Are we witnessing the gradual globalization of national land laws, which have traditionally been considered to be the paradigm of legal idiosyncrasy, by virtue of their reflecting place-specific society, culture, and politics? This Article offers an innovative analysis of the conflicting forces...

This paper argues that firm finance is something of a 'black-box' in economic geography, a largely take-for-granted aspect of production. Focusing on small firms, the paper argues that firm finance warrants analysis, not simply to 'add' to knowledge and to form another sub-discipline of economic...

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource...

This multilevel meta-analytic study, based on 176 studies from 36 countries, examines the impact of political characteristics on the performance of family firms when comparing them to non-family firms (k=311, N=1,598,964). Our findings support the expectation that family firm characteristics are...

A szerző az államháztartási hiány újratermelődésének okát a kialakult újraelosztási ráta fenntartásában érdekelt választói magatartásban, azoknak a választóknak a relatív többségben látja, akiknek jövedelme közvetlenül az állami, politikai döntésektől függ. A...

This paper offers the first comprehensive analysis of legal change in the protection of shareholder and creditor rights in transition economies and its impact on the propensity of firms to raise external finance. Following La Porta et al. (1998), the paper constructs an expanded set of legal...

This paper provides an evolutionary perspective on financial systems based on complex systems theory. This perspective is used to organize the discussion about the convergence and non-convergence of financial systems. In recent years the discussion about the relative merits and the efficiency of...

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource...

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource...

Although twenty years have elapsed since the beginning of transition, Eastern European and Central Asian countries are still characterized by remarkably heterogeneous levels of economic development. In the light of the established causal relationship between finance and growth, we perform an...