline deregulation. Organization Science, 17, 453–469.
13. A.Demirgüç-KuntE.J.Kane (2002). Deposit insurance around the globe: Where does it work?Journal of Economic Perspectives, 16, 175–195.
14. Deposit Insurance Agency (2008). A review of the market for household deposits in 2007. Moscow, Russia: DIA.
15. Deposit Insurance Agency (2010). A review of the market for household deposits in 2009. Moscow, Russia: DIA.
16. V.Fedorin (2001). One must share. Business and Finance, 96, June4, 2001 [in Russian]. Retrieved from http://www.rb-inform.ru/cite/vn040601.htm
17. M.Fuchs (2002). Building trust: Developing the Russian financial sector. Washington, DC: World Bank.
18. A.Gerschenkron (1962). Economic backwardness in historical perspective. Cambridge, MA: Harvard University Press.
19. C.B.GibsonJ.Birkinshaw (2004). The antecedents, consequences, and mediating role of organizational ambidexterity. Academy of Management Journal, 47, 209–226.
20. N.GillespieR.HurleyG.DietzR.Bachmann (2012). Restoring institutional trust after the global financial crisis: A systemic approach. In R.KramerT.Pittinsky (Eds.), Restoring trust in organizations and leaders: Enduring challenges and emerging answers (pp. 185–215). Oxford, UK: Oxford University Press.
21. Y.GongO.ShenkarY.LuoM.K.Nyaw (2007). Do multiple parents help or hinder international joint venture performance? The mediating roles of contract completeness and partner cooperation. Strategic Management Journal, 28, 1021–1034.
22. H.Hale (2011). The myth of mass Russian support for autocracy: The public opinion foundations of a hybrid regime. Europe-Asia Studies, 63, 1357–1375.
23. H.HaleM.McFaulT.Colton (2004). Putin and the ‘delegative democracy’ trap: Evidence from Russia’s 2003–04 elections. Post-Soviet Affairs, 20, 285–319.
24. R.Hardin (2002). Trust and trustworthiness. New York, NY: Russell Sage Foundation.
25. A.O.Hirschman (1970). Exit, voice, loyalty. Cambridge, MA: Harvard University Press
26. D.IacobucciN.SaldanhaX.Deng (2007). A meditation on mediation: Evidence that structural equations models perform better than regressions. Journal of Consumer Psychology, 17, 139–153.
27. J.Johnson (2000). A fistful of rubles: The rise and fall of the Russian banking system. Ithaca, NY: Cornell University Press.
28. S.JonssonH.R.GreveT.Fujiwara-Greve (2009). Undeserved loss: The spread of legitimacy loss to innocent organizations in response to reported corporate deviance. Administrative Science Quarterly, 54, 195–228.
29. A.KarasW.PyleK.Schoors (2009). The effect of deposit insurance on market discipline: Evidence from a natural experiment on deposit flows. Middlebury College Economics Discussion Paper (09-05).
30. B.KogutA.Spicer (2002). Capital market development and mass privatization are logical contradictions: Lessons from Russia and the Czech Republic. Industrial and Corporate Change, 11, 1–37.
31. T.Kostova (1999). Transnational transfer of strategic organizational practices: A contextual perspective. Academy of Management Review, 24, 308–324.
32. R.La PortaF.Lopez-De-SilanesA.Shleifer (2002). Government ownership of banks. Journal of Finance, 57, 265–301.
33. Levada Center. (2010). “Monitoring” Survey Sampling. Retrieved from http://www.levada.ru/eng/sample1.htm/
34. M.Levi (1998). A state of trust. In V.BraithwaiteM.Levi (Eds.), Trust and governance (pp. 77–101). New York, NY: Russell Sage Foundation.
35. N.Lin (2011). Capitalism in China: A centrally managed capitalism (CMC) and its future. Management and Organization Review, 7, 63–96.
