Valentinov, Vladislav; Roth, Steffen - In: Business Ethics, the Environment & Responsibility 33 (2024) 3, pp. 535-546
difference between transaction cost economics and stakeholder theory in their treatment of informal relationships. While … transaction cost economics perceives informal relationships to be shaped by formal governance structures and enforced by … two literatures shows how stakeholder theory's embrace of relationality surpasses that of transaction cost economics. …