Scale, Scope and Takeovers: Evidence from Franchised Chains

Abstract

We use data on the largest U.S.-based franchised chains, measured by worldwide sales, from 1998 to 2007, to explore scale and scope (or spillovers) effects. Because franchised chains are fundamentally single-product or single-concept entities that usually continue to be developed separately when they belong to multi-chain firms, we can distinguish scale… (More)

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