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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...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer US
2023
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| 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 |