Governance structure and transaction cost: relationship between strategy and asset specificity
This article presents a theoretical discussion of the determining factors of governance structures, using the transaction cost approach. The coexistence of distinct structures in the same production chain, whose assets show no difference in terms of specificity, is a problematic challenge for transa...
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Universidade Federal de Minas Gerais
2007-12-01
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doaj-8ac12171bd5340749baf8fa4cecf79f02020-11-24T21:08:39ZengUniversidade Federal de Minas GeraisNova Economia0103-63512007-12-01173443468Governance structure and transaction cost: relationship between strategy and asset specificityChristian Luiz da SilvaMaria Sylvia M. SaesThis article presents a theoretical discussion of the determining factors of governance structures, using the transaction cost approach. The coexistence of distinct structures in the same production chain, whose assets show no difference in terms of specificity, is a problematic challenge for transaction cost economics, since it predicts a convergence towards the most efficient structures. The research is pure and explanatory and seeks to identify the determining or contributing variables to the occurrence of the phenomena. Thus, the research source is documental, encompassing the literature discussing the relation between governance structure and transaction cost.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512007000300004&lng=pt&nrm=iso&tlng=ptgovernance structuretransaction coststrategies |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Christian Luiz da Silva Maria Sylvia M. Saes |
spellingShingle |
Christian Luiz da Silva Maria Sylvia M. Saes Governance structure and transaction cost: relationship between strategy and asset specificity Nova Economia governance structure transaction cost strategies |
author_facet |
Christian Luiz da Silva Maria Sylvia M. Saes |
author_sort |
Christian Luiz da Silva |
title |
Governance structure and transaction cost: relationship between strategy and asset specificity |
title_short |
Governance structure and transaction cost: relationship between strategy and asset specificity |
title_full |
Governance structure and transaction cost: relationship between strategy and asset specificity |
title_fullStr |
Governance structure and transaction cost: relationship between strategy and asset specificity |
title_full_unstemmed |
Governance structure and transaction cost: relationship between strategy and asset specificity |
title_sort |
governance structure and transaction cost: relationship between strategy and asset specificity |
publisher |
Universidade Federal de Minas Gerais |
series |
Nova Economia |
issn |
0103-6351 |
publishDate |
2007-12-01 |
description |
This article presents a theoretical discussion of the determining factors of governance structures, using the transaction cost approach. The coexistence of distinct structures in the same production chain, whose assets show no difference in terms of specificity, is a problematic challenge for transaction cost economics, since it predicts a convergence towards the most efficient structures. The research is pure and explanatory and seeks to identify the determining or contributing variables to the occurrence of the phenomena. Thus, the research source is documental, encompassing the literature discussing the relation between governance structure and transaction cost. |
topic |
governance structure transaction cost strategies |
url |
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512007000300004&lng=pt&nrm=iso&tlng=pt |
work_keys_str_mv |
AT christianluizdasilva governancestructureandtransactioncostrelationshipbetweenstrategyandassetspecificity AT mariasylviamsaes governancestructureandtransactioncostrelationshipbetweenstrategyandassetspecificity |
_version_ |
1716760049999675392 |