enterprises (MSE), both for its ability to generate employment and for being the manifestation of the entrepreneurial spirit of … performance of MSE. And how can we have evidence of such optimization? There can be many ways, but the concept that is becoming …, the very critical resource for managing the MSE. This is the message: the franchises make tangible the entrepreneurship …

estimators possess finite moments when the sample size is large enough. The higher order expansion of the mean square error (MSE … selection of the regularization parameter based on the approximate MSE. A Monte Carlo study and two empirical applications …