Early research work theorized franchising to exist because Hybridal Form Benefits (HFB) are achieved by the franchisor. Compared to the full hierarchy, franchising was held to reduce agency costs, to overcome resource scarcity and to enable risk sharing. Lately, the focus has shifted to an...

This work explores the strategic motivation of franchisors to combine franchised and company-owned stores when structuring their distribution networks. In the United States, such plurally organized chains have already outnumbered purely franchised competitors.Based on a review of existing...

In this paper, we examine ownership structures of franchise chains and evaluate their impact on franchisor profit. Specifically we compare pure forms of franchising with those that use both company-owned and franchised outlets within one chain - a phenomenon termed the plural form. Theoretically...

Typical contracts assign both coercive and non-coercive means of power to the principal's side, providing the agent with a comparably small range of countervailing anti-power. Initially agents are therefore vulnerable to opportunistic principal behavior and will rationally anticipate this threat...

Die Deutsche Bahn musste in den vergangenen sechs Jahren eine Gesamtdividende von 2,85 Mrd. Euro bei einem kumulierten Jahresergebnis von knapp 2,35 Mrd. Euro zahlen. Die DB Netz verfolgte in diesem Zeitraum eine monopolistische Preispolitik für die Verkehrsunternehmen auf den nachgelagerten...