Conceptualizing dynamics of trust in business relationships

Yimin Huang, Ian F. Wilkinson

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

This paper aims to conceptualize the dynamics of trust in business relationships by identifying its dimensions, processes and determinants. The research employs empirical data obtained from a longitudinal case study of a 10-year business relationship. Event-based narrative analysis, assisted by the computer software of ETHNO, is used in data analysis. This research reveals a key conceptual distinction between trusting attitudes and trusting actions that compose the dynamic nature of trust in business relationships. An analytical framework is developed to show how these two dimensions evolve through distinct but connected processes that are embedded in relationship evolution and affected by different contextual determinants. This research is among the first efforts to formally conceptualize the dynamics of trust in business relationships using empirical studies. The findings are of value to managers in terms of how to interpret the behaviours of their partners more appropriately and how to design better strategies for developing, maintaining and using trust in business relationships. The trust developed between partner firms is not a real competitive advantage of the relationship until it is activated, therefore, managers should also pay attention to the contextual factors that breed partner firms' intentions to engage in trusting actions to promote the relationship development.
Original languageEnglish
Title of host publicationProceedings of the 29th annual IMP conference
PublisherIndustrial Marketing and Purchasing (IMP) Group
Pages1-19
Number of pages19
Publication statusPublished - 2013
EventIndustrial and Marketing Purchase Group Conference (29th : 2013) - Atlanta, Georgia, USA
Duration: 30 Aug 20132 Sep 2013

Conference

ConferenceIndustrial and Marketing Purchase Group Conference (29th : 2013)
CityAtlanta, Georgia, USA
Period30/08/132/09/13

Keywords

  • dynamics
  • trust
  • context
  • interaction
  • business relationships

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  • Cite this

    Huang, Y., & Wilkinson, I. F. (2013). Conceptualizing dynamics of trust in business relationships. In Proceedings of the 29th annual IMP conference (pp. 1-19). Industrial Marketing and Purchasing (IMP) Group.