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Among the few researchers that use real options, Gorovaia and Windsperger (2013) conducted empirical research on franchise performance using a resourced-based, real options view, and Nugroho (2015) modeled franchise revenue guarantee using put type options.
We draw together much of this research by juxtaposing the two key theories used to explain franchising, resource scarcity and agency theory, with the empirical findings regarding three key franchising constructs franchise initiation, subsequent propensity to franchise, and franchise performance.
Green mentioned that the Coleman Franchise Report is a "compilation of SBA-published statistics on franchise performance since 2001".
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We tallied each franchise's performance on each of those variables (the franchise footprint and initial fees carried the most weight) and summed the figures to arrive at our rank-ordered list.
Hull's late efforts foiled a franchise-record performance by Panthers goalie Roberto Luongo, who stopped 57 of 60 shots.
The rail minister, Claire Perry, said GTR would not be able to bid for future franchises unless its performance improved.
In franchises, a bad performance by a franchisee has a strong negative impact over the whole chain, explaining why the management control systems (MCS) are key for the running and success of the franchise.
Founded in 2012, it's among North America's best-established franchises, with consistent performance and online media production fueling a globally recognized brand.
GTR took over the Southern franchise last year, and rail performance statistics show the service has declined steeply.
"But it's going to require the performance of franchise systems to change to meet the standards that banks are requiring.
In 1987, when Mario Cuomo was governor of New York, he was also a co-owner of a fantasy baseball franchise; for its poor performance, Governor Cuomo blamed his partner, whom he referred to, in an interview in The Times, as "perhaps the worst judge of baseball ability since a scout signed Clint Hartung".
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