Institutional Context and Transaction Costs in Entry Made Choice

• Authors: Marian Gorynia , Katarzyna Mroczek
• Languages of publication: EN

Abstracts

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.

Keywords

EN

Decision making; Globalization; Institutional economics; Transaction cost

PL

Ekonomia instytucjonalna; Globalizacja; Koszty transakcyjne; Podejmowanie decyzji

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2013
• Volume: 14
• Pages: 51-59

Contributors

author

Marian Gorynia

author

Katarzyna Mroczek

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Identifiers

ISSN

1732-1948