Abstract
Organizations are not mere substitutes for structuring efficient transactions when markets fail; they possess unique advantages for governing certain kinds of economic activities through a logic that is very different from that of a market. Transaction cost theory is
Keywords
StructuringTransaction costDatabase transactionInternalization theoryIndustrial organizationBusinessEconomicsMicroeconomicsComputer scienceFinance
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Publication Info
- Year
- 1995
- Type
- article
- Volume
- 1995
- Issue
- 1
- Pages
- 12-16
- Citations
- 24
- Access
- Closed
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Cite This
Sumantra Ghoshal
(1995).
BAD FOR PRACTICE: A Critique of the Transaction Cost Theory..
Academy of Management Proceedings
, 1995
(1)
, 12-16.
https://doi.org/10.5465/ambpp.1995.17536223
Identifiers
- DOI
- 10.5465/ambpp.1995.17536223