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Droit d’entrée et taux de redevance dans les franchises d’exploitation au Québec

Author

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  • Gagné, Robert

    (École des Hautes Études Commerciales)

  • Sigué, Simon Pierre

    (École des Hautes Études Commerciales)

  • Zaccour, Georges

    (École des Hautes Études Commerciales)

Abstract

This paper provides an econometric analysis of franchise fees and royalties using a sample of franchises in Québec. Our results do not reveal any evidence of simultaneity between franchise fees and royalties. These elements act as a signal, from franchiser and franchisee, and deal with moral hazard. Franchise fees and royalties do not seem to be affected by risk and capital shortage. Cet article procède à une analyse économétrique du droit d’entrée et du taux de redevance dans les franchises d’exploitation au Québec. Nos résultats montrent qu’il n’y a pas simultanéité dans la détermination des deux éléments de la structure de paiement. Cette dernière joue le rôle de signal et contribue à transiger avec les risques moraux du franchiseur et du franchisé. La contrainte de capital et le risque n’ont pas un impact direct sur le droit d’entrée et le taux de redevance.

Suggested Citation

  • Gagné, Robert & Sigué, Simon Pierre & Zaccour, Georges, 1998. "Droit d’entrée et taux de redevance dans les franchises d’exploitation au Québec," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(4), pages 651-668, décembre.
    • Handle: RePEc:ris:actuec:v:74:y:1998:i:4:p:651-668
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    References listed on IDEAS

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    Cited by:

    1. Francine Lafontaine & Kathryn L. Shaw, 1999. "The Dynamics of Franchise Contracting: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 1041-1080, October.

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