Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - C.E.P.R. Discussion Papers - 2009
through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring … stronger rule of law specialize in industries that rely on decentralization and allow more efficient firms to grow in scale …. Furthermore, even for firms of a given size and industry, trust and rule of law are associated with more decentralization which …