Ermacora, Sergio; Smajić, Senada - In: South East European Journal of Economics and Business 4 (2009) 1, pp. 81-105
This paper examines the make-or-buy decision in the Croatian shipbuilding industry using a Transaction Cost Economics Approach. In other words, shipyards' decision to ‘make’ a component or to ‘buy’ it from market firms is analysed in relation to certain characteristics of the...