Journal of Yaşar University

Yazarlar: Tugba GURCAYLILAR YENIDOGAN

Konular:-

DOI:10.19168/jyu.47234

Anahtar Kelimeler:Contractual Complexity,Contractual Completeness,Transaction-related Factors,Experience-related Factors.

Özet: The aim of this study is to provide an assessment of the empirical studies on the economic rationality of designing a contract. For this purpose, this study set out Parkhe’s work (1993) that explores the transactional and relational determinants of the degree of contractual complexity. This study shows that transaction-related factors, trust, experience gained from prior relationships and inter-organizational learning efforts are the determinants of contractual design. In addition, the factors affecting the contract design have different effects on each dimension of the contract (contractual complexity, term specificity, contingency planning and contractual obligatoriness). Hence, future research can contribute to the literature if it aims to explore the antecedents of contract design by considering the relationships between governance problems (safeguarding, coordination and adaptation) and contractual dimensions (contractual complexity, duration of the contract, term specificity, contractual obligatoriness etc.). In conclusion, this study proposes an integrative conceptual model based on the perspectives of organizational economics and strategic management for future research that aims to explore the antecedents of contractual design.

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