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Governance structure and transaction cost: relationship between strategy and asset specificity

Author

Listed:
  • Christian Luiz da Silva

    (UniFAE)

  • Maria Sylvia M. Saes

    (USP)

Abstract

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.

Suggested Citation

  • Christian Luiz da Silva & Maria Sylvia M. Saes, 2007. "Governance structure and transaction cost: relationship between strategy and asset specificity," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 17(3), pages 443-468, September.
  • Handle: RePEc:nov:artigo:v:17:y:2007:i:3:p:443-468
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    Citations

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    Cited by:

    1. Gui, Emi Minghui & Diesendorf, Mark & MacGill, Iain, 2017. "Distributed energy infrastructure paradigm: Community microgrids in a new institutional economics context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 1355-1365.
    2. Monteiro, Guilherme Fowler A. & Saes, Maria Sylvia Macchione & Caleman, Silvia Morales de Queiroz & Zylbersztajn, D├ęcio, 2012. "The Role of Empirical Research in the Study of Complex Forms of Governance in Agroindustrial Systems," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 50(4), pages 1-16, December.

    More about this item

    Keywords

    governance structure; transaction cost; strategies;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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