36. G.S.LiuP.Sun (2005). Ownership and control of Chinese public corporations: A state-dominated corporate governance system. In K.KeaseyS.ThompsonM.Wright (Eds.), Corporate governance (pp. 389–414). Chichester, UK: John Wiley & Sons.
37. S.Markus (2014). Property, predation, and protection: Piranha capitalism in Russia and the Ukraine. New York, NY: Cambridge University Press.
38. G.Möllering (2006). Trust, institutions, agency: Toward a neoinstitutional theory of trust. In R.BachmanA.Zaheer (Eds.), Handbook of trust research (pp. 355–376). Cheltenham, UK: Edward Elgar Publishing.
39. G.Möllering (2013). Process views of trusting and crises. In R.BachmannA.Zaheer (Eds.), Handbook of advances in trust research. Cheltenham, UK: Edward Elgar Publishing.
40. A.MusacchioS.G.Lazzarini (2012). Leviathan in business: Varieties of state capitalism and their implications for economic performance. Harvard Business School working paper.
41. G.O’Donnell (1994). Delegative democracy. Journal of Democracy, 5, 55–69.
42. I.Okhmatovskiy (2010). Performance implications of ties to the government and SOEs: A political embeddedness perspective. Journal of Management Studies, 47, 1020–1047.
43. Organization for Economic Cooperation and Development (2005). Corporate governance of state-owned enterprises: A survey of OECD countries. Paris, France: OECD Publications.
44. J.L.Pearce (2001). Organization and management in the embrace of government. Mahwah, NJ: Lawrence Erlbaum Associates.
45. K.J.PreacherM.J.ZyphurZ.Zhang (2010). A general multilevel SEM framework for assessing multilevel mediation. Psychological Methods, 15, 209–233.
46. S.M.PufferD.J.McCarthy (2007). Can Russia’s state-managed, network capitalism be competitive? Institutional pull versus institutional push. Journal of World Business, 42(1), 1–13.
47. D.A.RalstonJ.Terpstra-TongR.H.TerpstraX.WangC.Egri (2006). Today’s state-owned enterprises in China: Are they dying dinosaurs or dynamic dynamos?Strategic Management Journal, 27, 825–843.
48. A.N.RaoJ.L.PearceK.Xin (2005). Governments, reciprocal exchange and trust among business associates. Journal of International Business Studies, 36, 104–118.
49. D.Robinett (2006). Held by the visible hand: The challenge of state-owned enterprise corporate governance for emerging markets. World Bank Corporate Governance, 1–39. Retrieved from http://rru.worldbank.org/Documents/Other/CorpGovSOEs.pdf/
50. P.SapienzaL.Zingales (2012). A trust crisis. International Review of Finance, 12, 123–131.
51. S.P.Shapiro (1987). The social control of impersonal trust. American Journal of Sociology, 93, 623–658.
52. A.ShleiferR.W.Vishny (1998). The grabbing hand. Cambridge, MA: Harvard University Press.
53. M.E.Sobel (1982). Asymptotic confidence intervals for indirect effects in structural equation models. Sociological Methodology, 13, 290–312.
54. A.SpicerW.Pyle (2002). Institutions and the vicious circle of distrust in the Russian household deposit market: 1992–1999. In P.IngramB.S.Silverman (Eds.), The new institutionalism in strategic management (pp. 373–398). Oxford, UK: Elsevier Science Ltd.
55. W.Tompson (2004). Banking reform in Russia: Problems and prospects. Paris, France: OECD.
56. J.WangD.GuthrieZ.Xiao (2012). The rise of SASAC: Asset management, ownership concentration, and firm performance in China’s capital markets. Management and Organization Review, 8, 253–281.
57. M.J.Whincop (2005). Corporate governance in government corporations. Aldershot, UK: Ashgate Publishing Ltd.
58. P.J.ZakS.Knack (2001). Trust and growth. Economic Journal, 111(470), 295–321.
59. L.G.Zucker (1986). Production of trust: Institutional sources of economic structure, 1840–1920. Research in Organizational Behavior, 8, 53–112.