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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-22611
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dc.contributor.authorHartwell, Christopher A.-
dc.contributor.authorMalinowska, Anna P.-
dc.date.accessioned2021-06-10T14:25:19Z-
dc.date.available2021-06-10T14:25:19Z-
dc.date.issued2019-
dc.identifier.issn1566-0141de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/22611-
dc.description.abstractResearch on the effects of the institutional environment on firm market valuation have concentrated on formal institutions and in particular legal frameworks. However, changes in formal institutions may have little to no effect on the deeply ingrained socio-economic processes which determine the way of conducting business in a country. In such a situation, informal institutions may play a much more important role for firms. Using property rights as an example, this paper models the impact of formal and informal institutional changes on the market growth potential of Polish firms. Our examination indicates that Poland's formal and informal institutions diverge significantly, with changes in informal institutions shaping market worth much more than binding formal frameworks. We conclude that firm valuation in an unstable institutional environment is due mostly to developments in informal property rights and other factors external to the firm, with comparatively little effect of firm-specific attributes.de_CH
dc.language.isoende_CH
dc.publisherElsevierde_CH
dc.relation.ispartofEmerging Markets Reviewde_CH
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/4.0/de_CH
dc.subjectEmerging marketde_CH
dc.subjectFirm valuationde_CH
dc.subjectInformal institutionde_CH
dc.subjectPolandde_CH
dc.subject.ddc349: Rechtsvergleichung und ausländisches Rechtde_CH
dc.subject.ddc658: Allgemeines Managementde_CH
dc.titleInformal institutions and firm valuationde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInternational Management Institute (IMI)de_CH
dc.identifier.doi10.1016/j.ememar.2019.03.001de_CH
dc.identifier.doi10.21256/zhaw-22611-
zhaw.funding.euNode_CH
zhaw.issue100603de_CH
zhaw.originated.zhawNode_CH
zhaw.publication.statusacceptedVersionde_CH
zhaw.volume40de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedW: Spitzenpublikationde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Hartwell, C. A., & Malinowska, A. P. (2019). Informal institutions and firm valuation. Emerging Markets Review, 40(100603). https://doi.org/10.1016/j.ememar.2019.03.001
Hartwell, C.A. and Malinowska, A.P. (2019) ‘Informal institutions and firm valuation’, Emerging Markets Review, 40(100603). Available at: https://doi.org/10.1016/j.ememar.2019.03.001.
C. A. Hartwell and A. P. Malinowska, “Informal institutions and firm valuation,” Emerging Markets Review, vol. 40, no. 100603, 2019, doi: 10.1016/j.ememar.2019.03.001.
HARTWELL, Christopher A. und Anna P. MALINOWSKA, 2019. Informal institutions and firm valuation. Emerging Markets Review. 2019. Bd. 40, Nr. 100603. DOI 10.1016/j.ememar.2019.03.001
Hartwell, Christopher A., and Anna P. Malinowska. 2019. “Informal Institutions and Firm Valuation.” Emerging Markets Review 40 (100603). https://doi.org/10.1016/j.ememar.2019.03.001.
Hartwell, Christopher A., and Anna P. Malinowska. “Informal Institutions and Firm Valuation.” Emerging Markets Review, vol. 40, no. 100603, 2019, https://doi.org/10.1016/j.ememar.2019.03.001.


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