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Contracts in Hungarian Food Chains

Author

Listed:
  • Imre Ferto

    (Corvinus University of Budapest and Institute of Economics, Hungarian Academy of Sciences, Hungary)

  • Bakucs Lajos Zoltan

    (Institute of Economics, Hungarian Academy of Sciences, Hungary)

  • Sándor Elek

    (Corvinus University of Budapest, Hungary)

  • Csaba Forgacs

    (Corvinus University of Budapest, Hungary)

Abstract

The paper analyses small and medium firms’ contractual relations along the food chain in central region of Hungary using survey data. We focus on two specific aspects of contracts: type of contract and contract fulfilment. Contrary to previous studies which concentrated only on producers’ behaviour we investigate three stages of food chain: producers, processors, and retailers. Our results confirm that firm and managerial attributes has important role in contract decisions. Moreover, transactional characteristics also influence the existence of written contract. Our estimations also reveal that contract fulfilment is significantly affected by the design of the contract. Interestingly the impact of branch specific characteristics has only limited role explaining contract decisions and contract design.

Suggested Citation

  • Imre Ferto & Bakucs Lajos Zoltan & Sándor Elek & Csaba Forgacs, 2011. "Contracts in Hungarian Food Chains," MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers],, University of Primorska, Faculty of Management Koper.
    • Handle: RePEc:mgt:micp11:425-436
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    References listed on IDEAS

    as
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    12. Fraser, Iain, 2005. "Microeconometric analysis of wine grape supply contracts in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-24.
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    Cited by:

    1. Zsófia Benedek & Imre Fertő & Lajos Baráth & József Tóth, 2014. "Differences of small-scale farmers and the related short agri-food value chains An empirical evidence from Hungary," CERS-IE WORKING PAPERS 1409, Institute of Economics, Centre for Economic and Regional Studies.

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