Abstract
ABSTRACTHow does institutional risk influence firm performance in Africa? While most studies focus on formal institutional risk, I argue that informal institutional risks are equally influential. Consistent with that view I use informal institutions theory and multilevel techniques to analyze data from 411 firms in 18 African countries. I find negative effects of informal institutional risks (socioeconomic conditions) on firm performance. In addition, I find interactive effects of control of corruption. I discuss the implications of the findings for research and practice.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
