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Definition
| Exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country’s political and/ or legal environments |
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| refers to government attempts to influence the direction of the economy through changes in government taxes, or through some spending (fiscal allowances) |
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| the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy |
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| Ideas or works created by people or firms, such as patents, trademarks, and copyrights. |
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| A set of formal institutions that constitute a government |
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| A system for interpreting and enforcing laws |
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| The existence of a legal system where rules are clear, publicly disclosed, fairly enforced, and widely respected by individuals, organizations, and the government |
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| Application of home-country laws to persons or conduct outside of national borders. |
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| The degree to which firms regularly reveal substantial information about their financial condition and accounting practices |
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| Corporate social responsibility (CSR) |
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Definition
| Operating a business in a manner that meets or exceeds the ethical, legal, commercial, and public expectations of stakeholders (customers, shareholders, employees, and communities) |
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| Intellectual property rights |
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Definition
| The legal claim through which the proprietary assets of firms and individuals are protected from unauthorized use by other parties |
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