the new exposure to fluctuating rates of exchange, interest and inflation. China has recently adopted a version of the … International Financial Reporting Standards (IFRS) in an effort to improve the quality of information available for risk management … and for pricing of risk. This paper analyzes the gains in transparency from the implementation of IFRS in Europe as of …

Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether … commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms …. We look at three 'levels' of institutions and associated conjectures. The first concerns whether the political system …

understand how the various informal institutions (shared mental models) have influenced key dimensions of technology strategy …

The notion that foreign aid harms the institutions of recipient governments remains prevalent. We combine new … disaggregated aid data and various metrics of political institutions to re-examine this relationship. Long-run cross-section and … alternative dynamic panel estimators show a small positive net effect of total aid on political institutions. Distinguishing …