Anderson, Shannon W.; Dekker, Henri C. - In: Foundations and Trends(R) in Accounting 8 (2014) 2, pp. 75-141
Coase [1937] first explained the existence of firms and the boundaries between them as an emergent solution to minimizing the costs of accessing markets – what Williamson [1975] later termed 'transaction costs.' Over time, innovations in management control and changes to legal structures have...