Relational contracts: recent empirical advancements and open questions

Macchiavello, Rocco ORCID: 0009-0007-5465-3153 and Morjaria, Ameet (2023) Relational contracts: recent empirical advancements and open questions. Journal of Institutional and Theoretical Economics, 179 (3-4). 673 - 700. ISSN 0932-4569

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Abstract

Relational contracts – informal self-enforcing agreements sustained by repeated interactions – are ubiquitous both within and across organizational boundaries. This review highlights recent empirical contributions in selected areas. We begin by reviewing some recent work that explicitly takes the dynamic enforcement constraints that underpin relational contract theory to the data. We then discuss the relationship between relational contracting and firms’ performance. We conclude by pointing in directions that we consider to be particularly ripe for future work.

Item Type:	Article
Official URL:	https://www.mohrsiebeck.com/en/journal/journal-of-...
Additional Information:	© 2023 Mohr Siebeck.
Divisions:	Management
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	10 May 2024 09:00
Last Modified:	13 Jul 2024 06:30
URI:	http://eprints.lse.ac.uk/id/eprint/123003

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