culture and innovation. We highlight legal and cultural forces that encourage innovation activities, including strong patent …This chapter reviews theoretical and empirical research on the relationship between legal systems and innovation and … relatively more important and culture is relatively less important for patents. We discuss implications for future research, as …

failed to influence — federal securities regulation and state corporate law, and the prospective roles for the EMH in these …, more controversially, as to private securities class action lawsuits. In state corporate law, the EMH has influenced … (such as asset-backed securities) and business entities heavily involved in financial innovation activities (such as certain …