- Article
Reciprocity and Veto Power in Relation-Specific Investments: An Experimental Study
- Kaiming Zheng,
- Xiaoyuan Wang,
- Debing Ni and
- Yang Yang
Relation-specific investments are usually associated with great risk. Investors, afraid of being held up, are likely to invest too little, endangering both financial and organizational sustainability. Theory suggests that relation-specific investment...