Bragelien, Iver; Impink, Joost - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2014
We investigate the relevance of relationship-specificity in explaining firm performance and firm value. First, we use … an incomplete contracts model to derive hypotheses on how relationship-specificity interacts with bargaining power and … Nunn (2007) to measure relationship-specificity at the industry level. Relationship-specific investments are considered to …