Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry PDF
By:Joonho Moon
Published on 2015 by
DOWNLOAD HERE !
The purpose of this study was to investigate how upper theory accounts for risk-averse strategic decisions. This study chose top management team (TMT) as a proxy for upper echelon. The main attributes of TMT in this research were age, tenure, education, equity ownership, and stock options. The study selected franchising as a representation of a risk-averse strategy, based on the arguments of the resource scarcity theory, agency theory, and risk-sharing theory, and it examined the moderating effect of internationalization between the attributes of the TMT and franchising decisions. Since restaurant industry has the largest contribution of franchising revenues to the US economy more than any other industry, it was chosen as the context of this research. The sample was derived from the Execucomp, Compustat, Annual 10-K database, and other publicly accessible resources (e.g., Linkedin and Business week). The study period was 2000-2013 and 29 restaurant companies were used for data collection. The panel feasible generalized square (FGLS) was used to analyze the data in order to minimize the biases of heteroskedasticity and autocorrelation that could occur due to the use of panel data. The results of this study suggest that age, education, and share ownership were influential attributes to explain overall franchising decision of TMTs. In addition, this study found that there was a significant moderating effect between the attributes of the upper echelon theory (e.g., tenure, education, and share ownership) and the degree of internationalization to explain franchising decisions. This study provided a more comprehensive understanding of the decision making process of franchising in the US restaurant industry based on the upper echelon theory framework.
This Book was ranked at 9 by Google Books for keyword Restaurant Industry.
Book ID of Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry's Books is 80T1jgEACAAJ, Book which was written byJoonho Moonhave ETAG "ImNWQ6Vil/c"
Book which was published by since 2015 have ISBNs, ISBN 13 Code is and ISBN 10 Code is
Reading Mode in Text Status is false and Reading Mode in Image Status is false
Book which have " Pages" is Printed at BOOK under Category
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
DOWNLOAD NOW !
Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry PDF Free
Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry Book Free
Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry Free
Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry PDF
Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry Book
How to Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry Book
How to Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry
How to Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry pdf
How to Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry free
Free Download Franchising and Top Management Team (TMT) Decisions in the US Restaurant Industry
No comments:
Post a Comment