HIGHLIGHTS
SUMMARY
Studies have shown the significance of informal networks, particularly in countries with underdeveloped or absent formal institutions to support market transactions, such as governments and legal/regulatory bodies (Peng et_al, 2009; Puffer et_al, 2010). The authors focus on the interplay between informal networks (Horak et_al, 2020; Lee et_al, 2022; Minbaeva et_al, 2022) and informal institutions (cultural/societal norms and expectations) (North, 1990, 1991; Williamson, 1998, 2000). Knowledge of informal networks is important to understand the power of informal relationships (Henry et_al, 2004), yet the knowledge on how informal networks are enacted and influenced by . . .
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