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Keywords: Transaction cost perspective
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Journal Articles
Examining formal and relational governance in family small medium enterprises: Evidence from Indonesia
Available to Purchase
Journal of Entrepreneurship in Emerging Economies (2020) 12 (2): 231–257.
Published: 25 September 2019
... the variety of future contingencies (Leiblein, 2003). Given bounded rationality, parties involved in exchange are unable to make a perfect contract (Williamson, 1975). This assumption is important from the transaction cost perspective. Without bounded rationality, transaction cost theoretically could...
