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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - C.E.P.R. Discussion Papers - 2013
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10011084668
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Estimating the Option Value of Waiting: A Dynamic Entry Game of the U.S. Local Telephone Competition
Fan, Ying; Mo, Xiao - NET Institute - 2010
We estimate a dynamic oligopoly entry game in the early U.S. local telephone market. We observe the identities of … potential entrants into local markets and therefore the waiting time of each potential entrant before it commits actual entry …. We find that firm-level heterogeneity in entry costs plays a significant role in determining a firm's entry behavior into …
Persistent link: https://www.econbiz.de/10010905477
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - CESifo - 2013
collateralizable housing wealth in a region delays chains’ entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010877784
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Financial constraints and moral hazard: The case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - Düsseldorf Institute for Competition Economics (DICE), … - 2013
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010983933
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Financial constraints and moral hazard: The case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016
is associated with a delay in chains' entry into franchising by 0.33 years on average, or 10 percent of the average …
Persistent link: https://www.econbiz.de/10011491721
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Financial constraints and moral hazard: The case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010326832
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010328771
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016
is associated with a delay in chains' entry into franchising by 0.33 years on average, or 10 percent of the average …
Persistent link: https://www.econbiz.de/10011491589
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010202908
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010210716