Improvement of the approaches to quality evaluation of transaction cost management

Abstract

The aim of the study is to develop approaches to evaluation of the quality of transaction costs management. The theoretical and methodological basis of the research is the abstract-logical method, methods of induction, deduction, analysis, synthesis, and systematization. The result of the study is the developed approaches to evaluation of the quality of transaction costs management, activities aimed to coordinate the actions of the main participants in the production process, as well as provisions for managing the sustainable development of enterprises at various levels of transaction costs. Based on the assessment of the real state of transactional costs, the following has been identified: existing deficiencies in the management system related to the excess of transaction costs growth rates over revenue and profit growth rates, low compliance of actual transaction costs with optimal values ensuring profit maximization, and poor quality of management functions and specific stages of their implementation.