Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5092471 | Journal of Comparative Economics | 2012 | 19 Pages |
Abstract
⺠Studies on vertical integration focus on asset specificity and contractual incompleteness. ⺠What is overlooked is the quality of underlying institutions, especially, contracting institutions. ⺠We find that poorer contracting institutions cause firms to be more vertically integrated. ⺠Our results are robust to various checks, especially the inclusion of financial institutions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Julan Du, Yi Lu, Zhigang Tao,