In contrast to prior studies examining strategic alliances as a discrete governance structure (e.g., alliance versus M&A), we investigate their particular contractual features. A focus on the contractual provisions that firms employ in alliances also permits a more finegrained understanding of alliance design relative to broad taxonomies of collaborative agreements that are currently in use (e....

This article provides an empirical study of the determinants of academic patenting. The data concern more than nine hundred scholars at Université Louis Pasteur in Strasbourg. Our main results show that academic incentives and career issues do not stimulate patenting. Research organization plays a major role for patent production. We find positive effects of laboratory size, of interdisciplinar...

We examine the effects of changes in competitive conditions on the structure of loan contracts. In particular, we present conditions in which greater loan market competition reduces the stringency of contractual collateral requirements, a prediction that is consistent with anecdotal evidence from loan markets. We also analyze the interaction between the degree of competition and the efficiency ...

Contracts within governance classes, e.g. alliances or supply chain contracts, display a great degree of variation in contractual design. Different propositions have been advanced on the influence of repeated interactions on contractual complexity. In this paper, we explore the alignment between provisions in functional classes and the underlying transaction attributes. The transaction cost imp...

An important determinant of health system performance is contracting. Providers often respond to financial incentives, despite the ethical underpinnings of medicine, and payers can craft contracts to influence performance. Yet contracting is highly imperfect in both single-payer and multi-payer health systems. Arguably, in a competitive, multi-payer environment, contractual innovation may occur...

Transaction support is vital for reliability of business processes which nowadays can involve dynamically composed services across the Internet. However, no single transaction model is comprehensive enough to accommodate various transactional properties demanded by those processes. Therefore we intend to develop a Business Transaction Framework (BTF) that utilizes existing ingredients in the co...