Contract law, social norms and inter-firm cooperation
研究了德国、英国和意大利的企业间合同监管,发现合同法在支撑长期合作和促进信任方面有重要作用,其影响取决于法律体系与其他制度的关系。
This paper analyses the regulation of inter-firm contracting in Germany, Britain and Italy. Contrary to earlier empirical studies and to models drawn from transaction-cost theory, we find that contract law may play an important role in underpinning long-term, cooperative relationships and in fostering trust. The impact of contract law depends on the relationship between the legal system and other forms of institutional regulation, including trade associations and standard-setting bodies.