TY - JOUR
T1 - Is the world flat? country- and firm-level determinants of law compliance
AU - Chong, Alberto
AU - Gradstein, Mark
PY - 2011/8/1
Y1 - 2011/8/1
N2 - This research revisits the effects of a country's institutional framework on individual firms' behavior, focusing, in particular, on firms' propensity to comply with legal rules. We purport to explain the variation in compliance with legal rules by employing a rich data set on thousands of firms from dozens of countries. We find that most of the variation emanates from countrywide differences in institutional quality, although various firm characteristics play a role as well. We also find indications that differences across countries diminish with the level of development.
AB - This research revisits the effects of a country's institutional framework on individual firms' behavior, focusing, in particular, on firms' propensity to comply with legal rules. We purport to explain the variation in compliance with legal rules by employing a rich data set on thousands of firms from dozens of countries. We find that most of the variation emanates from countrywide differences in institutional quality, although various firm characteristics play a role as well. We also find indications that differences across countries diminish with the level of development.
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=79959712126&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=79959712126&origin=inward
U2 - 10.1093/jleo/ewp010
DO - 10.1093/jleo/ewp010
M3 - Article in a journal
SN - 8756-6222
VL - 27
SP - 272
EP - 300
JO - Journal of Law, Economics, and Organization
JF - Journal of Law, Economics, and Organization
IS - 2
ER -