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

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 transa...

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Published inNova economia (Belo Horizonte, Brazil) Vol. 17; no. 3; pp. 443 - 468
Main Authors Saes, Maria Sylvia M, Silva, Christian Luiz da
Format Journal Article
LanguageEnglish
Portuguese
Published Belo Horizonte Economics Department, Universidade Federal de Minas Gerais (Brazil) 01.12.2007
Universidade Federal de Minas Gerais, Departamento de Ciências Econômicas
Universidade Federal de Minas Gerais
SeriesNova Economia
Subjects
Assets
Business management
Contract negotiations
Convergence
Corporate governance
Costs
Economic growth
Economic models
Economic strategies
Economic theory
Economics
Efficiency
Governance
governance structure
Organizational structure
strategies
Structural change
Studies
transaction cost
Transaction costs
Vertical integration
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0103-6351
0103-6351
1980-5381
DOI:10.1590/S0103-63512007000300004