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La formalización de los acuerdos de subcontratación: el caso de la industria electrónica española

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    Abstract

    This paper studies the adoption of formal contracts as a safeguard mechanism in subcontracting agreements in the Spanish electronic industry, examining its relation with specificity, uncertainty, size, and the existence of other safeguards. The analysis of 74 subcontracting agreements confirms that the probability of writing a formal contract is positively related to the contractor's size, and negatively related to the subcontracted activity specificity, to the degree of previous knowledge and confidence between firms, and to the contractor's capacity for substituting the subcontractor. Furthermore, statistically significant differences in the use of formal contracts are also detected, depending on the electronic subsector considered and the nature of the subcontracted activity (goods or services). (Copyright: Fundación Empresa Pública)

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    File URL: ftp://ftp.fundacionsepi.es/InvEcon/paperArchive/Ene2002/v26i1a4.pdf
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    Article provided by Fundación SEPI in its journal Investigaciones Economicas.

    Volume (Year): 26 (2002)
    Issue (Month): 1 (January)
    Pages: 87-111

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    Handle: RePEc:iec:inveco:v:26:y:2002:i:1:p:87-111

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    Postal: Investigaciones Economicas Fundación SEPI Quintana, 2 (planta 3) 28008 Madrid Spain
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    Related research

    Keywords: transaction costs; incomplete contracts; formal contracts; electronic industry; subcontracting.;

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    1. Crocker, K.J. & Masten, S.E., 1988. "Pretia Ex Machina?: Prices And Process In Long-Term Contracts," Papers 10-88-2, Pennsylvania State - Department of Economics.
    2. Al-Najjar, Nabil I, 1995. "Incomplete Contracts and the Governance of Complex Contractual Relationships," American Economic Review, American Economic Association, vol. 85(2), pages 432-36, May.
    3. Asanuma, Banri, 1989. "Manufacturer-supplier relationships in Japan and the concept of relation-specific skill," Journal of the Japanese and International Economies, Elsevier, vol. 3(1), pages 1-30, March.
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