Can capital scarcity help agency theory explain franchising? Revisiting the capital scarcity hypothesis

被引：148

作者：

Combs, JG ^{[1
]}

Ketchen, DJ

机构：

[1] Univ Dayton, Dayton, OH 45469 USA

[2] Louisiana State Univ, Baton Rouge, LA 70803 USA

来源：

ACADEMY OF MANAGEMENT JOURNAL | 1999年 / 42卷 / 02期

关键词：

D O I：

10.2307/257092

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We offer a rationale for a link between capital scarcity and franchising. Predictions respectively based on agency theory and the capital scarcity hypothesis were tested among 91 restaurant chains. Our specific focus was on whether or not variables based on capital scarcity could explain variance in firms' franchising decisions beyond what was explained by agency variables. The latter were significant predictors of franchising, and the capital scarcity variables explained additional variance, indicating that capital is among the resources related to franchising.

引用

页码：196 / 207

页数：12

共 55 条

[1] MARKET FOR LEMONS - QUALITY UNCERTAINTY AND MARKET MECHANISM [J].