ABSTRACT
This study aims at investigating the impact of material, cultural and social resources on perceived security of business environment. The analysis puts special emphasis on the role of cultural resources and trust in fostering the sense of security in a transition economy. Moreover, we point to the complex interrelations between perceived security, social resources and managerial decisions. Namely, we hypothesise that strong social ties tend to reduce uncertainty in business transactions if managers are worse off in terms of material and cultural resources. The empirical analysis is based on a representative survey among top managers of Hungarian manufacturing firms.
