{"id":"https://openalex.org/W4306253274","doi":"https://doi.org/10.1016/j.iref.2022.10.002","title":"The impact of quality of institutions on firm performance: A global analysis","display_name":"The impact of quality of institutions on firm performance: A global analysis","publication_year":2022,"publication_date":"2022-10-14","ids":{"openalex":"https://openalex.org/W4306253274","doi":"https://doi.org/10.1016/j.iref.2022.10.002"},"language":"en","primary_location":{"id":"doi:10.1016/j.iref.2022.10.002","doi":"https://doi.org/10.1016/j.iref.2022.10.002","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2022.10.002","pdf_url":"https://www.sciencedirect.com/science/article/pii/S105905602200243X/pdf","source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.sciencedirect.com/science/article/pii/S105905602200243X/pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5063493313","display_name":"Chong-Chuo Chang","orcid":"https://orcid.org/0000-0002-9098-2372","observed_orcids":["https://orcid.org/0000-0002-9098-2372"]},"institutions":[{"id":"https://openalex.org/I193365169","display_name":"National Chi Nan University","ror":"https://ror.org/03ha6v181","country_code":"TW","type":"education","lineage":["https://openalex.org/I193365169"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"Chong-Chuo Chang","raw_affiliation_strings":["Department of Banking and Finance, College of Management, National Chi Nan University, Taiwan, ROC"],"raw_orcid":"https://orcid.org/0000-0002-9098-2372","affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, College of Management, National Chi Nan University, Taiwan, ROC","institution_ids":["https://openalex.org/I193365169"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5063493313"],"corresponding_institution_ids":["https://openalex.org/I193365169"],"apc_list":{"value":2350,"currency":"USD","value_usd":2350},"apc_paid":{"value":2350,"currency":"USD","value_usd":2350},"fwci":8.7575,"has_fulltext":true,"cited_by_count":52,"citation_normalized_percentile":{"value":0.98015559,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"83","issue":null,"first_page":"694","last_page":"716"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11042","display_name":"Corruption and Economic Development","score":0.2800000011920929,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11042","display_name":"Corruption and Economic Development","score":0.2800000011920929,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12312","display_name":"Culture, Economy, and Development Studies","score":0.2378000020980835,"subfield":{"id":"https://openalex.org/subfields/3303","display_name":"Development"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.22550000250339508,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/institutional-quality","display_name":"institutional quality","score":0.9980000257492065},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.9909999966621399},{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"total factor productivity","score":0.890999972820282},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9850000143051147},{"id":"https://openalex.org/keywords/political-institutions","display_name":"political institutions","score":0.7789999842643738},{"id":"https://openalex.org/keywords/technological-progress","display_name":"technological progress","score":0.972000002861023},{"id":"https://openalex.org/keywords/corruption","display_name":"corruption","score":0.9390000104904175},{"id":"https://openalex.org/keywords/allocative-efficiency","display_name":"allocative efficiency","score":0.8539999723434448},{"id":"https://openalex.org/keywords/investment-climate","display_name":"investment climate","score":0.7710000276565552},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.7919999957084656}],"concepts":[{"id":"https://openalex.org/C120009192","wikidata":"https://www.wikidata.org/wiki/Q1936153","display_name":"Total factor productivity","level":3,"score":0.8617838025093079},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6757137775421143},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6183044910430908},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5953496694564819},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.5866830945014954},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.5822303295135498},{"id":"https://openalex.org/C2780027415","wikidata":"https://www.wikidata.org/wiki/Q524648","display_name":"Language change","level":2,"score":0.5528395771980286},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.53664231300354},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5004997253417969},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.38622885942459106},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.31699520349502563},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2210645079612732},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.1304660141468048},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C124952713","wikidata":"https://www.wikidata.org/wiki/Q8242","display_name":"Literature","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.iref.2022.10.002","doi":"https://doi.org/10.1016/j.iref.2022.10.002","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2022.10.002","pdf_url":"https://www.sciencedirect.com/science/article/pii/S105905602200243X/pdf","source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics & Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:reveco:v:83:y:2023:i:c:p:694-716","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S105905602200243X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.iref.2022.10.002","doi":"https://doi.org/10.1016/j.iref.2022.10.002","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2022.10.002","pdf_url":"https://www.sciencedirect.com/science/article/pii/S105905602200243X/pdf","source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics & Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G1052468712","display_name":null,"funder_award_id":"MOST 105-","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"},{"id":"https://openalex.org/G604429569","display_name":"A Study of the Issues Related to Political Uncertainty, Economic Policy Uncertainty, and Financial