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Franchising has been widely accepted as an effective way to conduct and expand businesses. However, a franchise system … is not a guarantee of success in the market. A successful franchise system should rely on a close and strong franchising …
Persistent link: https://www.econbiz.de/10009438350
industry. Our focus is particularly on the difference of the investment-cash flow sensitivity between franchise and non-franchise … restaurant companies.Our particular interest in the difference of the investment-cash flow sensitivity between franchise and non-franchise … restaurant companies is based on the resource scarcity theory of franchise, which is one of the two major theories explaining …
Persistent link: https://www.econbiz.de/10009467941
In this final bachelor’s paper the establishment of business enterprise and activity under franchise basis have been … analysed. Searching problem has been described by these questions: in which case is it worth and how to choose a franchise? How … to achieve the maximum efficiency in franchise business? In the theoretical part of work the concepts of business and …
Persistent link: https://www.econbiz.de/10009479181
clear understanding of the advantages and disadvantages of SMEs and franchise businesses in Rustenburg (North West Province …) and its environs. A number of textbooks, published works and web articles on SMEs and franchise businesses were used in … and viewpoints of the entrepreneurs towards SMEs and franchise businesses. The study population consisted of 71 …
Persistent link: https://www.econbiz.de/10009480653
international level. Hotel chains are the leaders in hotel industry using franchise, managerial contract, strategic alliances …
Persistent link: https://www.econbiz.de/10012165526
The paper describes three analyses to examine differences in construction company POT profitability between (1 …) different financial years, and (2) different sizes of companies. In the first analysis, the aggregated profitability of a sample …. The size (turnover) of companies however was significantly positive correlated with profitability. The second analysis …
Persistent link: https://www.econbiz.de/10009437513
This paper makes two types of contributions to research on new venture teams. First, we examine previously neglected aspects of team composition, such as homogeneity and heterogeneity in terms of resource provision and prior start-up experience. Second, we attempt to reconcile conflicting...
Persistent link: https://www.econbiz.de/10009437543
firms which grow without first securing high levels of profitability tend to be less successful compared to firms that first … secure high profitability at low growth. Empirical tests using two large, longitudinal data sets confirm that the profitable … low growth firms are both more likely to reach the desirable state of high growth and high profitability and have a …
Persistent link: https://www.econbiz.de/10009437629
Growth and profitability are often essential parts of the overall managerial goals of firms. High growth can be seen as … an indicator of success and as a mean for achieving competitive advantage and higher profitability. But high growth can … also lead to a number of managerial and organisational challenges, that may affect the profitability negatively. The aim of …
Persistent link: https://www.econbiz.de/10009438273
While aggregate earnings should affect aggregate stock returns, standard portfolio theory predicts that the cross-sectional dispersion in firm-level earnings would not affect aggregate stock returns. Nonetheless, this paper demonstrates a surprisingly robust relation between cross-sectional...
Persistent link: https://www.econbiz.de/10009440958