investment can be measured, analyzed, and compared across countries, and that governance is key to the business environment and … of the Firms from the World Business Environment Survey”, and based on a chapter in “Pathways Out of Poverty: Private … the World Business Environment Survey (WBES). It shows that important dimensions for the climate of business operation and …

This paper distinguishes between governance structure and contractual form. The basic premise is that researchers often … utilize a simple principal- agent model to show that transaction cost factors affect both contractual form and governance … structure, but not identically. Transaction cost factors that are known to result in employment as a governance structure do not …