Contract enforcement in Hungarian agri-food chain: the case of small and medium enterprises

Imre Fertő

No 134956, 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK from Agricultural Economics Society

Abstract: The paper analyses small and medium firms’ perceptions on contract enforcement along food chain in central region of Hungary using survey data. We find that 59 per cent of respondents believe that they could use court to enforce contracts with their partner. However we do not find significant differences along food chain. Our estimations suggest that contractual specificity and firm attributes, external linkages, efficiency of legal systems factors, buyer and seller specific factors significantly influence the opinion on contract enforcement. Interestingly, the impact of branch specific characteristics has no impacts. Acceptance of financial loss can be explained by contractual specificity, external linkages, and efficiency of legal systems. Buyer, seller and industry characteristics has not played role in the explanation of financial losses.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 13
Date: 2012-04
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/134956/files/Imre_Ferto_AES__2012_Ferto.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aesc12:134956

DOI: 10.22004/ag.econ.134956

Access Statistics for this paper

More papers in 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK from Agricultural Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().