https://doi.org/10.25198/2077-7175-2020-6-33
TRANSACTION COSTS OF AN ORGANIZATION IN THE CONTEXT OF INFORMATIZATION OF THE ECONOMY
E. A. Gurianova
Kazan (Volga region) Federal university, Kazan, Russia
e-mail: elinagur@mail.ru
Abstract. The relevance of the research topic is caused by an increase in the scale of growth of the process of informatization of economy. An essential condition for the effective functioning of business is organization of uninterrupted functioning of system of collecting, processing and storing information. In the context of increasing complexity and dynamics of both the external and internal environment of organization, it increasingly leads to need to use information management systems. This process influences the size and structure of organization’s transaction costs.
The problem of optimizing transaction costs in the context of global business informatization was caused by the increasing complexity of social and economic interactions, as well as the increase in the volume and speed of information exchange. In these circumstances, the management of companies should analyze the structure, dynamics and sources of growth of transaction costs. That will allow the most efficient use of the resource potential of organizations.
The purpose of this study is to analyze changes in transaction costs in the context of business informatization. This article uses the method of scientific analysis and synthesis. Thus, the article analyzes statistical data on the use of information technologies in domestic companies, as well as data on the economic effect of introduction of information systems. Further, based on the synthesis of the identified trends using the author’s classification of transaction costs, an assessment of the impact of reducing transaction costs from introduction of an information system on performance indicators of organization was carried out.
The paper analyzes the level of business informatization in the Russian Federation, analyzes the impact of information technologies on performance of a firm, establishes the relationship between transaction costs and level of business informatization.
The research results lead to the following conclusions. The introduction of modern information technologies in activities of organizations leads to decrease in transaction costs by increasing reliability of information database and transparency of organization’s information flows. This allows you to optimize the process of making management decisions in conditions of uncertainty, reduce the cost of doing business and, as a result, increase efficiency of organization.
Key words: transaction costs, business informatization, information technology, information system, informatization of economy.
Cite as: Guryanova, E. A. (2020) [Transaction costs of an organization in the context of informatization of the economy]. Intellekt. Innovatsii. Investitsii [Intellect. Innovations. Investments]. Vol.6, рр. 33–39. DOI: 10.25198/2077-7175-2020-6-33.
