Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation
This paper illustrates how Transaction Cost Economics’ (TCE) dimensionalisation, a governance structure comparative analysis tool, may be used in assessing corporate governance structures. To illustrate, this paper assesses the governance structures of state-owned enterprises (SOEs) in South Africa...
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| Format: | Article |
| Language: | English |
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Athens Institute for Education and Research
2023-07-01
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| Series: | Athens Journal of Business & Economics |
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| Online Access: | http://www.athensjournals.gr/business/2023-9-3-4-Adebayo.pdf |
| _version_ | 1797786982257000448 |
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| author | Adeyemi Adebayo |
| author_facet | Adeyemi Adebayo |
| author_sort | Adeyemi Adebayo |
| collection | DOAJ |
| description | This paper illustrates how Transaction Cost Economics’ (TCE) dimensionalisation, a governance structure comparative analysis tool, may be used in assessing corporate governance structures. To illustrate, this paper assesses the governance structures of state-owned enterprises (SOEs) in South Africa and Singapore, two countries deploying different governance structures for organising SOEs. A proposition was developed in line with dimensionalisation to assess the organising models. The proposition is that SOEs organised using a bilateral governance structure are expected to perform better than those organised using a unified governance structure – since the attributes and characteristics of transactions/contracts are semi-strong in the bilateral structure, according to TCE. Findings appear to support the proposition, indicating that SOEs organised in a bilateral governance structure perform better relative to those that are organised under unified governance. |
| first_indexed | 2024-03-13T01:16:29Z |
| format | Article |
| id | doaj.art-60e21959e1134b3d83edf7b308d37e18 |
| institution | Directory Open Access Journal |
| issn | 2241-794X |
| language | English |
| last_indexed | 2024-03-13T01:16:29Z |
| publishDate | 2023-07-01 |
| publisher | Athens Institute for Education and Research |
| record_format | Article |
| series | Athens Journal of Business & Economics |
| spelling | doaj.art-60e21959e1134b3d83edf7b308d37e182023-07-05T10:35:46ZengAthens Institute for Education and ResearchAthens Journal of Business & Economics2241-794X2023-07-019330332610.30958/ajbe.9-3-4Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation Adeyemi Adebayo0Postdoctoral Research Fellow, University of South Africa, South AfricaThis paper illustrates how Transaction Cost Economics’ (TCE) dimensionalisation, a governance structure comparative analysis tool, may be used in assessing corporate governance structures. To illustrate, this paper assesses the governance structures of state-owned enterprises (SOEs) in South Africa and Singapore, two countries deploying different governance structures for organising SOEs. A proposition was developed in line with dimensionalisation to assess the organising models. The proposition is that SOEs organised using a bilateral governance structure are expected to perform better than those organised using a unified governance structure – since the attributes and characteristics of transactions/contracts are semi-strong in the bilateral structure, according to TCE. Findings appear to support the proposition, indicating that SOEs organised in a bilateral governance structure perform better relative to those that are organised under unified governance. http://www.athensjournals.gr/business/2023-9-3-4-Adebayo.pdfdimensionalisationorganising modelsownership modelsstate-owned enterprisestransaction cost economics (tce) |
| spellingShingle | Adeyemi Adebayo Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation Athens Journal of Business & Economics dimensionalisation organising models ownership models state-owned enterprises transaction cost economics (tce) |
| title | Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation |
| title_full | Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation |
| title_fullStr | Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation |
| title_full_unstemmed | Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation |
| title_short | Assessing Governance Structures in State-owned Enterprises using Transaction Cost Economics’ Dimensionalisation |
| title_sort | assessing governance structures in state owned enterprises using transaction cost economics dimensionalisation |
| topic | dimensionalisation organising models ownership models state-owned enterprises transaction cost economics (tce) |
| url | http://www.athensjournals.gr/business/2023-9-3-4-Adebayo.pdf |
| work_keys_str_mv | AT adeyemiadebayo assessinggovernancestructuresinstateownedenterprisesusingtransactioncosteconomicsdimensionalisation |