(PDF) The Theory of Franchising ResearchGate

17/05/2017· The theory of franchising provides firm-specific and location-specific conditions that explain when and why some firms franchise and others do not. The

The Theory of Franchising SpringerLink

17/05/2017· The theory of franchising provides firm-specific and location-specific conditions that explain when and why some firms franchise and others do not. The firm-specific conditions suggest that when the cash flow appropriability is more uncertain, the firm may choose to franchise the outlets; thus, the rate of franchising will be higher. The location-specific conditions suggest that unless the

The Theory of Franchising by Chandra S Mishra :: SSRN

29/11/2015· The theory of franchising provides firm-specific and location-specific conditions that explain when and why some firms franchise and others do not. The firm-specific conditions suggest that when the cost of capital is high or the business model appropriability is more uncertain, the firm may choose to franchise the outlets; thus the rate of franchising will be higher. The location-specific

THE THEORY OF FRANCHISING ResearchGate

theory of franchising fills an important gap in franchising literature. Entrepreneurial value creation is the key to the franchising strategy. Franchising business models leverage the

The Theory of Franchising Semantic Scholar

Franchising is a business model decision. The franchise model provides leveraged growth and entrepreneurial flexibility when the firm’s cash flow is uncertain. The theory of franchising provides firm-specific and location-specific conditions that explain when and why some firms franchise and others do not. The firm-specific conditions suggest that when the cash flow appropriability is more

Theoretical Perspectives in Franchising : A Network Analysis

franchising: Resource Acquisition, Agency Theory, Transaction Cost Analysis, Signaling Theory, and Property Rights. Interrelationships among these theories, authors, journals, variables, and methods are examined using network analysis. 2 INTRODUCTION Franchising as a legal or marketing concept was not new. It arose as a structured business system in the US, around 1860´s when The Singer

Theories of Franchise article1000

Theories of Franchise The real ground of franchise is nothing but the right to vote and it is one of the most significant and most challenging problems of the democracy. There are two schools of political thought have been noticeable.

A theory of franchising (1973 edition) Open Library

A theory of franchising by Laura Shiskin Rubin, 1973 edition, in English

The Theory of Franchising Semantic Scholar

Franchising is a business model decision. The franchise model provides leveraged growth and entrepreneurial flexibility when the firm’s cash flow is uncertain. The theory of franchising provides firm-specific and location-specific conditions that explain when and why some firms franchise and others do not. The firm-specific conditions suggest that when the cash flow appropriability is more

Franchise Theory Essay 1617 Words

Franchise Theory . Topics: Franchising, Transaction cost, Contract Pages: 6 (1617 words) Published: March 15, 2013. A REVIEW OF FRANCHISE THEORY INTRODUCTION In service based industries one of the fastest growing forms of market structure is that of franchise agreements. Certain aspects of franchise contracts tend to be idiosyncratic in nature thereby attracting a great deal of interest by

International retail franchising: an agency theory

01/08/1999· International retailers are increasingly using franchising as a means of entering foreign markets. However, international retail franchising lacks a conceptual basis from which an explanation of the major elements of this activity can be generated. Agency theory and its major premises of information asymmetry, monitoring costs, moral hazard and opportunism, are introduced in an attempt to

Agency Theory and Franchising: Some Empirical Results

Agency theory and franchising: some empirical results Francine Lafontaine * This article provides an empirical assessment of various agency-theoretic explanations for franchising, including risk sharing, one-sided moral hazard, and two-sided moral hazard. The empirical models use proxies for factors such as risk, moral hazard, and franchisors' need for capital to explain both franchisors

Toward a Theory of Social Venture Franchising Paul

01/09/2007· This article examines the relevance of the two main theories used to understand business format franchising—resource scarcity theory and agency theory—for social venture franchising through an in–depth case study of one of the United Kingdom's first and most high–profile social franchises. We posit that both theories can be reframed to take account of the distinctive

Towards a More General Theory of Franchising

“The Theory of the Firm and the Structure of the Franchise . Contract.” Journal of Law and Economics. 21: 223-33. Sandler, Todd 1995. Collective Action. Ann Arbor: University of Michigan Press. Sen, Kabir C. 1993. “The Use of Initial Fees and Royalties in Business-format . Franchising, Managerial and Decision Economics. 12: 190-210.

