Methodological Bases of Estimation of Transaction Costs in the Context of Interaction of Actors of Institutional Environment
Journal Title: Бізнес Інформ - Year 2016, Vol 2, Issue
Abstract
The article is aimed at developing a system of indicators for estimating specific and generic transaction costs of both input and output character, encountered when interacting with groups of actors in both internal and external institutional environment. The article substantiates the necessity of accounting for direction of the transaction impact of actors of institutional environment when determining the prospects for further cooperation. Range of transaction costs arising in case of an enterprise as result of implementation of relations with public authorities, suppliers, customers, resellers, competitors, internal and external contact audiences has been determined. Indicators to estimate specific and generic transaction costs from the standpoint of focus of the transaction impact has been elaborated, which include the costs of both public and hidden character. The proposed instrumentarium allows enterprises to: determine the degree of dependence on both the external and the internal institutional environment to substantiate further development strategies; estimate the range of transaction costs in full; determine the usefulness of cooperation with partners by comparing the obtained effect and the «price» paid by enterprise for such relations.
Authors and Affiliations
Valentyna Marchenko, Iryna Makaliuk
Keywords
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