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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)

Suggested Citation

  • Susana López-Bayón & Juan Ventura-Victoria & Manuel González-Díaz, 2002. "La formalización de los acuerdos de subcontratación: el caso de la industria electrónica española," Investigaciones Economicas, Fundación SEPI, vol. 26(1), pages 87-111, January.
  • Handle: RePEc:iec:inveco:v:26:y:2002:i:1:p:87-111
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    References listed on IDEAS

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    1. Al-Najjar, Nabil I, 1995. "Incomplete Contracts and the Governance of Complex Contractual Relationships," American Economic Review, American Economic Association, vol. 85(2), pages 432-436, May.
    2. Crocker, Keith J & Masten, Scott E, 1991. "Pretia ex Machina? Prices and Process in Long-Term Contracts," Journal of Law and Economics, University of Chicago Press, vol. 34(1), pages 69-99, April.
    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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    More about this item

    Keywords

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

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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