U.K. guidelines on the introduction of new regulations require that politicians and civil servants should “think small first” when deciding whether and how to introduce new regulations that affect business. Similar guidelines are currently being adopted across the EU. This paper presents the...

The nature and economic role of legally constituted firms varies between market economiesand changes over time. In particular, the governance of leading firms and how they developdistinctive organisational capabilities vary between institutional regimes and their supportingpolitical-economic...