The impact of asset specificity on single-period contracting

Article Abstract:

A model on asset specificity was developed to analyze its effect on single-period contracting. The model assumes that risk-averse rational people who wish to maximize contractual gains consider nature as the only source of risk. The model predicts that specification decreases incentives to contracting and the degree of commitment by involved parties. Risk aversion puts more emphasis on the importance of asset specificity which raises premium and increases incentive.

Management, Specific performance

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The governance problem, asset specificity and corporate financing decisions

Article Abstract:

An analysis of portfolio management techniques in lew of asset specificity reveals that debt financing decisions are determined by the degree of asset specificity. The study reveals that a high rate of asset specificity negates the need for debt financing and that firms with less specificity will tend to turn to debt financing for liquidation. The study is inconclusive but gives suggestions on why the corporate capital structure moves the way it does.

Research and Development in the Social Sciences and Humanities, Management Science, Portfolio management, Corporate governance, Liquidation

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On the survival of contracts: assessing the stability of technology licensing agreements in the Brazilian seed industry

Article Abstract:

Data from technology licensing contracts between Brazilian seed companies and the Brazilian Federal Agricultural Research Organization is used to examine the survival of contractual relationships.

Science & research, Alliances, partnerships, Brazil, Licensing/Sales Agreements, Business Associations, Contract Administration, Horticultural Specialties, Membership organizations, not elsewhere classified, Farm Associations, Research, Licensing agreements, Company licensing agreement, Seed industry, Contract management, Agricultural societies, Agricultural associations

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