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Транснационални Корпорации И Транзакционни Разходи
[Multinational Corporations and Transaction Costs]

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  • Todorova, Tamara

Abstract

Technological innovation brings down the costs of organizing activities within the firm, thus, providing transaction advantages for multinational firms which appear to be technological innovators. The multinational corporation is a complex hierarchical structure dislocated in many countries and replacing the international market in the process of allocating global resources. Confronted with the giant costs of using the mechanism of the global market multinational corporations often turn out to be monopolists rather than firms deliberately seeking to find a monopolistic or oligopolistic place on the market. The more expensive the relevant regional or national market in terms of the transaction cost level, the greater the advantage of the hierarchical structure over it and the weaker the autonomy of the firm subsidiaries on such markets. Multinational corporations tend to overcome the numerous risks and externalities of the global market through the mechanism of horizontal and vertical integration.

Suggested Citation

  • Todorova, Tamara, 2000. "Транснационални Корпорации И Транзакционни Разходи [Multinational Corporations and Transaction Costs]," MPRA Paper 75798, University Library of Munich, Germany, revised 2000.
    • Handle: RePEc:pra:mprapa:75798
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Multinational corporations; transaction costs; technological transfer; intra-firm pricing;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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