Question: Explain why Regulatory Pillar effectively supports formal institutions, while Normative, and Cognitive Pillars are suitable for informal institutions.

Explain why Regulatory Pillar effectively supports formal institutions, while Normative, and Cognitive Pillars are suitable for informal institutions.

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The Regulatory Normative and Cognitive Pillars are concepts from institutional theory which is used to understand how institutions both formal and inf... View full answer

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