societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try … to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that … the ?reaction rate? of informal institutions depends on their compatibility with imported formal institutions. The …

societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try … to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that … the "reaction rate" of informal institutions depends on their compatibility with imported formal institutions. The …

The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using … and institutions are employed in the empirical analysis. The results show that government stability, the absence of …