THE ECONOMICS OF FRANCHISING

THE ECONOMICS OF FRANCHISING This book describes in much detail both how and why franchising works. It also analyzes the economic tensions that contribute to conflict in the franchisor– franchisee relationship. The treatment includes a great deal of empirical evidence on franchising, its importance in various segments of the economy, the terms of franchise contracts, and what we know

Why Firms Franchise: A Search Cost Theory

Why Firms Franchise: A Search Cost Theory by Alanson P. Minkler * Abstract The purpose of this paper is to offer an explanation for the existence of franchis-ing which emphasizes the role of franchisees. I argue that franchising might exist because franchisees have superior knowledge about local markets and enjoy low search costs relative to the franchisor. Franchisee discretion is central to

Franchising Wikipedia

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply

Franchise Definition

Understanding Franchise. When a business wants to increase its market share or geographical reach at a low cost, it may franchise its product and brand name. A franchise is a joint venture between

Towards a More General Theory of Franchising

“The Theory of the Firm and the Structure of the Franchise . Contract.” Journal of Law and Economics. 21: 223-33. Sandler, Todd 1995. Collective Action. Ann Arbor: University of Michigan Press. Sen, Kabir C. 1993. “The Use of Initial Fees and Royalties in Business-format . Franchising, Managerial and Decision Economics. 12: 190-210.

an adaptation theory of franchising

so doing, it aims to develop a unified theory of the choice between franchising and vertical integration and of the optimal design of franchise contracts. In an article published in 1995 on the Journal of Corporate Finance, Ben-jamin Klein proposes a simple tradeoffbetween vertical integration and franchis-ing. According to Klein’s argument, vertical integration enables manufacturers to

Franchising Wikipedia

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply

International Franchising: Evolution of Theory and

02/07/2014· In particular, international franchising theory has evolved by incorporating capabilities theory, relationship theory, stakeholder theory, and governance mode theory. The biggest opportunity for future international franchising research is to add a branding theory perspective. Four sub-topics are put forward as promising areas for future research. Keywords: framework, franchising, global

THE ECONOMICS OF FRANCHISING

THE ECONOMICS OF FRANCHISING This book describes in much detail both how and why franchising works. It also analyzes the economic tensions that contribute to conflict in the franchisor– franchisee relationship. The treatment includes a great deal of empirical evidence on franchising, its importance in various segments of the economy, the terms of franchise contracts, and what we know

Why Firms Franchise: A Search Cost Theory

Why Firms Franchise: A Search Cost Theory by Alanson P. Minkler * Abstract The purpose of this paper is to offer an explanation for the existence of franchis-ing which emphasizes the role of franchisees. I argue that franchising might exist because franchisees have superior knowledge about local markets and enjoy low search costs relative to the franchisor. Franchisee discretion is central to

New Developments in the Theory of Networks: Franchising

16/01/2011· The theory of networks aims at developing theoretical views on the design and management of alliances, franchise chains, licensing, joint ventures, cooperatives, and venture capital relations. The current trend in economics and management of networks is twofold: First there is a strong tendency toward application of theoretical approaches developed both in organizational economics,

New Developments in the Theory of Networks: Franchising

New Developments in the Theory of Networks: Franchising, Alliances and Cooperatives Tuunanen, Mika (Edited by)/ Windsperger, Josef (Edited by)/ Cliquet, Gérard (Edited by)/ Hendrikse, George (Edited by) Published by Physica, 2013. ISBN 10: 3790828297 / ISBN 13: 9783790828290. New / Paperback / Quantity Available: 0. From Revaluation Books (Exeter, United Kingdom) Seller Rating: Available

Commitment in Franchising: The Role of Collaborative

01/05/2011· Social exchange theory provides the basis for developing a model where collaborative communication from the franchisor relates positively to commitment, and commitment relates negatively to franchisees’ propensity to leave the relationship. We analyze data from a unique dataset of 200 franchisees and find partial support for this model; franchisor communication positively relates to one

A theory-based description of Australian franchising

This paper examines franchising regulation in Australia as a case study for the analysis of regulation based on established regulatory theory. A literature review is conducted to establish and critique the theory of regulation based on the four main areas of established theory; regulatory purpose, regulatory strategies, rulemaking and enforcement. Case study data is drawn from primary source

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