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  • 1 Department of Economics, University of Debrecen H-4028 Debrecen, Kassai u. 26. Hungary
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Currently more and more large, vertically integrated firms are being transformed into flatter organisations that encompass decentralised decision structures. The author argues that an understanding of this new type of firm, called market-like firm, is missing from the theory of the firm (transaction cost theory), for two reasons. On the one hand, the Williamsonian framework of governance structures does not explore the distinguishing mark of the firm, and, on the other hand, it cannot explain the variety of firms. To overcome these shortcomings, the author proposes the extension of the Williamsonian framework with the concept of “firm-ness” that is based on the distinction between ideal-type and real-type.

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Senior editors

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Editor(s): Ványai, Judit

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  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • Gábor Kézdi / University of Michigan
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

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  • Kolodko, Grzegorz
  • Mau, Vladimir
  • Messerlin, Patrick A
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  • Wagener, Hans-Jürgen

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

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Total Cites 275
WoS
Journal
Impact Factor
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Impact Factor  
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without
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Citable 37
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Scimago 13
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2019  
Total Cites
WoS
212
Impact Factor 0,914
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without
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5 Year
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Immediacy
Index
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Acta Oeconomica
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1966
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2021 Volume 71
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