Individualism, democracy, and contract enforcement

Cline, Brandon N.; Williamson, Claudia R.

doi:10.1016/j.jcorpfin.2017.07.010

Cited by 47 publications

(39 citation statements)

References 57 publications

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“…In untabulated results, we examine the robustness of the association between contract regulation and trust while controlling for other measures of culture that could impact the level of regulation (Benabou, Ticchi, & Vindigni, 2015;Cline & Williamson, 2017;Davis & Williamson, 2016;Gorodnichenko & Roland, 2011;Stulz & Williamson, 2003). This includes controlling for a country's ethnic structure, religion, Hofstede's (2001) culture measures, and a measure of individual versus government responsibility.…”

Section: Trust and Contract Regulationmentioning

confidence: 99%

Trust, regulation, and contracting institutions

Cline

Williamson

2020

Euro Fin Management

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This paper demonstrates that trust directly influences contracting efficiency. We document that trust reduces demand for contract regulation and positively relates to a high‐quality contracting environment, supporting a substitution hypothesis. Furthermore, contract regulation no longer leads to poor contracting outcomes. These findings suggest that lack of trust significantly explains inefficient contracting institutions. Based on interaction effects, we note that trust could complement formal enforcement in countries with weak regulation. As regulation increases, trust substitutes for contract regulation. Overall, trust positively promotes efficient contracting by reducing burdensome regulation and providing an alternative to formal contract enforcement.

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Section: Trust and Contract Regulationmentioning

confidence: 99%

Trust, regulation, and contracting institutions

Cline

Williamson

2020

Euro Fin Management

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“…It is not a surprise that feminist's participation in decision‐making process is the great concertation of debates on the relationship between decision‐making positions and gender; scholars usually direct their attentions to feminists' leadership as females fear their cultures and traditions that exclude them from decision‐making positions (Eagly & Johannsen‐Schmidt, ). Cline and Williamson () suggests that culture will function differently relying on the cultural environment in a given country. Women at work confront many social and cultural impediments that make it unacceptable for them to take up decision‐making positions such as not accepting that a woman can be a boss or a leader thus masculinists should take up decision‐making positions instead of feminists (Radwan et al, ).…”

Section: Methodsmentioning

confidence: 99%

Inclusiveness of Jordanian women in local decision‐making process: Opportunities and threats

Abu‐Hummour

2019

Journal of Public Affairs

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Increasing Jordanian women participation in decision‐making process is the most debated topic in local administration over the world, including Jordan. The objective of this study was to determine opportunities and challenges that influence the inclusiveness of Jordanian women in local decision‐making bodies as perceived by local administrative personnel working in local administration. Primary data collected from (120) participants selected randomly from local bodies in Jordan analyzed by SPSS. The analysis revealed a statistically significant correlation between inclusiveness of Jordanian women in local decision‐making bodies and opportunities for increasing their advancement into decision‐making positions at (α ≤ 0.05) except affirmative action variable was not statistically significant (α ≤ 0.05). The analysis also revealed a statistically significant correlation between inclusiveness of Jordanian women in local decision‐making bodies and threats for blocking their access to decision‐making positions at (α ≤ 0.05). The recommendations of this study are that further analyses are required within this field. This might be so relevant to other populations in Arab countries in the Middle East and elsewhere.

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“…In this regard, the inter-play between culture and institutions is not trivial and, more recently, has been advocated as a necessary and emerging economic research perspective (Tabellini, 2008). Since institutions play a role in addition to culture, Hofstede's work may connect cross-cultural psychology perspectives with institutional studies (Cline and Williamson, 2017;Davis and Williamson, 2016;Pitlik and Rode, 2016). All in all, there remain ample directions for future research following up on the work of Hofstede.…”

Section: Future Directionsmentioning

confidence: 99%

Commemorating Geert Hofstede, a pioneer in the study of culture and institutions

Sent

Kroese

2020

Journal of Institutional Economics

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This contribution commemorates Geert Hofstede, who recently passed away, as a pioneer in the study of culture and institutions. It does so by touching on some of the details of his personal life and connecting these with his professional career. The latter was devoted to developing the paradigm of national cultures based on empirical analysis, and to relate it to organisational behaviour. Closer scrutiny reveals that four distinct phases may be identified. Hofstede first started as an ‘undercover’ engineer and next moved to social psychology. During the second phase, he developed the first four dimensions of natural culture. During the third, Hofstede connected these national dimensions to organisational ones. During the last, he added two new cultural dimensions and developed additional practical applications. Finally, the article considers the reception, criticism, and further elaborations of Hofstede's contributions.

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Individualism, democracy, and contract enforcement

Cited by 47 publications

References 57 publications

Trust, regulation, and contracting institutions

Trust, regulation, and contracting institutions

Inclusiveness of Jordanian women in local decision‐making process: Opportunities and threats

Commemorating Geert Hofstede, a pioneer in the study of culture and institutions

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