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- W2139490768 abstract "Some argue that the Japanese subcontractin~ system includes a sort of risk sharing mechanism, and is therefore efficient. A survey of previous empirical studies on this subject reveals that their results are not persuasive enough because of some serious estimation problems. This paper proves in an alternative way the existence of and recent changes in risk sharing in subcontracting relations since the mid-80s, using two data sets of Japanese auto parts makers. The results suggest that the auto makers absorb a part of the risk of parts suppliers: The profit rate of suppliers as well as its stability is significantly influenced by the intensity of business relations. The structural change in the subcontracting relations in recent years seems to have weakened the effect of risk sharing between business partners." @default.
- W2139490768 created "2016-06-24" @default.
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- W2139490768 date "1995-12-01" @default.
- W2139490768 modified "2023-09-28" @default.
- W2139490768 title "Changing Subcontracting Relations and Risk-sharing in Japan: An Econometric Analysis of the Automobile Industry" @default.
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- W2139490768 doi "https://doi.org/10.15057/7757" @default.
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