✦ LIBER ✦

Making new franchise systems work

✍ Scribed by Scott A. Shane

Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 63 KB
Volume: 19
Category: Article
ISSN: 0143-2095
DOI: 10.1002/(sici)1097-0266(199807)19:7<697::aid-smj972>3.0.co;2-o

No coin nor oath required. For personal study only.

✦ Synopsis

This paper argues that new franchise systems are more likely to survive if they are structured to economize on agency costs. After controlling for industry effects, and firm age and size, this paper shows empirical support for six of nine hypotheses about the linkage between mechanisms for economizing on agency costs and the survival of new franchise systems.

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