The importance of contract enforcement and formal and informal agreements has recently become an increasingly researched area in management. A major part of this research is the difference between the sociological and management approach and that of the recent developments in organization economics. Recent works in this area include Barney (1990), Eisenhardt (1989) and Noord erhaven (1992). The main purpose of this paper is to try and develop the ideas in these works further with respect to agreements and non-legal forms of contracts. We do this by comparing systems of cooperation and agreements in Eastern Europe, East Asia and Southeast Asia.
Get full access to this article
View all access options for this article.
References
1.
Baiman, S.1982'Agency research in managerial accounting: a survey' . Journal of Accounting Literature1: 154-213.
2.
Barney, J.B.1990'The debate between traditional management theory and organizational economics: substantive differences or intergroup conflict' . Academy of Management Review15: 382-393.
3.
Beale, H., and T. Dugdale1975'Contracts between businessmen; planning and the use of contractual remedies'. British Journal of Law and Society2: 45-60.
4.
Camerer, C., and A. Vepsalainen1988'The economic efficiency of corporate culture'. Strategic Management Journal9: 115-126.
5.
Caves, R. and D. Marin1992'Countertrade transactions: theory and evidence' . Economic Journal102: 1171-1183.
6.
Choi, C.J., and D. Maldoom1992'A simple model of buybacks'. Economics Letters, 40: 77-82.
7.
Choi, C.J., and B. Hilton1994'Customer base and competitive strategy'. Journal of Marketing Management, forthcoming.
8.
Eisenhardt, K.M.1989'Agency theory: an assessment and review'. Academy of Management Review14: 57-74.
9.
Fortune1992Fortune , Vol. 126, July 6.
10.
Jensen, M.C., and W.H. Meckling1976'Theory of the firm: managerial behaviour, agency costs and ownership structure'. Journal of Financial Economics3: 305-360.
11.
Jesudason, J.V.1990Ethnicity and the economy. Oxford: Oxford University Press.
12.
Kydland, F., and E. Prescott1977'Rules rather than discretion: the inconsistency of optimal plans'. Journal of Political Economy85: 473-491.
13.
Landa, J.1981'A theory of the ethnically homogeneous middleman group'. Journal of Legal Studies10: 349-362.
14.
Lipson, C.1991'Why are some international agreements informal?'International Organization45: (Autumn) 495-538.
15.
Macaulay, S.1963'Non-contractual relations in business: a preliminary study'. American Sociological Review28: 55-70.
16.
Noorderhaven, N.G.1992'The problem of contract enforcement in economic organization theory'. Organization Studies13/2: 229-243.
17.
Olson, M.1991'Autocracy, Democracy, and Prosperity' in Strategy and choice. R. Zeckhauser (ed.), 131-160. Cambridge, MA: MIT Press.
18.
Olson, M.1992'The hidden path to a successful economy' in The emergence of market economies in Eastern Europe . C. Clague and G. Rausser (eds.), 112-131. Cambridge: Blackwell.
19.
Schelling, T.C.1960The strategy of conflict. Cambridge, MA: Harvard University Press.
20.
Schelling, T.C.1971'Racial segregation and tipping models'. Mimeo, Harvard University, Kennedy School of Government.
21.
Spence, M.1974Market signalling: information transfer in hiring and related screening processes. Cambridge, MA : Harvard University Press.
22.
Whitley, R.1990'Eastern Asian enterprise structures and the comparative analysis of forms of business organization'. Organization Studies11/1: 47-74.
23.
Williamson, O.1983'Credible commitments: using hostages to support exchange'. American Economic Review73: 519-540.
