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dc.contributor.authorChong, Albertoen_US
dc.contributor.authorGradstein, Marken_US
dc.date.accessioned2010-02-23en_US
dc.date.accessioned2011-11-18T11:47:54Z-
dc.date.available2011-11-18T11:47:54Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/51465-
dc.description.abstractThis paper revisits the effects of a country's institutional framework on individual firms' behavior, in particular focusing on their propensity to comply with legal rules. The theoretical model presented here suggests that these effects may be of paramount significance-contrary to the recently popularized paradigm arguing that differences across countries have ceased to matter much. This paper's empirical strategy consists of explaining the variation in measures of noncompliance with legal rules and employs a rich dataset based on thousands of firms from dozens of countries. We find that most of the variation emanates from country-wide differences in institutional quality, although some firm characteristics play a role as well. Our conclusion is that countries still matter in providing institutional infrastructure, which determines to a large extent the context within which firms operate.en_US
dc.language.isoengen_US
dc.publisherInter-American Development Bank, Research Dep. Washington, DCen_US
dc.relation.ispartofseriesWorking paper // Inter-American Development Bank, Research Department 584en_US
dc.subject.jelD21en_US
dc.subject.jelK42en_US
dc.subject.jelO17en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordFirmsen_US
dc.subject.keywordInstitutionsen_US
dc.subject.keywordLaw complianceen_US
dc.subject.keywordCountry differencesen_US
dc.subject.keywordGlobalizationen_US
dc.titleIs the world flat? Or do countries still matter?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn585533199en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Research Department Working Papers, Inter-American Development Bank

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