The fee structure in franchising: a property rights view

被引：23
|
作者：
Windsperger, J [1 ]
机构：
[1] Univ Vienna, Ctr Business Studies, A-1210 Vienna, Austria
来源：
ECONOMICS LETTERS | 2001年 / 73卷 / 02期
关键词：
franchising; initial fees and royalties; ownership rights; intangible assets; residual income;
D O I：
10.1016/S0165-1765(01)00491-8
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper offers a property rights explanation for the structure of royalties and initial fees in franchise relationships. We argue that the structure of royalties and fees depends on the distribution of intangible assets between the franchisor and franchisee. Contrary to the agency theory our property rights approach predicts a positive relationship between royalties and fees. This hypothesis was tested by using data from the Austrian franchise sector. (C) 2001 Elsevier Science B.V. All rights reserved.
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页码：219 / 226
页数：8
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