This chapter advances an in-depth account of the Israeli dual-listing arrangement (“DLA”) project. In the landscape of cross listing in securities markets around the world, the Israeli DLA provides a unique example of a regulatory regime that is premised on a strategy of unilateral...

This study presents evidence about relations between national culture and social institutions. We operationalize culture with data on cultural dimensions for over 50 nations adopted from cross-cultural psychology and generate testable hypotheses about three basic social norms of governance: the...

This study identifies how country differences on a key cultural dimension—egalitarianism—influence international investment flows. A society's cultural orientation toward egalitarianism is manifested by intolerance for abuses of market and political power and a desire for protecting less...