Financial Constraints and Franchising Decisions

Preprint OPEN
Kai-Uwe Kuhn; Francine Lafontaine; Ying Fan; (2013)

We study how the financial constraints of agents affect the behavior of principals in the context of franchising. We develop an empirical model of franchising starting with a principal-agent framework that emphasizes the role of franchisees' collateral from an incentive... View more
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