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<dc:title>Economic sustainability in franchising: a model to predict franchisor success or failure</dc:title>
<dc:creator>Calderón Monge, Esther</dc:creator>
<dc:creator>Pastor Sanz, Iván</dc:creator>
<dc:creator>Huerta Zavala, Pilar Angélica</dc:creator>
<dc:subject>Franchise</dc:subject>
<dc:subject>Survival</dc:subject>
<dc:subject>Economic sustainability</dc:subject>
<dc:subject>Lasso regression model</dc:subject>
<dc:subject>Spain</dc:subject>
<dc:description>As a business model, franchising makes a major contribution to gross domestic product&#xd;
(GDP). A model that predicts franchisor success or failure is therefore necessary to ensure economic&#xd;
sustainability. In this study, such a model was developed by applying Lasso regression to a sample of&#xd;
franchises operating between 2002 and 2013. For franchises with the highest likelihood of survival,&#xd;
the franchise fees and the ratio of company-owned to franchised outlets were suited to the age&#xd;
of the franchise. Surviving franchises were those that opened franchised outlets at a sustainable&#xd;
pace, increased the franchise fee as intangible assets increased, and effectively managed profitability&#xd;
and efficiency.</dc:description>
<dc:date>2017-09-12T08:43:55Z</dc:date>
<dc:date>2017-09-12T08:43:55Z</dc:date>
<dc:date>2017-08</dc:date>
<dc:type>info:eu-repo/semantics/article</dc:type>
<dc:identifier>2071-1050</dc:identifier>
<dc:identifier>http://hdl.handle.net/10259/4598</dc:identifier>
<dc:identifier>10.3390/su9081419</dc:identifier>
<dc:language>eng</dc:language>
<dc:relation>Sustainability. 2017, V. 9, n. 8, art.  1419</dc:relation>
<dc:relation>https://doi.org/10.3390/su9081419</dc:relation>
<dc:rights>http://creativecommons.org/licenses/by/4.0/</dc:rights>
<dc:rights>info:eu-repo/semantics/openAccess</dc:rights>
<dc:rights>Attribution 4.0 International</dc:rights>
<dc:publisher>MDPI</dc:publisher>
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