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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016
, in the context of franchising. We find that a 30 percent decrease in average collateralizable housing wealth in an area … is associated with a delay in chains' entry into franchising by 0.33 years on average, or 10 percent of the average …
Persistent link: https://www.econbiz.de/10011491589
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010202908
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … collateralizable housing wealth in a region delays chains ́entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010210716
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Financial Constraints and Moral Hazard : The Case of Franchising
Fan, Ying; Kuhn, Kai-Uwe; Lafontaine, Francine - 2021
decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … collateralizable housing wealth in a region delays chains’ entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10013315688
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Persistent link: https://www.econbiz.de/10010228011
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Persistent link: https://www.econbiz.de/10010211756
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M&As, investment and financing constraints
Stiebale, Joel; Wößner, Nicole - 2017
We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our results indicate that upon acquisition, target...
Persistent link: https://www.econbiz.de/10011671647
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - C.E.P.R. Discussion Papers - 2013
decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10011084668
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Financial constraints and moral hazard: The case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - Düsseldorf Institute for Competition Economics (DICE), … - 2013
decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010983933
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Financial constraints and moral hazard: The case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016
, in the context of franchising. We find that a 30 percent decrease in average collateralizable housing wealth in an area … is associated with a delay in chains' entry into franchising by 0.33 years on average, or 10 percent of the average …
Persistent link: https://www.econbiz.de/10011491721