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WHY DO FIRMS EXIST? TRANSACTION COSTS AND ORGANIZATIONAL ADVANTAGES
Nikitenko Mariya Sergeevna
St. Petersburg State University of Economics
St. Petersburg State University of Economics
Abstract
The present paper gives a short analysis of the background of firm’s existence. It also considers the main idea of the transaction costs within the theory of one of the foreign economists. The notion is enlarged by the new aspects of resource-based theory.
Keywords: firm, resource-based theory, transaction costs
Article reference:
Why do firms exist? Transaction costs and organizational advantages // Economics and innovations management. 2015. № 4. P. 2 [Electronic journal]. URL: https://ekonomika.snauka.ru/en/2015/04/8551
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