Original Article

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A Trust Crisis

  1. Paola Sapienza1,
  2. Luigi Zingales2,*

Article first published online: 1 JUN 2012

DOI: 10.1111/j.1468-2443.2012.01152.x

Issue

International Review of Finance

International Review of Finance

Special Issue: GOVERNANCE, POLICY AND THE CRISIS: PART II

Volume 12, Issue 2, pages 123–131, June 2012

Additional Information

How to Cite

Sapienza, P. and Zingales, L. (2012), A Trust Crisis. International Review of Finance, 12: 123–131. doi: 10.1111/j.1468-2443.2012.01152.x

Author Information

  1. 1

    Kellogg School of Management, Northwestern University, Evanston, IL

  2. 2

    University of Chicago Booth School of Business, Chicago, IL

*Luigi Zingales
University of Chicago Booth School of Business
Chicago, IL 60637
USA
luigi.zingales@chicagobooth.edu

Publication History

  1. Issue published online: 1 JUN 2012
  2. Article first published online: 1 JUN 2012

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Abstract

We conjecture that the changes in economic activity from late 2008 to early 2009 is due to a drop in trust. We present new survey evidence consistent with this hypothesis.

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