Research on the relationship between the transaction cost and the corporate governance

Since the transaction cost theory has been put forward by Coase, there is a wide range of applications in the externalities, the nature of the enterprise, the enterprise property rights, institutional change and economic development and reform, etc, however, the study of the applications in a single microscopic enterprise is relatively rare. This paper is based on a large amount reference, and puts forward that measure the efficiency of corporate governance from the Angle of transaction efficiency, provide a possible way for perfecting the governance structure of listed companies, which contains certain political meaning.