bei Google ScholarTitelangaben
Defever, Fabrice ; Fischer, Christian ; Suedekum, Jens:
Relational contracts and supplier turnover in the global economy.
In: Journal of International Economics.
Bd. 103
(2016)
.
- S. 147-165.
ISSN 0022-1996
DOI: https://doi.org/10.1016/j.jinteco.2016.09.002
Abstract
Headquarters and their specialized component suppliers have a vital interest in establishing long-term collaborations. When formal contracts are not enforceable, such efficiency-enhancing cooperations can be established via informal agreements, but relational contracts have been largely ignored in the literature on the international organization of value chains. In this paper, we develop a dynamic property rights model of global sourcing. A domestic headquarter collaborates with a foreign input supplier and makes two decisions in every period: i) whether to engage in a costly search for a better partner, and ii) whether to make a non-binding offer to overcome hold-up problems. Our key result is that the possibility to switch partners crucially affects the contractual nature of buyer-supplier relationships. In particular, some patient firms do not immediately establish a relational contract, but only when they decide to stop searching and thus launch a long-term collaboration with their supplier. {Using firm-product-level data of fresh Chinese exporters to the US, we obtain empirical evidence in line with the predictions of our theory.
Weitere Angaben
| Publikationsform: | Artikel in einer Zeitschrift |
|---|---|
| Begutachteter Beitrag: | Ja |
| Institutionen der Universität: | Fakultäten > Rechts- und Wirtschaftswissenschaftliche Fakultät > Fachgruppe Volkswirtschaftslehre Fakultäten Fakultäten > Rechts- und Wirtschaftswissenschaftliche Fakultät Fakultäten > Rechts- und Wirtschaftswissenschaftliche Fakultät > Fachgruppe Volkswirtschaftslehre > Juniorprofessur Internationale Volkswirtschaftslehre > Juniorprofessur Internationale Volkswirtschaftslehre - Juniorprof. Dr. Christian Fischer-Thöne Fakultäten > Rechts- und Wirtschaftswissenschaftliche Fakultät > Fachgruppe Volkswirtschaftslehre > Juniorprofessur Internationale Volkswirtschaftslehre |
| Titel an der UBT entstanden: | Nein |
| Themengebiete aus DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Eingestellt am: | 20 Apr 2017 13:17 |
| Letzte Änderung: | 27 Apr 2017 06:34 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/36804 |