“…In the context above, the credibility thesis (Ho, 2014) was put forward in this journal, and later elaborated (Ho, 2017), postulating that institutional Form follows from Function, in effect, the position that predicting the performance of institutions in relation to whether they are private, public or common is irrelevant, as any institutional form may function or dysfunction depending on space and time. Described by Davy (2018: 855) as a "rallying call of function presides over form", the inclusion of function in institutional analysis has since been applied in different sectors, ranging from ecological conservation (Fan et al, 2019;Zhao and Rokpelnis, 2016), climate policy (Rogge and Dütschke, 2018), urbanization and informal settlements (Wu et al, 2018;Zeuthen, 2018;Oranje et al, 2020;Celhay and Gil, 2020), water management and irrigation (Gomes and Hermans, 2018;Mollinga, 2016), banks and notaries (Marois and Güngen, 2016;Monkkonen, 2016), artisanal mining and property rights (Nesru et al, 2019;Fold et al, 2018;Mengistu and Dijk, 2018), and labor institutions (Miyamura, 2016). These studies have validated the thesis in qualitative and quantitative ways, thereby covering a variety of regions, ranging from Asia, Latin America, Africa and Europe.…”