Diagnostics of transaction costs flow quality influence on economic results

Economic Annals-ХХI: Volume 156, Issue 1-2, Pages: 74-77

Citation information:
Makaliuk, I. (2016). Diagnostics of transaction costs flow quality influence on economic results. Economic Annals-XXI, 156(1-2), 74-77. doi: https://doi.org/10.21003/ea.V156-0017

Iryna Makaliuk
PhD (Economics),
Assistant Professor,
National Technical University of Ukraine «Kyiv Polytechnic Institute»
37 Peremohy Ave, Kyiv, 03056, Ukraine
irina.makaljuk@gmail.com

Diagnostics of transaction costs flow quality influence on economic results

Abstract. Introduction. Financial performance depends on many factors, but in a dynamic environment a significant role is played by the nature of interaction between business entities in the course of economic relationships. Therefore, the study of quality of transaction cost flow caused by internal and external influences becomes increasingly relevant. The Purpose of the article is to analyse the direct and hidden influences of quality of input and output transaction costs related to the fundamental performance of enterprises and entities of the institutional environment.

Results. The article substantiates the necessity of monitoring the efficiency of interaction between entities in the course of economic relationship by evaluating the quality of flow of transaction costs (TC). There are four types of interactions between enterprises based on the identification of transaction costs: input and output based on transaction influence, and explicit and implicit based on explicitness. The paper deals with the influence of the status of transaction costs within dependent, sustainable and influential companies on financial performance, as well as a matrix of quality of transaction input and output cost flow. The results obtained will contribute to the adoption of management decisions in the light of further cooperation with partners at the micro level. Conclusions. Early diagnostics of influence of transaction costs flow quality is important not only at the level of enterprises, but also at the macro level, which allows improvement of the institutional system in the conditions of the current political and economic instability in the country. Such conditions form the basis for further research in this field.

Keywords: Transaction Costs; Quality Flow; Transaction Influence; Enterprise; Financial Performance

JEL Classіfіcatіon: D21; D23; L14; M21

DOI: https://doi.org/10.21003/ea.V156-0017

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Received 28.10.2015