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We propose a methodology for gravity models which overcomes weakness of institutional distance measures identified in international business literature (Shenkar, 2001). Our methodology is based on combination of the distance approach with cluster analysis of states according to their...
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catastrophe requires better tools for detecting institutional corruption and reducing its influence on public policy. This paper … corruption. Although the paper primarily focuses on banking and related regulatory agencies, similar concerns apply to other … industries. Thus, the hope is that this Working Paper can provide a useful framework for investigating institutional corruption …
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