the characteristics of this sector to formulate policies that encourage the formalization of companies, particularly in …

interventions have been implemented to increase the formalization of firms and workers, including information campaigns, simplified … registration procedures, reductions of payroll taxes, and interventions enforcing formalization. We compile a database of 170 … impact estimates from 38 academic studies that evaluate empirically one or more of these formalization interventions. The …

that result from formalization. However, the application of formalized procedures and structures might also lead to the … suppression of fluidity, creativity, or change. Therefore, the purpose of this study is to determine if formalization at the … negative effects of formalization builds the fundament for the hypothesized model. We use survey and patent data for a sample …

risks. Formalization seems to be an effective mechanism to mitigate said costs and risks, although the issue of whether … formalization actually proves productive or counterproductive remains an open question. This study empirically analyses the direct … impact of formalization and the interaction effect between formalization and trust between partners in order to gauge their …

on a systematic discussion of potential benefits and potential drawbacks of formalization in economics, the paper …, Ludwig Mises, and Friedrich August Hayek neither provide a justification for a rejection of formalization tout court nor …

one emphasizing the benefits of formalization. One year after the letters were sent, we found a positive and statistically …