That liberty is necessary for greater happiness and a better life is a notion deeply rooted in the American sensibility. But is there a link between greater freedom and greater happiness across countries? In this article we explore this question by examining the empirical relationship between...

China and other East Asian countries were able to deal with the coronavirus pandemic much better than most Western countries. Both the number of infections and the mortality rate were lower than in Western countries by two orders of magnitude. Besides, economic recession associated with the...

The contemporary financial crisis has transformed into economic crisis. The occurrence of financial crises has encouraged the emergence of a kind of routine which guarantees the stability of a government's bailout programmes implemented through the banking sector in support of de-facto bankrupt...

After the collapse of the Communist regimes and their command economies, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. There was no way that they could have existed in an economy of this type that is nothing more...

Purpose - This paper seeks to provide insights into the current global financial crisis from an institutional theory perspective.Design/methodology/approach - The paper presents the development of key concepts using institutional theory, grounded in a discussion of the context of the current...

Fraud and irrationality are often blamed for financial manias and panics. Investor euphoria can unleash social and technological breakthroughs, but the subsequent failures can destroy value and radicalize the political sphere. Are these events random, idiosyncratic, or driven by some force? The...

The rise of digital platforms through which labour is bought and sold is transforming the world of work and challenging the existing regulatory regimes that govern it. Depending on one's point of view, Uber has become the poster child or bête noir of this transformation, challenging traditional...

Proponents of minority shareholder protection state that national legal institutions protecting small investors boost stock markets and, in turn, long-term countries' performance. In this paper, we empirically challenge this argument. We perform three-stage least-square estimation on a sample of...

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...