Purpose: This study aims to examine how geographic diversification affects firms’ risk by introducing the franchising strategy as a moderator. Design/methodology/approach: The panel regression analysis was conducted with a sample of US restaurant firms. Specifically, a two-way random (or...

Purpose: Based on the agency theory and risk management perspective, this study aims to examine the relationship between CEOs’ pay schemes and corporate social responsibility (CSR) activities in the restaurant industry. Specifically, the authors propose that CEOs with a higher proportion of...