Decisions","funder_award_id":"MOST110-2410-H260-006-MY3","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"},{"id":"https://openalex.org/G6180481177","display_name":null,"funder_award_id":"006-MY3","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"},{"id":"https://openalex.org/G8449431383","display_name":null,"funder_award_id":"105-2410-H-468-005-MY2","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"}],"funders":[{"id":"https://openalex.org/F4320322795","display_name":"Ministry of Science and Technology, Taiwan","ror":"https://ror.org/02kv4zf79"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4306253274.pdf","grobid_xml":"https://content.openalex.org/works/W4306253274.grobid-xml"},"referenced_works_count":112,"referenced_works":["https://openalex.org/W577228467","https://openalex.org/W614080189","https://openalex.org/W639388453","https://openalex.org/W786126560","https://openalex.org/W1539401664","https://openalex.org/W1549687360","https://openalex.org/W1567773991","https://openalex.org/W1581908573","https://openalex.org/W1595501636","https://openalex.org/W1838322536","https://openalex.org/W1893548940","https://openalex.org/W1964394552","https://openalex.org/W1964553723","https://openalex.org/W1985703190","https://openalex.org/W1985862728","https://openalex.org/W1988575650","https://openalex.org/W1990186700","https://openalex.org/W1990187152","https://openalex.org/W1991128340","https://openalex.org/W1991532335","https://openalex.org/W1999472911","https://openalex.org/W2002030205","https://openalex.org/W2003467755","https://openalex.org/W2009712724","https://openalex.org/W2010235856","https://openalex.org/W2012261941","https://openalex.org/W2013887530","https://openalex.org/W2019385650","https://openalex.org/W2024438878","https://openalex.org/W2030382660","https://openalex.org/W2030474275","https://openalex.org/W2031418720","https://openalex.org/W2033658862","https://openalex.org/W2033890329","https://openalex.org/W2037072769","https://openalex.org/W2039076374","https://openalex.org/W2041380708","https://openalex.org/W2041692102","https://openalex.org/W2047134779","https://openalex.org/W2048350880","https://openalex.org/W2049091309","https://openalex.org/W2054972192","https://openalex.org/W2069985282","https://openalex.org/W2081351837","https://openalex.org/W2086652341","https://openalex.org/W2089771673","https://openalex.org/W2091655666","https://openalex.org/W2112352537","https://openalex.org/W2116230188","https://openalex.org/W2117178635","https://openalex.org/W2124604198","https://openalex.org/W2125997216","https://openalex.org/W2127905480","https://openalex.org/W2133369488","https://openalex.org/W2142375020","https://openalex.org/W2142975160","https://openalex.org/W2143311827","https://openalex.org/W2143943407","https://openalex.org/W2145776161","https://openalex.org/W2149074062","https://openalex.org/W2157182507","https://openalex.org/W2166649748","https://openalex.org/W2166958361","https://openalex.org/W2170545497","https://openalex.org/W2280596577","https://openalex.org/W2312441521","https://openalex.org/W2407856457","https://openalex.org/W2607351670","https://openalex.org/W2753335427","https://openalex.org/W2887958531","https://openalex.org/W2890314743","https://openalex.org/W2924211873","https://openalex.org/W2967573944","https://openalex.org/W2979503164","https://openalex.org/W2991813917","https://openalex.org/W2994756033","https://openalex.org/W3023420463","https://openalex.org/W3037376690","https://openalex.org/W3093451008","https://openalex.org/W3113280811","https://openalex.org/W3121164101","https://openalex.org/W3121440286","https://openalex.org/W3121534672","https://openalex.org/W3121607011","https://openalex.org/W3121759882","https://openalex.org/W3121835489","https://openalex.org/W3122413116","https://openalex.org/W3122513675","https://openalex.org/W3122705141","https://openalex.org/W3122774357","https://openalex.org/W3123235830","https://openalex.org/W3123417791","https://openalex.org/W3124599959","https://openalex.org/W3125157272","https://openalex.org/W3125412951","https://openalex.org/W3125633749","https://openalex.org/W3125688476","https://openalex.org/W3125784551","https://openalex.org/W3134288142","https://openalex.org/W3135769623","https://openalex.org/W3136282117","https://openalex.org/W3136482455","https://openalex.org/W3214394440","https://openalex.org/W4210501483","https://openalex.org/W4229942792","https://openalex.org/W4244992121","https://openalex.org/W4248572084","https://openalex.org/W4251291158","https://openalex.org/W4285086981","https://openalex.org/W6601239790","https://openalex.org/W6634167274","https://openalex.org/W6668035819"],"related_works":["https://openalex.org/W2232663949","https://openalex.org/W2771472798","https://openalex.org/W4399298252","https://openalex.org/W2272625831","https://openalex.org/W2599114174","https://openalex.org/W4299383404","https://openalex.org/W2606682669","https://openalex.org/W2142975160","https://openalex.org/W2515391385","https://openalex.org/W7074582230"],"abstract_inverted_index":{"This":[0],"study":[1],"contributes":[2],"to":[3,30,98],"the":[4,65],"literature":[5],"as":[6],"few":[7],"studies":[8],"discuss":[9],"how":[10],"different":[11],"aspects":[12],"of":[13],"institutional":[14,52,62,77],"quality":[15,53,63,78],"influence":[16],"firm":[17,58,70,81,89],"performance.":[18],"We":[19],"use":[20],"133,945":[21],"observed":[22],"values":[23],"for":[24],"16,523":[25],"firms":[26],"in":[27],"41":[28],"countries":[29],"examine":[31],"whether":[32],"better":[33,96,102],"institutions":[34,97],"can":[35,54,79],"help":[36,99],"increase":[37,55,88],"corporate":[38],"value":[39,71,82],"by":[40,83],"improving":[41,84],"enterprises'":[42],"total":[43],"factor":[44],"productivity":[45,90],"(TFP).":[46],"Empirical":[47],"findings":[48],"indicate":[49],"that":[50],"enhanced":[51],"TFP":[56],"and":[57,60,72,91,109],"value,":[59,92],"political":[61],"has":[64],"highest":[66],"positive":[67],"impact":[68],"on":[69],"technological":[73],"progress.":[74],"Moreover,":[75],"good":[76],"promote":[80],"enterprises\u2019":[85],"TFP.":[86],"To":[87],"governments":[93],"must":[94],"build":[95],"create":[100],"a":[101],"investment":[103],"environment,":[104],"strengthen":[105],"resource":[106],"allocation":[107],"efficiency,":[108],"reduce":[110],"corruption.":[111]},"counts_by_year":[{"year":2026,"cited_by_count":20},{"year":2025,"cited_by_count":21},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":3}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2022-10-15T00:00:00"}