Revista de Administração Revista de Administração
Revista de Administração 2017;52:492-6 DOI: 10.1016/j.rausp.2017.08.009
ThinkBox
Informal contracting between and within firms
Ricard Gila,, , Giorgio Zanaroneb
a Johns Hopkins Carey Business School, Baltimore, USA
b Colegio Universitario Estudios Financieros (CUNEF), Madrid, Spain
Abstract

While informal contracts are widely used in modern economies, limited systematic empirical evidence is available to researchers and policy makers. This paper aims to fill the gap by discussing a selected sample of empirical works through the lens of a theoretical framework that clarifies the role of informal contracts. We also highlight unexplored research opportunities offered by more recent theoretical models that investigate how informal contracts are built over time, how they are subject to path dependency, and how relational rents are created, and are awaiting empirical analysis.

Keywords
Informal contracts, Enforcement, Empirical evidence, Testability
Revista de Administração 2017;52:492-6 DOI: 10.1016/j.rausp.2017.08.009