How well do institutional theories explain firms' perceptions of property rights?

How well do institutional theories explain fi ...
Meghana Ayyagari, Meghana Ayya ...
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Last edited by MARC Bot
December 13, 2020 | History

How well do institutional theories explain firms' perceptions of property rights?

"The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional theories they investigate account for approximately 70 percent of the country-level variation, indicating that the literature is addressing first-order factors. Firm-level characteristics such as legal organization and ownership structure are comparable to institutional factors in explaining variation in property rights protection. A country's legal origin and formalism index predict property rights variation better than its openness to international trade, its religion, its ethnic diversity, natural endowments or its political system. However, these results are driven by the inclusion of former socialist economies in the sample. When the authors exclude the former socialist economies, legal origin explains considerably less than openness to trade and endowments. Examining a broader set of variables for robustness, they again find that when they exclude former socialist countries, legal origin explains comparatively little of the variation in perceptions of judicial efficiency, corruption, taxes and regulation, street crime, and financing. "--World Bank web site.

Publish Date
Publisher
World Bank
Language
English

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Book Details


Edition Notes

Includes bibliographical references.
Title from PDF file as viewed on 9/6/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
[Washington, D.C
Series
Policy research working paper ;, 3709, Policy research working papers (Online) ;, 3709.
Genre
Cross-cultural studies.

Classifications

Library of Congress
HG3881.5.W57

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3478684M
LCCN
2005618829

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History

Download catalog record: RDF / JSON
December 13, 2020 Edited by MARC Bot import existing book
December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page