Hybrid organizational arrangements and their implications for firm growth and survival: A study of new franchisors

• 成果类型: Article
• 署名作者: Shane, SA
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256637
• 发表日期: 1996
• 页码: 216-234
• 关键词: AGENCY-THEORY; explanations; integration; TECHNOLOGY; management; form

摘要

This study proposes that hybrid organizational forms provide a way to overcome the agency problems of adverse selection and moral hazard in selecting, assimilating, and monitoring new managers. Consequently, hybrid forms allow firms to overcome managerial limits to firm growth and therefore grow faster. Specifically, the study shows empirically that the degree to which a firm emphasizes franchising as its expansion strategy has a significant, positive effect on its growth and survival.