Transaction Costs: A Conceptual Framework
Transaction Costs: A Conceptual Framework
复制标题
交易成本:概念框架
DOI:
10.21791/ijems.2017.3.13
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发表时间:
2017
期刊:
影响因子:
--
通讯作者:
Allam Yousuf
中科院分区:
文献类型:
--
作者:
Allam Yousuf
Transaction Costs (TC) is a very important topic, especially in a changing work environment which has a large number of operational firms, and increasing business growth. The aim of this paper is to shed light on the transaction costs concept, and provide a conceptual framework to understand the meaning of transaction costs. Publications including articles and research papers have explained the notion of transaction costs and the theoretical issues related to them. The literature review reveals that, transaction costs are costs which arise because of the of a company‘s activities in the market , including (fees, commission, taxes) which are paid by the firm to provide a service or produce a good either to external parties or as internal costs. Therefore, according to the literature review. It emerges that firms must make a comparison between internal and external transaction costs and choose the lowest cost which enables them to increase profits. This means companies have to reduce transaction costs to the minimum level to achieve more profits and competitive advantage.
影响因子:
2.2
作者:
WILLIAMSON, OE
通讯作者:
WILLIAMSON, OE
影响因子:
4.1
作者:
Dyer, JH;Chu, WJ
通讯作者:
Chu, WJ