decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average …Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …

Financial constraints are considered an important impediment to growth for small businesses. We study theoretically and … empirically the relationship between the financial constraints of agents and the organizational decisions and growth of principals …, in the context of franchising. We find that a 30 percent decrease in average collateralizable housing wealth in an area …

decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average …Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … collateralizable housing wealth in a region delays chains ́entry into franchising by 0.28 years on average, 9 percent of the average …