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

Susana López-Bayón (), Juan Ventura-Victoria () and Manuel González-Díaz ()
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Susana López-Bayón: Universidad de Oviedo, https://www.uniovi.es/
Juan Ventura-Victoria: Universidad de Oviedo, https://www.uniovi.es/
Manuel González-Díaz: Universidad de Oviedo, https://www.uniovi.es/

Investigaciones Economicas, 2002, vol. 26, issue 1, 87-111

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)

Keywords: transaction costs; incomplete contracts; formal contracts; electronic industry; subcontracting. (search for similar items in EconPapers)
JEL-codes: L14 L22 L63 (search for similar items in EconPapers)
Date: 2002
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