Abstract
The growing importance of increasing business performance through intangible assets has been recognized in theory and practical experience. Trust as one of them is a natural and essential component of relationships (Sheppard/Sherman 1998, p. 422). Trust facilitates both consumer loyalty and customer retention, but also compensates for information asymmetries, reduces transaction costs, and lowers perceived risk (Picot et al. 2003; Ripperger 1998). Marginal changes in loyalty (e.g., 5%) disproportionately affect changes in profitability (25% - 100%; see Reichheld et al. 2000). Consequently, trust has an immense impact on organizational performance.
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© 2009 Gabler | GWV Fachverlage GmbH
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Ebert, T. (2009). Introduction. In: Trust as the Key to Loyalty in Business-to-Consumer Exchanges. Gabler. https://doi.org/10.1007/978-3-8349-8307-7_1
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DOI: https://doi.org/10.1007/978-3-8349-8307-7_1
Publisher Name: Gabler
Print ISBN: 978-3-8349-1622-8
Online ISBN: 978-3-8349-8307-7
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