Culture and Good Governance: A Brief Empirical Exercise

Factors Predicting the Scientific Wealth of Nations

“…When using the Worldwide Governance Indicators (WGI), which measure countries’ levels of corruption and government effectiveness, Gantman (2012) was able to show that poor governance in the form of political authoritarianism has a negative and statistically significant effect on the quality of scientific output, not only in the social sciences but also in the neurosciences, medicine, and agricultural and biological sciences (Gantman, 2012). Although the WGI has been criticized for the lack of a clear theoretical foundation (e.g., Andrews, 2008; Andrews et al, 2010; Erkkilä & Piironen, 2014; Gisselquist, 2014), it has successfully predicted sustainable economic growth (Adkisson & McFerrin, 2014; Güney, 2017; Law et al, 2013), openness in international trade (Al-Marhubi, 2005), a diminishing number of road traffic fatalities (Gaygisiz, 2010), and reduced Olympic success due to lower rates of doping use among the athletes in less corrupt countries (Potts, 2014).…”

Emerging market MNCs' cross-border acquisition completion: Institutional image and strategies

“…In addition, EMNCs equipped with prior inward experience tend to have a better reputation for having international experience and an understanding of international practices (Child and Rodrigues 2005;Wang et al 2014). They can benefit from the legitimacy spillover effects that inward internationalization can generate (Adkisson and McFerrin 2014;Kostova and Zaheer 1999). When an EMNC bids to buy into a new foreign market, the local stakeholder groups might lack sufficient information and knowledge of this foreign newcomer; their initial perception of this EMNC player might arise from stereotypes about the home country of this EMNC and quite often the institutions of it.…”

“…When an EMNC bids to buy into a new foreign market, the local stakeholder groups might lack sufficient information and knowledge of this foreign newcomer; their initial perception of this EMNC player might arise from stereotypes about the home country of this EMNC and quite often the institutions of it. In contrast, stakeholders seek inferences from relevant sources about bidders (Adkisson and McFerrin 2014;Kostova and Zaheer 1999). The EMNC acquirer's cooperation experience with foreign organizations can serve as a reference for this purpose to improve its legitimacy.…”

“…They are based on 32 individual data sources produced by a variety of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms (Kaufmann et al 2010). The WGI index has been widely used in the literature to measure the quality of institutions (Adkisson and McFerrin 2014;Brockman et al 2013;Langbein and Knack 2010;Lu et al 2014;Pinar 2015). These perception-based indicators are ideal for measuring our key individual variable, institutional image, which consists of the perceptions in the minds of people toward a country's institutions for two reasons.…”

Culture and the Quality of Government

“…Modernization theory argues that as the level of economic development increases, a society will tend to become more democratic (Lipset 1959), despite different cultural traditions that might contribute to different trajectories, and to have a better quality of government as control by the population increases (Inglehart and Welzel 2005). Adkisson and McFerrin (2014) relate culture and economic development to the quality of government and argue that the latter has a stronger influence on good governance. I thus expect economic development to have a positive impact on the quality of government.…”