Construct · 1 fields · 1 citations

agency theory of franchising: a standalone construct

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Small business

the explanation that franchising is chosen where monitoring hired managers is costly, since franchisees as residual claimants have strong incentives.

In small business, agency theory of franchising refers to the explanation that franchising is chosen where monitoring hired managers is costly, since franchisees as residual claimants have strong incentives. This meaning comes from Brickley (1987) in Journal of Financial Economics.[1]

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Nearby constructs

agency cost / principal-agent4 names · 5 citationsjangle · one delegation problem, many homes agency6 fields · 12 citationsjingle · one name, six constructs business1 fields · 1 citationsanchor · a standalone construct

References

Brickley, J. A., & Dark, F. H. (1987). The choice of organizational form The case of franchising. Journal of Financial Economics, 18(2), 401-420. https://doi.org/10.1016/0304-405x(87)90046-8

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