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In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10010756749
Pundits of globalization predict the eventual demise of the stakeholder corporate governance model found in Europe and Japan and its replacement by the Anglo-American shareholder model. Were this to occur, it would sharply change the relationship of employees to their employer in many parts of...
Persistent link: https://www.econbiz.de/10014124638
, and finds that legal origin is a stronger predictor of all of these than political or economic variables, with common law …
Persistent link: https://www.econbiz.de/10014058525
Most of what we collectively think we know about the Japanese economy is urban legend. In fact: - The keiretsu do not exist, and never did. An entrepreneurial research institute in the 1950s created the rosters to sell to Marxist economists looking for the monopoly capital that their theory told...
Persistent link: https://www.econbiz.de/10014069029
Central to so many accounts of post-war Japan, the keiretsu corporate groups have never had economic substance. Conceived by Marxists committed to locating "domination" by "monopoly capital," they found an early audience among western scholars searching for evidence of culture-specific group...
Persistent link: https://www.econbiz.de/10014035896
In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10005830828
In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10010764766
Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between objectivity and proximity as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the market...
Persistent link: https://www.econbiz.de/10005791601
This paper uses data from 20 OECD countries to investigate the impact of welfare state institutions (especially … empirically. It shows that the impact of welfare state institutions is not as clear-cut as the deregulationists' view suggests …. This result may be surprising against the background of the common view that welfare state measures cause European …
Persistent link: https://www.econbiz.de/10010262103
Negli ultimi vent’anni i paesi europei hanno introdotto numerose riforme economiche orientate a rendere le istituzioni economiche più “favorevoli ai mercati”, nella convinzione che l’ambiente regolativo costituisca un fondamentale fattore di crescita economica. La prima parte di questo...
Persistent link: https://www.econbiz.de/10010959121