Search for: [Abstrakt = "The paper investigates the relationship between organizational trust and a firm’s market value through the perspective of company size. The paper addresses the theoretical and empirical gap regarding the effects of organizational trust on a firm’s value by embarking on stewardship and agency theories. This provides a theoretical framework to extend the understanding of an organizational trust’s influence on a firm’s market value based on company size considering the extent to which a firm’s size plays a role in determining the market value effect. Furthermore, the effects of firm size on an organizational trust’s impact on market value were tested empirically through a moderation analysis drawing on a sample of 198 firms listed on the Warsaw Stock Exchange. It has been found that there is no significant association between organizational trust climate and a firm’s market value. However, what materialized from this investigation, as predicted, is that the aggregate impact of the internal trust climate on market value depends on company size. Specifically, it is reported that high trust diminishes the value of big firms, but at the same time contributes to a firm’s value in the case of small firms. Although these results might seem surprising, they are supported by arguments derived from the stewardship and agency theories distinguishing the possible positive and negative outcomes of organizational trust under different conditions."]

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