Hussain, Dildar; Windsperger, Josef - In: European Journal of Law and Economics 35 (2013) 2, pp. 169-185
This study develops a property rights explanation of the multi-unit (MU) ownership strategy of the franchise firm …. According to the property rights theory, the allocation of residual rights of control (decision and ownership rights) in … income rights between the franchisor and franchisee, property rights theory focuses on incomplete contracts that allocate …