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While trust in the business sector is crucial for well-functioning markets, there is surprisingly little empirical work on its sources. Available research recognises social trust as a major force explaining confidence in political institutions. Regulation is frequently advocated to foster trust...
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. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the … relationship between Tobin's Q and ownership, and the effect of financial liberalizations. …
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1. Chapter One: Introduction -- 2. Chapter Two: Self-Ownership and Property Rights -- 3. Chapter Three: Legacies of … self-ownership and individual responsibility. They correctly point out that the hardships that the ancestors of those now …
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