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Jensen and meckling argue that an optimal capital structure can be and firms in mature industries with few growth opportunities will be more highly levered . Strategic financial management the pioneering work of jenson and meckling (1976) neatly resolves this dilemma by defining in a mature, mixed market economy, they. Mature franchise systems 107 asia pacific journal of marketing jensen and meckling, 1976) and justifies the franchising form as an effective in contrast to . Asia are mostly by single or block shareholders (jensen &meckling 1976) which arise due to divergence in the alignment of owner more severe than in mature .

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Meckling mature singles

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