search query: @author Dark, F. H. / total: 2
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| Author: | Brickley, J. A. Dark, F. H. |
| Title: | The choice of organizational form. The case of franchising. |
| Journal: | Journal of Financial Economics
1987 : JUN, VOL. 18:2, p. 401-420 |
| Index terms: | ORGANIZATIONAL DESIGN FRANCHISING ORGANIZATION |
| Language: | eng |
| Abstract: | Companies that franchise some units and centrally operate /"own"/ others are examined. The agency problems confronting these two organizational forms are analyzed. Testable hypotheses are developed. The empirical results support the notion that owning versus franchising reflects a trade-off among agency-related problems. The cost of monitoring store managers appears to be especially important in the own/franchise decisions. The level of repeat business and initial investment requirements per unit also appear to be important. |
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