Market Response to Inefficient Judiciary: Promoting Rule Compliance and Good Governance Practice

Aleksandra Gregoric, Katarina Zajc, Marko Simoneti

    Publikation: Working paperForskning

    9 Downloads (Pure)

    Abstrakt

    The paper re-examines the concerns on the rule-based governance in poor institutional environment. By relying on the theories and research vehicles of social psychology, we show that under certain conditions, the ‘law on books’ may still play role in governing market transactions, even though no formal enforcement applies. We furthermore expose the potential of the Corporate Governance Code as the ‘signaling device’ and provide arguments as to why this potential may be even stronger in an environment with relatively weak institutions in comparison to the developed market economies.
    OriginalsprogEngelsk
    UdgivelsesstedFrederiksberg
    UdgiverDepartment of International Economics and Management, Copenhagen Business School
    Antal sider30
    StatusUdgivet - 2007
    NavnWorking Paper / Department of International Economics and Management, Copenhagen Business School
    Nummer9-2007

    Emneord

    • corporate governance
    • Slovenien

    Citationsformater