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A spatial-temporal analysis of financial literacy in United States of America

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Persistent link: https://www.econbiz.de/10012005533

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Financial constraints and moral hazard : the case of franchising

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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...