POHOAŢĂ, Ion; SOCOLIUC, Oana-Ramona - In: Theoretical and Applied Economics XVIII(2014) (2014) 12(601), pp. 27-36
The aim of this article is to emphasize the major contribution of franchise, as hybrid institutional arrangement and governance structure, on the mechanism of sustainable development. Transaction costs illustrate a permanent obstacle which hinders healthy, long-term development. Using the...