Courts and Relational Contracts
研究后共产主义国家中法院与关系在契约执行中的相对重要性,发现法院有效性显著促进企业间新关系的信任建立和尝试新供应商,尤其当需要特定投资时。
Post-communist countries offer new evidence on the relative importance of courts and relationships in enforcing contracts. Belief in the effectiveness of courts has a significant positive effect on the level of trust shown in new relationships between firms and their customers. Well-functioning courts also encourage entrepreneurs to try out new suppliers. Courts are particularly important when specific investments are needed for a relationship to develop. While relationships can sustain existing interactions, workable courts help new interactions to start and develop.