FORMAL AND INFORMALINSTITUTIONSINWAL-MART CASE

Authors

  • José G Vargas-Hernández University Center for Economic and Managerial Sciences University of Guadalajara México

Abstract

This paper analyzes the strategies which are followed by Wal-Mart in different parts of the world from the viewpoint of theories of institutions, property rights and agency. The analysis of the questions what happens to these firms when they are in countries with high corruption index? It could answer this question in light of the theory of institutions, the theory of property rights and the theory of the agency. This paper specifically focuses on finding out if the above theories are applicable. The analysis concludes that the same firm adopts a different strategy in each place even if is in conflict with their values ​​at home.

Keywords: Agent, financial incentives, regulatory pillar, principal.

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Published

2014-08-27

How to Cite

Vargas-Hernández, J. G. (2014). FORMAL AND INFORMALINSTITUTIONSINWAL-MART CASE. The International Journal of Accounting and Business Society, 22(1). Retrieved from https://www.ijabs.ub.ac.id/index.php/ijabs/article/view/246

Issue

Vol. 22 No. 1 (2014): The International Journal of Accounting and Business Society

Section

Articles

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The copyright of the received article shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles.