摘要:This paper adopts the perspective of Theory of Signals to discuss how someone starting a business as a franchisee for the first time can choose a suitable franchise brand. The aim was to analyze the relationship between certain signals sent by the franchisor and the choice of a franchise brand by the prospective franchisee. Using panel data, we found that the effects of macroeconomic variables in Spain for the 2006-2013 crisis period influenced franchisees’ net income, which thus became a relevant signal in their process of choosing a franchise brand to start a business
关键词:Distribution channel, franchising, signaling, panel data, franchisee;Canal de distribución, franquicia, señales, datos de panel, franquiciado;Canal de distribuição, franquia, sinais, dados de painel, franquead