The authors of this chapter consider that the collapse of the financial sector and subsequent economic crisis in Iceland in 2008 was brought about by its entire business culture, which was not as strong, open, and transparent as that of many other developed countries. The weak business culture...

The COVID-19 crisis and countries’ reactions led to analyses about how governance systems influenced the management of the pandemics and how COVID-19 influenced businesses. The concept of institutional resilience transcends these directions of research but we know little about what it means...