Efeito dos Riscos Percebidos sobre a Confiança e as Decisões de Investimento e Financiamento

Domingos Dalmolin; Kenny Basso; Danúbia Reck; Claudionor Guedes Laimer; Vitor Francisco Dalla Corte

doi:10.51341/1984-3925_2019v22n2a6

Authors

Domingos Dalmolin Programa de Pós-Graduação em Contabilidade. Universidade do Vale do Rio dos Sinos (UNISINOS) http://orcid.org/0000-0002-2102-9756
Kenny Basso Cooperando Inteligência + Interação B-LAB Learning Space http://orcid.org/0000-0003-2853-0903
Danúbia Reck IMED Business School - Faculdade Meridional - IMED http://orcid.org/0000-0003-2637-8231
Claudionor Guedes Laimer IMED Business School - Faculdade Meridional - IMED http://orcid.org/0000-0001-5696-8043
Vitor Francisco Dalla Corte IMED Business School - Faculdade Meridional - IMED http://orcid.org/0000-0002-4620-0601

DOI:

https://doi.org/10.51341/1984-3925_2019v22n2a6

Keywords:

Trust, Relationship, Investment, Financing, Perceived risks.

Abstract

Objective: Given the role of trust and risks perceived by the financial manager in his relationship with the financial institution, this study seeks to verify the moderating role of perceived risks in the relationship between trust and investment decisions and organizational financing.

Method: The study was carried out through a survey of 232 financial managers.

Originality: This study shows how the characteristics of the relationship between the financial manager and the financial institution influence the decision-making processes of investment and financing.

Results: The results show that trust displays a positive linear effect on the investment decision, but it does not present a linear relationship with the financing decision. Higher levels of risk perception increase the effect of trust in the investment decision, while under conditions of low risk perception, trust influences the financing decision.

Theoretical contributions: In theoretical terms, these results contribute to fill a gap in the search for the effects of manager's trust in the financial institution. Specifically, this study elucidated that trust displays a different effect on investment and financing decisions.

Managerial contributions: Financial institutions may, concerning management, assess under which conditions establishing trust relationships are most important in determining investment or financing decisions by the financial manager.

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Author Biographies

Domingos Dalmolin, Programa de Pós-Graduação em Contabilidade. Universidade do Vale do Rio dos Sinos (UNISINOS)

Doutorando em Contabilidade. Programa de Pós-Graduação em Contabilidade. Universidade do Vale do Rio dos Sinos (UNISINOS)

Kenny Basso, Cooperando Inteligência + Interação B-LAB Learning Space

Doutor em Administração. Pesquisador na Cooperando Inteligência + Interação e CEO no B-LAB Learning Space

Danúbia Reck, IMED Business School - Faculdade Meridional - IMED

Mestre em Administração. IMED Business School - Faculdade Meridional - IMED

Claudionor Guedes Laimer, IMED Business School - Faculdade Meridional - IMED

Doutor em Administração. Professor e Pesquisador do Programa de Pós-Graduação em Administração da IMED Business School - Faculdade Meridional - IMED.

Vitor Francisco Dalla Corte, IMED Business School - Faculdade Meridional - IMED

Doutor em Agronegócios. Professor e Pesquisador do Programa de Pós-Graduação em Administração da IMED Business School - Faculdade Meridional - IMED.

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