Abstract
This research revisits the effects of a country's institutional framework on individual firms' behavior, focusing, in particular, on firms' propensity to comply with legal rules. We purport to explain the variation in compliance with legal rules by employing a rich data set on thousands of firms from dozens of countries. We find that most of the variation emanates from countrywide differences in institutional quality, although various firm characteristics play a role as well. We also find indications that differences across countries diminish with the level of development.
| Original language | English |
|---|---|
| Pages (from-to) | 272-300 |
| Number of pages | 29 |
| Journal | Journal of Law, Economics, and Organization |
| Volume | 27 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Aug 2011 |
ASJC Scopus subject areas
- Economics and Econometrics
- Organizational Behavior and Human Resource Management
- Law