Institutional Context and Transaction Costs in Entry Made Choice

• Autorzy: Marian Gorynia , Katarzyna Mroczek
• Języki publikacji: EN

Abstrakty

EN

One of the effects of globalization is increasing internationalization of companies, which takes on more and more advanced forms. One of the decisions facing enterprises concerns the choice of target markets and forms of expansion. A theory useful in the process of choosing internationalization forms is transaction cost theory, which belongs to institutional economics. In this paper decomposition of transaction is proposed, taking into account dimensions determining particular entry modes and devoting special attention to the institutional and cultural contexts. Institutional framework based costs may decide about whether or not to undertake certain forms of expansion. Furthermore it is necessary to include the efficiency of the planned action, both from the point of view of the enterprise, as well as the country. (original abstract)

Słowa kluczowe

EN

Transaction cost; Globalization; Decision making; Institutional economics

PL

Koszty transakcyjne; Globalizacja; Podejmowanie decyzji; Ekonomia instytucjonalna

• Czasopismo: Journal of Economics & Management / University of Economics in Katowice
• Rocznik: 2013
• Numer: nr 14
• Strony: 51--59

Twórcy

autor

Marian Gorynia

• Poznań University of Economics, Poland

autor

Katarzyna Mroczek

• Poznań University of Economics, Poland

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