Why the Firm is the Source for Reducing Transaction CostsAbstract:Governing structures (institutions) are the natural result of the efforts for minimizing transaction costs. As such, selecting the proper governance structure for organizing economic activity is facilitated by transaction characteristics. The firm being seen as an institution is the privilege of neo-institutionalism. We shall begin ...

QUANTIFYING AND MEASURING TRANSACTION COSTS IN THE BANKING SYSTEM

Elena, GEORGESCU Cristina, (2014)

Some Aspects of Measuring Transaction Costs in the BCR-GroupAbstract:In the new institutional economy, the concept of transaction costs takes a pivotal seat in the institutions’ economic analysis. We shall begin the analysis of transaction cost by presenting this concept and some attempts at quantification. This paper takes a micro-economical viewpoint and we treat the majority of expenses, in the ...

Elena, Georgescu Cristina, (2013)

Comparative Analysis Regarding Fixed Assets: IAS/IFRS – Romanian Regulations

Elena, Georgescu Cristina, (2014)