Technological innovation brings down the costs of organizing activities within the firm, thus, providing transaction advantages for multinational firms which appear to be technological innovators. The multinational corporation is a complex hierarchical structure dislocated in many countries and...

The multinational corporation is revealed as a complex hierarchical structure comprising subsidiaries in the different national and regional markets and having the task of supplanting these markets when the costs of organizing transactions on those exceed the costs of internal organization. The...

The aim of the paper is to analyse the changes in the dynamics of Bulgarian international trade before and after EU accession. To achieve this it studies the main trends in the dynamics of the value and volume of trade flows, the openness of the economy, the value and share of trade with other...

The paper aims at analysing if Bulgaria utilises the benefits of the participation in the Common Commercial Policy of the European Union (EU) by studying the dynamics of Bulgarian trade with countries which have concluded preferential trade agreements (PTAs) with the EU. The first section of the...

The Agreement establishing the African Continental Free Trade Area entered into force on 30 May 2019 and on 9 July all countries on the continent joined it. If the massive deal works as hoped, it will connect 1.3 Billion people, create a 3.4 Trillion USD economic bloc, and heat up commerce...

Оливър Уилямсън е роден в град Сюпириър, щата Уисконсин в 1932 в семейство на учители. След като завършва инженерни науки с бакалавърска степен по мениджмънт в...

Looking through a bit unusual perspective of the Corporate governance, the paper addresses the "paradox of the firm" which emerges in neoclassical economic paradigm and originates from Ronald Coase. It shows how the Transaction cost Economics tries to resolve the paradox and why it fails in this...

This paper incorporates interdisciplinary New Institutional Economics and assesses the system of governance of agrarian sustainability in Bulgaria. The system of governance of agrarian sustainability is comprehensively analyzed, and the efficiency of institutional environment and diverse market,...

The goal of this paper is to present the economic importance and the elements of the management of contractual relations of farm, and classify agrarian contracts and analyze their economic characteristics, and suggest approach for assessment of factors for and comparative efficiency of the...