Franchising is a popular and multifaceted business arrangement that has attracted
considerable research attention. Past inquiry has focused on franchising's antecedents …

Abstract Since Ronald H. Coase's (1937) seminal paper, a rich set of theories has been
developed that deal with firm boundaries in vertical or input–output structures. In the last …

Transaction cost economics, neoclassical economics, and the firm capabilities literatures
propose theories of the firm that typically depict firm boundaries determined by a …

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 …

Abstract Research Summary This article investigates the impacts of Airbnb on hotel demand
and the price and nonprice response strategies of incumbent hotels to Airbnb. We …

How do private equity firms affect their portfolio companies? We document operational
changes in restaurant chain buyouts using comprehensive health inspection records. Store …

This paper provides the first systematic evidence on how franchi-sors adjust their royalty
rates and franchise fees as they gain fran-chising experience. This evidence comes from a …

A contract is an agreement under which two parties make reciprocal commitments in terms
of their behavior to coordinate. As this concept has become essential to economics in the …

Franchising is a key entrepreneurial growth strategy, but a well-known downside is
franchisee free-riding. Drawing upon alliance capabilities research, we describe franchise …

An important feature of most franchise chains is that they simultaneously use franchised and
company‐owned outlets. In this study, I show that the relationship between the resources …