Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jce.2011.10.002
Title: Contracting institutions and vertical integration: Evidence from China's manufacturing firms
Authors: Du, J.
Lu, Y. 
Tao, Z.
Keywords: Contracting institutions
Legal origins
Vertical integration
Issue Date: Feb-2012
Source: Du, J., Lu, Y., Tao, Z. (2012-02). Contracting institutions and vertical integration: Evidence from China's manufacturing firms. Journal of Comparative Economics 40 (1) : 89-107. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jce.2011.10.002
Abstract: The existing studies on vertical integration focus on factors at the transaction parties' level, such as asset specificity and contractual incompleteness. What is overlooked is the quality of the underlying institutions, in particular, contracting institutions. In this paper, using a World Bank data set of manufacturing firms in China, we find that poorer contracting institutions cause firms to be more vertically integrated. Our results are robust to various checks, especially the inclusion of the quality of financial institutions. © 2011 Association for Comparative Economic Studies.
Source Title: Journal of Comparative Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/52122
ISSN: 01475967
DOI: 10.1016/j.jce.2011.10.002
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