{"id":65635,"date":"2026-04-23T11:00:31","date_gmt":"2026-04-23T09:00:31","guid":{"rendered":"https:\/\/fnege-medias.fr\/?post_type=video-acf&#038;p=65635"},"modified":"2026-04-23T11:00:31","modified_gmt":"2026-04-23T09:00:31","slug":"what-is-transaction-cost-theory","status":"publish","type":"video-acf","link":"https:\/\/fnege-medias.fr\/en\/fnege-video\/what-is-transaction-cost-theory\/","title":{"rendered":"What is <b>transaction cost theory<\/b>?"},"content":{"rendered":"<p>Oliver Williamson\u2019s transaction cost theory provides a valuable analytical framework for understanding the mechanisms that govern transactions, organizations, and governance, particularly when facing a choice between internalization and outsourcing. This theory helps explain why certain activities are internalized within vertically integrated organizations, how different governance forms are selected based on transaction costs, and why mergers and acquisitions are often driven by considerations related to transaction costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oliver Williamson\u2019s transaction cost theory provides a valuable analytical framework for understanding the mechanisms that govern transactions, organizations, and governance, particularly when facing a choice between internalization and outsourcing. This theory helps explain why certain activities are internalized within vertically integrated organizations, how different governance forms are selected based on transaction costs, and why mergers and acquisitions are often driven by considerations related to transaction costs.<\/p>\n","protected":false},"featured_media":65636,"template":"","format":[11959],"meta":{"_acf_changed":false},"categories":[3150,3164,3167,3153],"tags":[12161,12159,12158,12160],"class_list":["post-65635","video-acf","type-video-acf","status-publish","has-post-thumbnail","hentry","category-governance","category-organizational-theory","category-public-management","category-strategic-management","tag-internalization","tag-outsourcing","tag-transaction-costs","tag-vertical-integration","format-management-dictionary"],"acf":[],"_links":{"self":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/65635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf"}],"about":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/types\/video-acf"}],"version-history":[{"count":1,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/65635\/revisions"}],"predecessor-version":[{"id":65638,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/65635\/revisions\/65638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media\/65636"}],"wp:attachment":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media?parent=65635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/categories?post=65635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/tags?post=65635"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/format?post=65635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}