Are franchises really more viable? Evidence from loan defaults

Nicolas Legendre,Miwako Nitani,Allan Riding

Journal of Business Research（2021）

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摘要

•Likelihood of loan defaults is higher for franchisees than for non-franchisees.•Increased risk of franchisees is consistent through most sectors and time horizons.•Franchising is not a less risky form of business organization for entrepreneurs.

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关键词

Small business,Franchising,Loan default,Franchisee selection

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