Das folgende Gutachten beschäftigt sich mit einer adäquaten Organisationsform für dasEisenbahnwesen, insbesondere für die DB AG in Deutschland und aus der Perspektivedes Kapitalmarktes. Bei einer vergleichenden Bewertung zwischen unterschiedlichenOrganisationsformen gibt es keine per se...

Für heftige Kritik auf Seiten der Autohändler und der Postagenturensorgten Vertragsumstellungen im Vertrieb, die von den Zentralenvorgenommen wurden. Ärger, der bei einem sorgfältigenVertragsumstellungs-Management hätte vermieden werden können.Prof. Dr. Thomas Ehrmann und Olivier Cochet...

Traditional principal agent theory interprets franchising as a solution to the agency problems associated with incentives and observability. Franchising has been viewed as an institution that aligns the right to make decisions with the residual claims deriving from these decisions. One problem...

The objective of our paper is to capture and integrate the systematic differences inperformance between independent ventures (IVs), established by individual entrepreneurs,and corporate ventures (CVs), set up by larger companies, in a simple model. We assume thatthe two players, which are bound...

In this paper, we examine ownership structures of franchise chains and evaluate their impact on franchisor profit. Specifically we compare pure forms of franchising with those that use both company-owned and franchised outlets within one chain - a phenomenon termed the plural form. Theoretically...

Typical contracts assign both coercive and non-coercive means of power to the principal's side, providing the agent with a comparably small range of countervailing anti-power. Initially agents are therefore vulnerable to opportunistic principal behavior and will rationally anticipate this threat...

Early research work theorized franchising to exist because Hybridal Form Benefits (HFB) are achieved by the franchisor. Compared to the full hierarchy, franchising was held to reduce agency costs, to overcome resource scarcity and to enable risk sharing. Lately, the focus has shifted to an...