Agency Theory and Franchising: Some Empirical Results

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Francine Lafontaine; (1992)
  • Journal: RAND Journal of Economics,volume 23,issue 2 Summer,pages263-283

This article provides an empirical assessment of various agency-theoretic explanations for franchising, including risk sharing, one-sided moral hazard, and two-sided moral hazard. The empirical models use proxies for factors such as risk, moral hazard, and franchisors' ... View more
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