Abstract
This study examines the association between restaurant industry firms’ decisions to franchise and firm characteristics suggested by agency and capital market theories. Motivating the inquiry is the observation that franchising has become an increasingly important and growing element in the restaurant industry (Franchising in the Economy, 1992).
Original language | English |
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Pages (from-to) | 107-108 |
Number of pages | 2 |
Journal | Journal of Hospitality Financial Management |
Volume | 6 |
Issue number | 1 |
DOIs | |
State | Published - 1998 |