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Managing Transaction Costs in the Era of Globalization

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  • Frank A.G. den Butter

Abstract

Frank A.G. den Butter explains the importance and means of keeping transaction costs as low as possible. He illustrates how this transaction management can contribute to making firms and nations more competitive by exploiting gains from the division of labour and international fragmentation of production, and uses relevant case studies to illustrate how value is created by reducing transaction costs. Policy recommendations for strengthening the competitive position of trading nations and reducing implementation costs of government policy are presented, and management methods for creating value in organizing production on a global scale are prescribed.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Frank A.G. den Butter, 2012. "Managing Transaction Costs in the Era of Globalization," Books, Edward Elgar Publishing, number 14748.
    • Handle: RePEc:elg:eebook:14748
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    Citations

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    Cited by:

    1. Frank A.G. den Butter & Jelle Joustra, 2014. "The Industrial Organisation of the Dance Industry in the Netherlands: a Transaction Cost Perspective on Hybrid Forms of Organisation," Tinbergen Institute Discussion Papers 14-095/VI, Tinbergen Institute.
    2. Frank A. G. Den Butter & Jelle V. Joustra, 2015. "Trust as Governance Tool in Hybrid Organizations: A Case Study for the Dance Industry in the Netherlands," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(1), pages 1-1, December.
    3. Ebel Berghuis & Frank A.G. den Butter, 2013. "Managing Transaction Costs in International Production; Evidence on Entrepreneurship from Case Studies in The Netherlands," Tinbergen Institute Discussion Papers 13-135/VI, Tinbergen Institute.
    4. Raphie Hayat & Frank Butter & Udo Kock, 2013. "Halal Certification for Financial Products: A Transaction Cost Perspective," Journal of Business Ethics, Springer, vol. 117(3), pages 601-613, October.
    5. Wegelin, Philipp & von Arx, Widar, 2016. "The impact of alternative governance forms of regional public rail transport on transaction costs. Case evidence from Germany and Switzerland," Research in Transportation Economics, Elsevier, vol. 59(C), pages 133-142.
    6. Vassiliki Bamiatzi & Konstantinos Bozos & S. Tamer Cavusgil & G. Tomas M. Hult, 2016. "Revisiting the firm, industry, and country effects on profitability under recessionary and expansion periods: A multilevel analysis," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1448-1471, July.
    7. Ebel Berghuis & Frank A. G. den Butter, 2017. "The transaction costs perspective on international supply chain management; evidence from case studies in the manufacturing industry in the Netherlands," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(6), pages 754-773, November.

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