Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears … important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and …

Worldwide, primary corporate bond markets have become an increasingly important source of financing for non … of bond interest rates. Just as shareholders, bondholders can play an important role in corporate governance. They can … use both exit and voice. This report provides a comprehensive global overview of all corporate bond issues since 2000 and …