Premium
Institutional shrinkage: The deviant case of Swiss banking secrecy
Author(s) -
Steinlin Simon,
Trampusch Christine
Publication year - 2012
Publication title -
regulation and governance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.417
H-Index - 45
eISSN - 1748-5991
pISSN - 1748-5983
DOI - 10.1111/j.1748-5991.2012.01128.x
Subject(s) - secrecy , corporate governance , institutional change , institutional theory , law and economics , shrinkage , business , momentum (technical analysis) , institutional analysis , political science , accounting , positive economics , economics , law , sociology , public administration , computer science , social science , management , machine learning , finance
Using the Mahoney–Thelen causal model one would expect “layering” to be the dominant kind of institutional change affecting Swiss banking secrecy. Our research into governance in Swiss banking shows that it does not fit this theoretical model. Applying deviant case analysis we have refined our understanding of institutional change. We argue that the removal of rules and the momentum of pressure should be acknowledged when explaining variations of institutional change and we suggest that the processes of shrinkage should not be ignored.