country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the … receiving territories are characterized by cultural traits in conflict with those embedded in the imported institutions. We … French institutions in Protestant areas. Then, using hand-collected data on pre-Napoleonic reigns we show that kingdoms with …

towards the powers that be; thus corruption is a method of governance. We trace the systemic corruption back to the Mongolian …

Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and … contract enforcement are complements. We demonstrate that under weak contract enforcement trust has no effect on gains from …

Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying … the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the … efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …

Formal or informal institutions have long been adopted by societies to protect against opportunistic behavior. However …, we know very little about how these institutions are chosen and their impact on behavior. We experimentally investigate … the demand for different levels of institutions that provide low to high levels of insurance and its subsequent impact on …

regions rich in marine resources differ from societies with a purely agrarian legacy in terms of institutions, cultural values …

trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a … cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …

We examine whether a corruption scandal in which the incumbent is implicated undermines trust in local government. We …, and data on the level of trust expressed in local politicians drawn from a new survey conducted in late 2009. We use … matching methods to improve the identification of the effect of corruption scandals on trust, comparing municipalities affected …

between public and private blockchains, because their economic properties are contrasted. Moreover, governance issues in … public blockchains seem to indicate that the technology alone cannot guarantee trust. …

chapter contrasts the governance of LSVCCs to limited partnerships. We also summarize Canadian evidence on the impact of LSVCC … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …