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Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...
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employed and thus controlled by MNCs. However, outsourcing audits to third parties creates agency problems that can likewise … implications for auditor performance of four sourcing strategies: insourcing, outsourcing, concurrent sourcing, and rotational …
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