Economic Integration of Aircraft Building Enterprises in the Context of the Transactional Approach ()
ABSTRACT
The theoretical concept of the study of economic integration within the
framework of the neo-institutional paradigm is developed. The structure of the
transaction costs of a corporation according to the sequence in which they
arise during the implementation of transactions is substantiated. The drivers of
the integrative development of modern aircraft building enterprises are studied
and the content-related basics of their economic integration are formulated.
Besides, the necessity of the formation of a mechanism for optimization of
transaction costs of economic integration in the context of the transactional
approach in the creation of an aircraft building holding company is
substantiated. Distinctive and characteristic features of the functioning of
aircraft production as a single complex of R&D and batch production that
affect transaction costs are singled out and a typology of transaction costs of
aircraft building corporations is proposed. A methodical approach to minimizing
transaction costs in the creation of an aircraft building holding company is proposed
based on the thesis that rational economic integration of aircraft building
enterprises is carried out by changing the ownership relations and the
transaction system within the framework of the creation of a holding type
aircraft building corporation.
Share and Cite:
Kreidych, I. , Kazak, O. , Yanchuk, M. and Milko, I. (2020) Economic Integration of Aircraft Building Enterprises in the Context of the Transactional Approach.
Open Journal of Business and Management,
8, 1252-1273. doi:
10.4236/ojbm.2020.83081.