This study assesses how effective governance institutions and de jure financial openness influence the attitude of … macroeconomic data drawn from several sources, including the Chinn-Ito index, the World Bank's Worldwide Governance Indicators, and … the World Bank's World Development Indicators, among others, over the period 2010-2018. To measure the de jure openness to …

We investigate the financial impact of social trust, institutional quality, and regulations. As a testing ground we … employ a unique, large, and hand-crafted dataset of more than 850 000 lending-based crowdfunding projects from 155 platforms … than that of institutional trust proxied by legal and property rights protection and regulation. Moreover, the financial …

The purpose of this paper is to nuance the widely held view that well-functioning institutions are the ultimate … institutions have in serving the economic status quo, conserving old habits and incumbent economic interests. Therefore, existing … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …