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中文摘要：
交易的治理模式包含正式的合约治理与非正式的关系治理两种,影响治理模式选择的因素很多,其中不确定性和资产专用性是被广泛讨论的两个主要因素,但关于它们的作用却仍然没有统一的研究结论。文章利用来自农业龙头企业与农户间交易的数据,试图在这一特定情境下,对不确定性与资产专用性将如何影响交易的治理模式进行分析。研究发现,相对合约治理来说,农业龙头企业与农户间的关系治理能够更好地应对资产专用性和不确定性带来的风险;而农业龙头企业投入的物质资产专用性的增加也应该伴随着更多的合约治理。文章的研究结果对我国农业龙头企业和农户合作的治理模式选择有一定的实践指导意义。
英文摘要：
The governance modes of exchange include formal contractual governance and informal relational governance.There are many factors influencing governance modes.Asset specificity and uncertainty are the two main factors that have been widely discussed in literature.But there is no consensus result about their effects yet.This article tries to analyze the effects of assets specificity and uncertainty on the governance of the exchange between Chinese agribusiness and farmers.In this special context,we find that relational governance is more effective than contractual governance to handle the hazards from assets specificity and uncertainty in the mass.However,when the physical assets specificity increases,more contractual governance should be applied.
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