Abstract
The work presents the results of testing the model of information system of innovative management in education on the example of Institute of Economics, Management and Law (Kazan) based on transactional approach, taking into account the classical theory of transaction costs. Classifications of transaction costs, most applicable in corporate hierarchies, are used. Special emphasis is made on the descriptions of economic effects of the information system implementation in an educational establishment. DOI: 10.5901/mjss.2015.v6n1s3p91
Highlights
The work presents the results of testing the model of information system of innovative management in education on the example of Institute of Economics, Management and Law (Kazan) based on transactional approach, taking into account the classical theory of transaction costs
Special emphasis is made on the descriptions of economic effects of the information system implementation2 in an educational establishment, based on the transaction costs approach (Robins, 1987)
One of the most general characteristics of transaction costs was given by Kenneth Arrow, who defined them as costs “ to keep the economic system going” (Arrow, 1969)
Summary
Special emphasis is made on the descriptions of economic effects of the information system implementation2 in an educational establishment, based on the transaction costs approach (Robins, 1987). The proposed functional definitions and classifications are used in the present work to test the model of information system of innovative management in education based on transactional approach.
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