There is a study Auditors Association has conducted, showing that over 90 percent of the country’s business leaders have high confidence in customers, suppliers and other partners, writes Aftenposten.
– Confidence is remarkably high and is probably that Norway has the world’s lowest costs when it comes to doing business, says CEO Per Hanstad in Revisorforeningen.
High confidence is more important than oil in the Norwegian economy, says Professor Alexander Cappelen at NHH.
– In business cooperation more important than competition, and trust is essential for good cooperation. If we are afraid of being cheated, we will either make a deal or we will implement expensive controls. Therefore often leads lack confidence that promising agreements and projects to go ahead. It allows the creation of value will be less than it otherwise might have been, says Professor Alexander Cappelen. (© NTB)
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