11.08.2015   Liquid Biofuels: Emergence, Development and

Governance Structure Recommended for Palm Oil Social Arrangements

The governance structure is related to the transaction characteristics of a given production chain. Table 1 illustrates the characteristics of each transaction accord­ing to the aforementioned theoretical attributes.

Table 1 Main transaction attributes of palm oil processing plants with family farmers

Transaction Transaction attributes Predominant

Buyer o Business Frequency Degree of governance

Seller specificity uncertainty