Koszty transakcyjne jako determinanta formy zagranicznej ekspansji… przedsiębiorstwa
Transaction Costs as Determinant of the Foreign Expansion of the Enterprise

Summary/Abstract: The authors discuss the possibilities of applying the theory of transaction costs (a part of institutional economics) to the choice of the form of foreign expansion of the enterprise. The main aim of the article is to present the concepts describing the relationship between the transaction costs and the forms of foreign expansion of the enterprise, including their critical assessment. The authors try to indicate the possibilities of the practical utilization of the theory of transaction costs in the process of enterprise internationalization. To this end, they try to operationalize the concept of transaction costs with reference to international turnover, indicating the differences as regards internal and external transactions. The first part of the paper presents the genesis of the concept and the definition of transaction costs. The second part presents theoretical concepts describing the links between the foreign expansion of the enterprise and its transaction costs. The third part shows the decomposition of transaction costs according to the phase of contract implementation, and the fourth part brings an attempt to operationalize the concept of transaction costs in the sphere of internal and external turnover. The paper ends with main conclusions drawn from the analysis.

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