While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two … makes it difficult to identify the role played by culture. Cultural changes and their effects are easier to identify in … simpler, more controlled, environments, such as corporations. Corporate culture, thus, is not only interesting per se, but …

Foreign-owned firms from advanced countries carry the culture of transparency in business transactions that is … orthogonal to the culture of hiding and insider dealing in many developing economies and economies in transition. In this paper …