Institutional Compliance by Firms in Transition Economies

Jorge Guillén () and Paola Vargas
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Paola Vargas: Inter-American Development Bank, Washington, DC., http://www.iadb.org/

Czech Journal of Economics and Finance (Finance a uver), 2010, vol. 60, issue 2, 138-150

Abstract: This research revisits the effects of a country’s institutional framework on individual firms’ behavior, in particular focusing on their propensity to comply with legal rules in transition economies. The authors purport to explain the variation in compliance with legal rules and employ a rich data set on thousands of firms from dozens of transition countries to this end. They find that most of the variation emanates from country-wide differences in institutional quality, although some firm characteristics play a role as well. They also find indications that differences across countries are smoothed with income.

Keywords: firms; institutions; law compliance; country differences; transition economies (search for similar items in EconPapers)
JEL-codes: D21 K42 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:60:y:2010:i:2:p:138-150

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