
The Microstructure of Financial Markets
Frank de Jong, Barbara Rindi
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Franchising, Strategic Alliances, and Cooperatives
by Gérard Cliquet, George Hendrikse, Mika Tuunanen
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Previous research on the institutional structure of franchising networks (Bri- ley et al. 1991; Lutz 1995; Shane 1998; Lafontaine and Shaw 1999, 2005; - fuso 2002; Penard et al. 2003a, b) does not explain the governance structure of the franchising firm as an institutional entity that consists of two interrelated parts: Residual decision rights and ownership rights.
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