特许经营的契约性质

特许经营的契约是一组无形资产"捆绑"在一起融入某种商品交易中的复合契约;契约中交易的收入条款往往没有直接确定无形资产的独立价格,而是确定为一个基数加上某种商品交易收入的分成;契约中交易的使用条款通常包含特许人对受许人生产经营过程的"干预"、"指挥"和"协调"方面的规定。契约实质是一组无形资产的间接定价机制。     

韩国金融危机中银行特许权价值降低的实证分析

银行特许权价值和银行许可证使得银行更有激励去监督其所提供贷款的公司，更有激励进行贷款组合的风险管理，从而直接保证经营者不采用道德风险的行为，因此它对于银行稳健经营是非常有利的。通过对韩国经济危机中银行特许权价值进行实证分析，能够看出金融全球化和金融自由化带来的特许权价值降低和金融风险增大倾向。     

The Retailing Literature as a Basis for Franchising Research: Using Intellectual Structure to Advance Theory

This study evaluates the foundational intellectual structure of franchising research over the last four decades. Based on 1718 articles from a sample of 40 journals, we use co-citation analysis, employed in both multidimensional scaling and hierarchical cluster analysis, to evaluate 67,073 citations and determine the theoretical underpinnings of franchising research. As the results indicate, the retailing literature has had an integral influence on studies related to franchising. To advance this research domain, we develop a three-dimensional typology (franchise structure, consumer exchange, and strategic intention) based on established and emergent franchise-related topics. The typology indicates six suggested topics for examination to advance franchising research based on the domain's accomplishments to date.     

商业银行特许权价值的自律效应研究

特许权价值是商业银行具有的从受保护市场获取未来租金的牌照价值,通常情况下,具有相对较高特许权价值的银行为了避免破产,更有动力倾向于采取谨慎策略,因而其发挥着银行风险自律器的作用。通过银行风险行为的静态选择和动态选择视角,考证特许权价值的自律效应,对于后过渡时期的银行监管政策具有启发意义。     

Structural and strategic dynamics in franchising

In this paper we examine the changes in ownership patterns of franchise systems as they mature. We compare the predictions made by three alternative theories within the context of the fast food industry. Signaling theory predicts that franchise systems will move toward a greater reliance on franchised outlets as systems mature, while resource acquisition theory (or as it is sometimes known, ownership redirection thesis) predicts a tendency in the opposite direction. A third theoretical perspective, tapered integration or plural forms, suggests a tendency toward maintaining a steady state of mixed distribution. Results indicate that although franchisors value the benefits of the mix of ownership types and do maintain that mix over time, there is some evidence of a greater tendency to permanently convert existing franchised outlets to company-owned outlets as fast food systems mature and gain greater access to resources.