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Innovation through transaction management

In: Managing Transaction Costs in the Era of Globalization

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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.

Suggested Citation

  • ., 2012. "Innovation through transaction management," Chapters, in: Managing Transaction Costs in the Era of Globalization, chapter 8, pages 176-195, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14748_8
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    Cited by:

    1. Thomas Jud & Jürgen Marchart & Klaus S. Friesenbichler & Michael Peneder & Stefan Haslinger, 2013. "Risikokapital in Österreich. Angebots- und nachfrageseitige Erklärungen der geringen Ausprägung und Empfehlungen zu ihrer Überwindung," WIFO Studies, WIFO, number 46677, April.
    2. Wieczorek, Anna J. & Negro, Simona O. & Harmsen, Robert & Heimeriks, Gaston J. & Luo, Lin & Hekkert, Marko P., 2013. "A review of the European offshore wind innovation system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 294-306.
    3. Zuzana Kreckova, 2016. "Shared Value Projects Attractiveness for Corporations in Industrial Comparison," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 331-340, September.
    4. Donate, Mario J. & Sánchez de Pablo, Jesús D., 2015. "The role of knowledge-oriented leadership in knowledge management practices and innovation," Journal of Business Research, Elsevier, vol. 68(2), pages 360-370.
    5. Oguzhan Ece & Ahmet Serhat Uludag, 2017. "Applicability of Fuzzy TOPSIS Method in Optimal Portfolio Selection and an Application in BIST," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(10), pages 107-127, October.

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    Economics and Finance;

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