| HBS Working Paper Series
Risky Trust: How Multi-entity Teams Develop Trust in a High Risk Endeavor
This paper explicates the challenge of risky trust, which we define as trust that exists between parties vulnerable to high economic, legal, or reputational risks at individual or organizational levels. Drawing from analyses of data collected in a grounded case study of a multi-million dollar construction project, we identify dimensions, antecedents, and behavioral consequences of risky trust. Undertaken in the U.S. construction industry, a context known for its lack of trust, our study offers insights for trust repair.
Keywords: Interpersonal Communication;
Groups and Teams;
Risk and Uncertainty;