Employment relations are well understood. Business format franchising is a newer and rapidlyevolving business expansion formula, also providing employment. This article compares the fatesof employees and franchisees in their employer/franchisor insolvency.Whereas employees enjoyprotection,...

Moral hazard in an organization occurs when people make decisions and take a high risk for their own benefit, given that they would not have to bear all the negative ensuing consequences should they occur. This risk transferred to third parties is generally due to the catalysts that foster this...