Economics and Management of Networks: Franchising, Strategic Alliances, and Cooperatives - Couverture souple

 
9783790817577: Economics and Management of Networks: Franchising, Strategic Alliances, and Cooperatives
Couverture souple
ISBN 10 : 3790817570 ISBN 13 : 9783790817577
Editeur : Physica-Verlag HD, 2010

Synopsis

Previous research on the institutional structure of franchising networks (Bri- ley et al. 1991; Lutz 1995; Shane 1998; Lafontaine and Shaw 1999, 2005; - fuso 2002; Penard et al. 2003a, b) does not explain the governance structure of the franchising firm as an institutional entity that consists of two interrelated parts: Residual decision rights and ownership rights. The latter includes not only residual income rights of franchised outlets but also residual income rights of franchisor-owned outlets. Previous studies primarily examines the incentive, signalling and screening effects of fees, royalties and other contractual pro- sions from the point of view of organizational economics (see Dnes 1996 for a review) without taking into account the interactions between residual decision and residual income rights as interrelated parts of the governance structure. This paper fills this gap in the literature. According to the property rights view, de- sion rights should be allocated according to the distribution of intangible kno- edge assets between the franchisor and franchisee and ownership rights should be assigned according to the residual decision rights. Since ownership rights are diluted in franchising networks, the dilution of residual income rights of fr- chised outlets is compensated by residual income rights of company-owned o- lets. Under a dual ownership structure, company-owned outlets compensate the disincentive effect of low royalties for the franchisor, and low royalties strengthen the investment incentives for the franchisee.

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Éditeur
Physica-Verlag HD
Date d'édition
2010
Langue
anglais
ISBN 10 
3790817570
ISBN 13 
9783790817577
Reliure
Broché
Nombre de pages
476
Éditeur
Cliquet Gérard
Coordonnées du fabricant
non disponible
Personne responsable
non disponible