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Keywords: formal system
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Journal Articles
Journal:
Nankai Business Review International
Nankai Business Review International (2019) 10 (2): 207–232.
Published: 31 October 2018
..., the more pronounced the effect is. In particular, the effect of trust on executive compensation incentives is only significant when the formal legal system is immature. As companies continue to grow and develop and the formal system becomes perfect, the role of trust weakens. The formal system, including...
