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Franchising structure changes and shareholder value: Evidence from store buybacks and refranchising

Drawing on agency theory and transaction cost analysis, this study investigates the impact of refranchising and buybacks of downstream retail units by franchising firms on shareholder value (i.e., stock returns). It further evaluates the contingency role of firm and industry factors in shaping this...

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Detalles Bibliográficos
Autores principales: Sadovnikova, Anna, Kacker, Manish, Mishra, Saurabh
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10435657/
https://www.ncbi.nlm.nih.gov/pubmed/37600157
http://dx.doi.org/10.1007/s11747-022-00921-3