ABSTRACT We examine the evolution of accounting regulation by linking disclosure policies and investments in a dynamic voting model. The are outcome entrepreneurs, whose preferences influenced their investments. turn endogenously determined current future policies. Absent external influences, regimes stable. A regime high (low) quality strong (weak) economy coexist reinforce each other. However...

This article investigates how and when regime transitions intensify minority discrimination through an analysis of two types religious persecution following the Arab uprisings. We argue that weakened institutions prevalence outbidding during political make societal-based (SRD) more likely to increase than government-based (GRD). is because social divisions are often exacerbated unrest difficult...

This article explores the application of ideas about path dependence to the study of national political regime change. It first reviews the central components of pathdependent explanation, including the concepts of critical juncture and legacy. This mode of explanation is then employed in the analysis of diverging regime trajectories in Central America during the 19th and 20th centuries. The ar...