Does franchising create value? An analysis of the financial performance of US public restaurant firms

dc.contributor.authorAliouche, E. Hachemi
dc.contributor.authorSchlentrich, Udo
dc.date.accessioned2011-01-27T14:52:40Z
dc.date.available2011-01-27T14:52:40Z
dc.date.issued2005
dc.descriptionAuthor's Original
dc.description.abstractIt is commonly believed that the franchising method of distribution provides strategic and operational benefits to the companies that adopt it. These benefits should result in superior financial performance as compared to that of firms that do not use franchising. Yet, the empirical evidence of the effects of franchising on financial performance is sparse and mixed. The purpose of this paper is to further examine the empirical evidence of the impact of franchising on a firm’s financial performance by using performance metrics (Economic Value Added and Market Value Added) that are extensively used in corporate finance. This study focuses on the US public restaurant sector. The results provide some evidence that franchising firms create more market and economic value than do non-franchising firms. A revised version of this paper has since been published in the International Journal of Hospitality and Tourism Administration. Please use this version in your citations.en_US
dc.description.bibliographicCitationAliouche, E. & Schlentrich, U. (2009). Does Franchising Create Value? An Analysis of the Financial Performance of US Public Restaurant Firms. International Journal of Hospitality & Tourism Administration, 10(2), 93-108en_US
dc.digSpecsPDF/A-1ben_US
dc.format.extent514509 bytesen_US
dc.format.mediaTypeapplication/pdfen_US
dc.identifier.urihttps://hdl.handle.net/10474/1673
dc.language.isoen_USen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.hasversiondoi: 10.1080/15256480902850943en_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsRoutledge (Taylor & Francis) retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderRoutledge (Taylor & Francis)
dc.subject.othereconomic value addeden_US
dc.subject.otherfinancial performanceen_US
dc.subject.otherfranchisingen_US
dc.subject.otherrestaurant sectoren_US
dc.titleDoes franchising create value? An analysis of the financial performance of US public restaurant firmsen_US
dc.typeWorking Paperen_US
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