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

Christian Luiz da Silva and Maria Sylvia M. Saes
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Maria Sylvia M. Saes: USP

Nova Economia, 2007, vol. 17, issue 3, pages 443-468

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.

Keywords: governance structure; transaction cost; strategies (search for similar items in EconPapers)
JEL-codes: B25 D23 R30 (search for similar items in EconPapers)
Date: 2007

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