A retail franchisor needs growth capital so that the brand continues to grow and franchisor–franchisee relations remain strong. However, access to corporate liquidity to fund such franchise growth options is not unlimited. A method of raising finance particularly suited to retail franchisors...

The paper examines the relation between forms of financing and the level of expenditure on research and development (R&D). The paper shows that the probability of issuing new equity rises monotonically with the level of expenditure on R&D, whilst the use of debt finance follows an inverted U...

We consider two alternative models of work organisation: One deals with those organisational systems which rely on the commitments of its members for realizing set productivity targets. The other is a strategic model which considers the role of its members' strategies as a defining input towards...

Organisations may allocate significant decision rights to manager-owned entreprises because it may be more efficient and feasible to commit to such an action. A particular instance of such a delegation of decision rights is franchising.