For  2  Eurostat Structural Business Statistics (3 September 2013). BIS central bankers’ speeches  7  example, research by Bloom et al (2009) and Garicano (2000)3 show that the countries/regions where mutual trust levels are highest typically have larger size companies.
This is one reason behind the many large companies in the USA and the countries of northern Europe, as opposed to the countries of southern Europe and Asia (India for example), where companies are very small. Indeed, the opening up of capital and the decentralisation of management, key conditions for the growth of companies, presupposes a relationship of trust.