Governance Structures and Trust: a Study of Real Estate Networks

Boaventura, J.M.G. and Carnaúba, A.A.C. and Todeva, E and Azevedo, A.C. and Armando, E. (2016) Governance Structures and Trust: a Study of Real Estate Networks. Journal on Chain and Network Science, 16 (2). pp. 157-170. ISSN 1875-0931

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Official URL: http://dx.doi.org/10.3920/JCNS2015.0008

Abstract

The present study aimed at verifying how different modes of governance structure are linked to different levels of interorganisational trust. Its theoretical grounding involves Transaction Cost Theory, which studies governance of interorganisational arrangements and research on trust in the business field. A descriptive and quantitative approach has been adopted to describe the relation between trust amongst business network participants and the mode of governance adopted by the surveyed networks. Hence, a detailed questionnaire has been employed, which was answered by 35 real estate agency managers, whose participation was directly linked to 11 business networks. By using Spearman methods of identification of non-parametric correlation and correspondence analysis, it was possible to verify that certain modes of governance structure associate with different levels of trust. Considering the scarcity of quantitative research on the theme, this paper contributes to the field by presenting results which point out that collectively-managed governance of regional cooperation networks is linked to high levels of trust; whereas governance of dispersed networks with the presence of a lead company are linked to low levels of trust. Medium levels of trust were observed in networks governed by an administrative organisation. Considering the practical aspect of administration in networks, one can conclude that the process of governance structure in such interorganisational arrangements should include deliberations about the influence of the adopted mode of governance on trust amongst participants. The paper does not allow generalizations of its conclusions beyond its chosen sample.

Item Type: Journal Article
Subjects: 300 Social sciences > 338 Production, Industry, Tourism
600 Technology > 650 Management & auxiliary services
600 Technology > 658 General management (including Human Resources and Marketing)
School/Department: School of Management and Social Sciences
Depositing User: Emanuela Todeva
Date Deposited: 17 Feb 2017 14:47
Last Modified: 29 Aug 2017 14:52
URI: http://research.stmarys.ac.uk/id/eprint/1381

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