77 research outputs found

    Why royalties ? Evidence from French distribution networks


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    Working paper GATE 2011-02This empirical note deals with the contractual design of relationships in distribution networks. In the framework of agency theory, I study the royalty rate as an incentive device for the upstream firm in maintaining brand-name value, using recent French data to estimate probit models. The results are consistent with the analytical framework

    Who Uses Financial Reports and for What Purpose? Evidence from Capital Providers

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    Contractual Allocation of Decision Rights and Incentives: The Case of Automobile Distribution

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