From Hybrid Organizations to Social-purpose Hierarchies: Toward a Transaction Cost Economics of Social Enterprises

• Published in: Journal of interdisciplinary economics Vol. 32; no. 2; pp. 180 - 199
• Main Author: Agafonow, Alejandro
• Format: Journal Article
• Language: English
• Published: 01.07.2020

Building on Oliver E. Williamson’s work, this article lays the basis for a transaction cost theory of social enterprises. It is submitted that the more proprietary-centred the creation of value is, the lower the governance costs of economizing on bounded rationality to protect patrons from the hazar...