The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
The Many Futures of Contracts: Moving Beyond Structure and Safeguarding to Coordination and Adaptation
Abstract
In this article, we review the literature on interfirm contracting in an effort to synthesize existing research and direct future scholarship. While transaction cost economics (TCE) is the most prominent perspective informing the “optimal governance” and “safeguarding” function of contracts, our review indicates other perspectives are necessary to understand how contracts are structured: relational capabilities (i.e., building cooperation, creating trust), firm capabilities, relational contracts, and the real option value of a contract. Our review also indicates that contract research is moving away from a narrow focus on contract structure and its safeguarding function toward a broader focus that also highlights adaptation and coordination. We end by noting the following research gaps: consequences of contracting, specifically outcome assessment; strategic options, decision rights, and the evolution of dynamic capabilities; contextual constraints of relational capabilities; contextual constraints of contracting capabilities; complements, substitutes, and bundles; and contract structure and social process.
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Cites
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BackgroundA systematic assessment of the empirical support for transaction cost economics
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Cited by
Schilke, O., Hu, S., & Helfat, C. E. (2018) · Academy of Management Annals · doi:10.5465/annals.2016.0014 · Cited by 1,226
Paradox research in management science: Looking back to move forward
Schad, J., Lewis, M. W., Raisch, S., & Smith, W. K. (2016) · Academy of Management Annals · doi:10.5465/19416520.2016.1162422 · Cited by 1,385
Cao, Z., & Lumineau, F. (2015) · Journal of Operations Management · doi:10.1016/j.jom.2014.09.009 · Cited by 937
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Blockchain Governance—A New Way of Organizing Collaborations?
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Metadata
- Authors
- Schepker, D. J., Oh, W.-Y., Martynov, A., & Poppo, L.
- Venue
- Journal of Management
- Publisher
- SAGE Publications
- Published
- 2013-06-10
- Volume
- 40
- Issue
- 1
- Pages
- 193-225
- ISSN
- 0149-2063 (ISSN-L)
- 1557-1211
- OpenAlex
- W1992380217
- Cited by
- 794
- References
- 10
- FWCI
- 105.28
- Type
- journal article
- Language
- en
- Open access
- closed
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- Schepker, D. J., Oh, W.-Y., Martynov, A., & Poppo, L. (2014). The Many Futures of Contracts: Moving Beyond Structure and Safeguarding to Coordination and Adaptation. Journal of Management. https://doi.org/10.1177/0149206313491289
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
