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4. On the survival of contracts: assessing the stability of technology licensing agreements in the brazilian seed industry

Type:	Artigo Científico
Title:	On the survival of contracts: assessing the stability of technology licensing agreements in the brazilian seed industry
Author:	Zylbersztajn, Decio Lazzarini, Sergio Giovanetti
Publication Date:	2003
Abstract:	The present study focuses on contract duration as defined ex post, meaning that the “survival” of contractual relationships is observed over time. Our empirical study employs hazard rate models with time-varying covariates, using data from technology licensing contracts between seed companies and a governmental R&D organization in Brazil, EMBRAPA. We find evidence that rates of contract termination (1) decrease with the level of quasi-rents available in the relationship; (2) decrease as a function of past satisfactory outcomes; (3) increase with the extent of disturbances affecting the technology’s demand; and, other things being equal, (4) increase (rather than decrease) over time.
Keywords (english terms):	Contract duration Transaction cost economics Self-enforcement Technology licensing
Language:	Inglês
CNPq Area:	Ciências Sociais Aplicadas
URI:	https://www.sciencedirect.com/science/article/pii/S0167268103001653
Copyright:	O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.
Appears in Collections:	Coleção de Artigos

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