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| Author: | Bolton, M. Malmrose, R. Ouchi, W. |
| Title: | The organization of innovation in the United States and Japan: neoclassical and relational contracting |
| Journal: | Journal of Management Studies
1994 : SEP, VOL. 31:5, p. 653-680 |
| Index terms: | JAPAN USA FORTRAN |
| Language: | eng |
| Abstract: | This article discusses the role of intermediate governance structures between vertically related industries in the specific context of technological innovation. In the United States, relations between firms in vertically related industries correspond closely to the neo-classical contracting model, characterized by arms-length, spot contracting on the open market. In Japan , inter-firm relations are more likely to involve relational contracting, characterized by stable bonding mechanisms. |
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