Entrepreneurial Failure: The Case of Franchisees

Entrepreneurial Failure: The Case of Franchisees

The causes of failure are central to entrepreneurship research. This study extends agency and resource-based logic to explain how established franchisors affect franchisee failure. Analysis of 88 restaurant chains shows that franchisors reduce franchisee failure through contract design and by buildi...

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Veröffentlicht in:Journal of small business management 2008-01, Vol.46 (1), p.73-90
Hauptverfasser: Michael, Steven C., Combs, James G.
Format: Artikel
Sprache:eng
Schlagworte:
Adverse selection
Business failures
Business management
Business organization
Business ownership
Business studies
Chain stores
Consumption
Costs
Decision making
Entrepreneurs
Entrepreneurship
Food industry
Franchisees
Franchising
Incentives
Middle management
Moral hazard
Resource management
Restaurants
Royalties
Small and medium sized enterprises
Small business
Studies
Success
Wages & salaries
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Beschreibung
Zusammenfassung:The causes of failure are central to entrepreneurship research. This study extends agency and resource-based logic to explain how established franchisors affect franchisee failure. Analysis of 88 restaurant chains shows that franchisors reduce franchisee failure through contract design and by building strategic resources. Thus, franchisors' resource management and contractual policies play a key role in franchisees' survival.
ISSN:0047-2778
1540-627X
DOI:10.1111/j.1540-627X.2007.00232.x