This paper provides an empirical analysis that examines the effect of both, transaction characteristics and the institutional environment on the choice of governance. Using a dataset of 237 corporate-specific value chains in the global LNG industry, we introduce inter-organizational trust as a...

A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...