investment can be measured, analyzed, and compared across countries, and that governance is key to the business environment and … investment climate. The survey findings suggest that key policy, institutional and governance indicators affect the growth of a …

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 …