Values Versus Regulations: How Culture Plays Its Role

Journal of Business Ethics 80 (4):791-806 (2008)

Abstract
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 no significant relationship between the regulatory policies of countries and their perceived levels of corruption. Thus, evidence of the “public choice view” toward entry regulation derived in related studies seems to be at least attenuated.
Keywords regulation  entry  culture  economic development  corruption  time
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DOI 10.1007/s10551-007-9469-2
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The Wealth of Nations.Adam Smith - 1993 - Hackett Publishing Company.

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