Suchergebnisse

An area that receives limited attention in service-dominant (SD) logic is exchange governance. Exchange governance provisions can determine how benefits and costs are created and distributed, hence their importance. Much of the rationale for this oversight arises due to the emphasis on "value" in SD logic. With this as a starting point, this commentary article offers three sets of suggestions to integrate exchange governance into SD logic research. First, the subjective, socially embedded nature of value necessitates a greater reliance on norms-based governance. Under SD logic, there is a need to govern for a wider variety of idiosyncratic interactions throughout a service ecosystem. This has a bearing on monitoring and control activities. Second, SD logic is virtually silent on resource ownership. Understanding the property rights associated with value-creating resources is likely to determine who creates and appropriates value. Third, value-in-use suggests that value does not occur at the point of exchange exclusively. Given this, there is a need to consider value at the point of exchange as well as during the course of usage. The commentary concludes with a brief research agenda.

Despite Indonesia's overall achievements during the past two decades the economy is encountering a series of problems. One of the biggest challenges is the unsatisfactory performance of the state-owned enterprises (SOEs). Subsidisies and uncovered loans to the SOEs have drained the government's fiscal resources and the signing off of employees creates many social problems. Compared with the SOEs in other sectors state-owned sugar mills face more serious crises which not only jeopardise the social fabric but also endanger the production. Research results strengthen the statement that the basic problem in sugar mills is management inefficiency resulting in high transaction costs. This research compares the transaction costs between state-owned (Ngadiredjo) and privately-owned (Kebon Agung) sugar mills. The study shows that in Kebon Agung Sugar Mill transaction costs are higher than production costs while in Ngadiredjo Sugar Mill the reverse is true. However the high transaction costs in Kebon Agung Sugar Mill cannot be attributed directly to inefficient institutions because Ngadiredjo Sugar Mill incurred high costs for plants land preparation and fertilizer which decreased the proportion of transaction costs. If analyzed in detail the following facts are revealed: (i) market transaction costs in Kebon Agung Sugar Mill are higher than in Ngadiredjo Sugar Mill. This is because Kebon Agung Sugar Mill has established cooperation with sugarcane farmers in the form of extensions and transport subsidies; and (ii) the political transaction costs proportion in Ngadiredjo Sugar Mill is higher than in Kebon Agung Sugar Mill because of the imposition of many 'illegal' fees. Abstract in Bahasa Indonesia : transaction cost economics corporate governance sugar mill East Java.

Foreword In her dissertation Anna Krzeminska deals with the determinants and the management of make-and-buy decisions. Make-and-buy describes the simultaneous use of in-house prod- tion and external procurement of a good or service. Today make-and-buy can be found in many industries and corporate sectors; the simultaneous use of in-house production and external procurement can, for example, be found in the automotive, telecommunications, and IT industry, as well as in pharmaceutical research-and-development projects, the assignment of sales representatives, and in franchising businesses. Make-

Abstract: Transaction Cost Economics (TCE) is one of the most applied economic theories to studies of agrifood chains, especially for presenting approaches that analyze the role of institutions in the relationship between organizations, making it completely adherent to the concept of Coordination, vital in chain management. Agro-industrial chains have continuously experienced mechanisms to reduce information asymmetry between producer and final consumer, one of these mechanisms being Geographical Indications (GIs), certifications of origin based on geographic location. This work aims to identify the state-of-the-art of TCE in studies related to GIs, identifying how the topics related to theory are approached and whether or not there are literature gaps in this regard. A systematic literature review was made in two substantial scientific databases using Methodi Ordinatio. The results demonstrate a certain homogeneity of studies, which focuses on Coordination and Governance, as well as a low synergy between the themes. Future studies could enrich the academic literature by contemplating an opposite path to this homogeneousness, either by a) exploring how TCE can explain the development of GIs; b) investigating the opportunism between producers and association members; or c) studying the limited rationality of the links downstream the chain.

"Regime Type and Foreign Direct Investment: A Transaction Cost Economics Approach to the Debate" published on by Oxford University Press.

Cost Structure and the Measurement of Economic Performance is designed to provide a comprehensive guide for students, researchers or consultants who wish to model, construct, interpret, and use economic performance measures. The topical emphasis is on productivity growth and its dependence on the cost structure. The methodological focus is on application of the tools of economic analysis - the `thinking structure' provided by microeconomic theory - to measure technological or cost structure, and link it with market and regulatory structure. This provides a rich basis for evaluation of economic performance and its determinants. The format of the book stresses topics or questions of interest rather than the theoretical tools for analysis. Traditional productivity growth modeling and measurement practices that result in a productivity residual often called the `measure of our ignorance' are initially overviewed, and then the different aspects of technological, market and regulatory structure that might underlie this residual are explored. The ultimate goal is to decompose or explain the residual, by modeling and measuring a multitude of impacts that determine the economic performance of firms, sectors, and economies. The chapters are organized with three broad goals in mind. The first is to introduce the overall ideas involved in economic performance measurement and traditional productivity growth analysis. Issues associated with different types of (short and long run, internal and external) cost economies, market and regulatory impacts, and other general cost efficiencies that might impact these measures are then explored. Finally, some of the theoretical, data construction and econometric tools necessary to justify and implement these models are emphasized