The legal environment, specialized investments, incomplete contracts, and labor productivity
Sign Up to like & getrecommendations! Published in 2021 at "China Economic Review"
DOI: 10.1016/j.chieco.2021.101583
Abstract: Abstract This paper provides a framework for analyzing the interactions among legal environments, incomplete contracts and specialized investments. It is well known that providers of specialized investments may be taken advantage when the contract is… read more here.
Keywords: specialized investments; productivity; incomplete contracts; legal environment ... See more keywords
Incomplete contracts and allocation of residual claim along the global value chains: evidence from Japan
Sign Up to like & getrecommendations! Published in 2019 at "Applied Economics Letters"
DOI: 10.1080/13504851.2019.1659924
Abstract: ABSTRACT The seminal work by Antràs and Chor in 2013 predicted that, under incomplete-contracting environments, the optimal allocation of residual claim for firms participating in global production depends on the relative position at which the… read more here.
Keywords: value; evidence; allocation residual; incomplete contracts ... See more keywords
Welfare Effects of State-owned Multinational Enterprises: A View from Agency and Incomplete Contracts Theory
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Public Sector Management"
DOI: 10.1108/ijpsm-03-2017-0110
Abstract: The purpose of this paper is to theoretically investigate the potential welfare effects of state-owned enterprises’ (SOEs) international operations.,The paper is conceptual, applying standard economics state ownership theory based on agency theory and incomplete contracts… read more here.
Keywords: state; welfare effects; state ownership; state owned ... See more keywords