NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Opting Out of Good Governance

C. Fritz Foley, Paul Goldsmith-Pinkham, Jonathan Greenstein, Eric Zwick

NBER Working Paper No. 19953
Issued in March 2014

---- Acknowledgements ----

We thank Ed Glaeser, Andrei Shleifer, and seminar participants at Harvard and MIT for helpful comments and suggestions. Foley thanks the Division of Research of the Harvard Business School for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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