The sub-prime crisis has rejuvenated a public dialogue about the regulation of financial systems. This paper examines the impact of culture on the regulation of bank entry. Based on data from 53 countries, the paper's empirical estimations are inconsistent with the prediction of ‘public choice...

This study examines the impact of culture on regulation and corruption. Our empirical results suggest that cultural values have significant effects on countries’ regulatory policies, levels of corruption, and economic development. Contrary to the conclusions drawn by others, this study shows...

Purpose – The purpose of this paper is to identify the reasons for the differences of executives' compensation across industries from the managerial discretion perspective.Design/methodology/approach – Based on the data from 37 manufacturing industries from 2002 to 2007 in China, managerial...