政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/67091
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文筆數/總筆數 : 113325/144300 (79%)
造訪人次 : 51161061      線上人數 : 917
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋
    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/67091


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/67091


    題名: 美國加盟者貸款倒帳因素之實證分析
    Empirical Analysis of Franchisee Loan Default in the U.S. Market
    作者: 盧冠伶
    Lu, Kuan Ling
    貢獻者: 張元晨
    Chang, Yuan Chen
    盧冠伶
    Lu, Kuan Ling
    關鍵詞: 連鎖加盟
    美國中小企業發展部門
    貸款壞帳
    代理問題
    資源匱乏理論
    議價能力
    franchising
    small business administration
    loan default
    agency theory
    bargain power
    resource scarcity theory
    日期: 2013
    上傳時間: 2014-07-01 12:05:38 (UTC+8)
    摘要: 不同於過去文獻多使用訪查加盟總部獲得之加盟者失敗率資料，本研究採用美國中小企業發展部門（Small Business Administration，簡稱SBA）官方所公布連鎖加盟品牌加盟者申請由政府擔保之優惠貸款統計數據，探討加盟者經營失敗的關鍵因素。實證資料包含2000年至2007年、2000年至2008年間累計的加盟者的失敗率，以及推算2007年貸款壞帳金額。實證結果發現，貸款壞帳金額迴歸模型整體解釋能力優於以失敗率迴歸模型。加盟總部基於資源匱乏動機而收取高額加盟投資資本，將導致加盟者貸款壞帳金額增加。此外，連鎖加盟契約期間愈長，加盟者有充裕時間回收投入成本，將使貸款壞帳金額愈少。加盟者本身若具有相關產業背景，有助於減少談判過程中與加盟總部之間資訊不對稱問題，因而增加議價能力、降低經營失敗風險，並造成貸款壞帳金額的降低。
    This thesis examines the causes of franchisees’ failure using loan performance data collected by the U.S. Small Business Administration, from 2000 to 2007 and 2000 to 2008. By extracting the loan default amount in 2007, I found that loan default model is more successful than the failure rate model at explaining franchisees’ failure. Empirical results support the notion that franchising capital is negatively related to loan default amount. Franchise contract term is also negatively and significantly related to the franchisees’ loan default amount. Results show that when franchisee owns relevant industry experience, which helps solve asymmetric information problem and enhance franchisees’ bargain power, both the default rate and default amount decrease.
    參考文獻: 1.陳盈儒（2013）。連鎖便利商店聯合行為 重罰！公平交易通訊，43，6-7。
    2.桂世平（2003）。25歲自己開店當老闆（初版）。臺北縣中和市：台灣廣廈。
    3.樓蘭，譚湘龍（2012）。台商連鎖店進軍中國（初版）。臺北市 : 時報文化。
    4.許英傑，李冠穎（2011）。連鎖管理 = Chain store management（初版）。新北市 : 前程文化。
    5.張耀銘（2004）。影響連鎖便利商店加盟續約意向之關鍵因素 - 以權力作為干擾效果，國立高雄第一科技大學行銷與流通管理系研究所碩士論文，高雄市。
    6.陳悅琴、陳俊宏、賴彥儒（2010）。影響連鎖加盟主對加盟總部忠誠度之因素探討，未出版。
    7.Alon, I., Boulanger, M., Misati, E., 2010. Can signaling theory help agency and resource scarcity theories explain franchisee failure? Predicting sba-backed loan defaults. Predicting SBA-Backed Loan Defaults (June 7, 2010)
    8.Anderson, E.E., 1984. The growth and performance of franchise systems: company versus franchisee ownership. Journal of Economics and Business 36, 421-431
    9.Bates, T., 1998. Survival patterns among newcomers to franchising. Journal of Business Venturing 13, 113-130
    10.Bradach, J.L., 1997. Using the Plural Form in the Management of Restaurant Chains. Administrative Science Quarterly 42, 276-303
    11.Brickley, J.A., Dark, F.H., 1987. The choice of organizational form the case of franchising. Journal of Financial Economics 18, 401-420
    12.Brickley, J.A., Misra, S., Van Horn, R.L., 2006. Contract Duration: Evidence from Franchising*. Journal of Law and Economics 49, 173-196
    13.Castrogiovanni, G.J., Bennett, N., Combs, J.G., 1995. FRANCHISOR TYPES: REEXAMINATION AND CLARIFICATION (FN*).
    14.Chatterjee, K., Samuelson, W., 2001. Game theory and business applications. Springer.
    15.Chen, C.-H., Wu, D., 2012. A Theoretical Model on the Influence in Chain Stores of Buyer Power. Journal of Economics and Management 8, 283-310
    16.Combs, J.G., Ketchen, D.J., 1999. Can capital scarcity help agency theory explain franchising? Revisiting the capital scarcity hypothesis. Academy of Management Journal 42, 196-207
    17.Combs, J.G., Ketchen, D.J., 2003. Why do firms use franchising as an entrepreneurial strategy?: A meta-analysis. Journal of Management 29, 443-465
    18.Combs, J.G., Michael, S.C., Castrogiovanni, G.J., 2004. Franchising: a review and avenues to greater theoretical diversity. Journal of Management 30, 907-931
    19.Edmister, R.O., 1972. An empirical test of financial ratio analysis for small business failure prediction. Journal of Financial and Quantitative Analysis, 1477-1493
    20.Falbe, C.M., Welsh, D.H., 1998. NAFTA and franchising: a comparison of franchisor perceptions of characteristics associated with franchisee success and failure in Canada, Mexico, and the United States. Journal of Business Venturing 13, 151-171
    21.Fan, Y., Kühn, K.-U., Lafontaine, F., 2013. Franchisees’ Financial Constraints and Franchisors’ Franchising Decisions. Ann Arbor 1001, 48109
    22.Glennon, D., Nigro, P., 2005. Measuring the default risk of small business loans: A survival analysis approach. Journal of Money, Credit and Banking, 923-947
    23.Kehoe, M.R., 1996. Franchising, agency problems, and the cost of capital. Applied Economics 28, 1485-1493
    24.Lafontaine, F., 1992. Agency theory and franchising: some empirical results. The RAND Journal of Economics, 263-283
    25.Michael, S.C., 2000. Investments to create bargaining power: The case of franchising. Strategic Management Journal 21, 497-514
    26.Michael, S.C., Combs, J.G., 2008. Entrepreneurial Failure: The Case of Franchisees*. Journal of Small Business Management 46, 73-90
    27.Norton, S.W., 1988. An empirical look at franchising as an organizational form. Journal of Business, 197-218
    28.Norton, S.W., 1995. Is franchising a capital structure issue? Journal of Corporate Finance 2, 75-101
    29.Oxenfeldt, A.R., Kelly, A.O., 1969. Will successful franchise systems ultimately become wholly-owned chains. Journal of Retailing 44, 69-83
    30.Petersen, M.A., Rajan, R.G., 1994. The benefits of lending relationships: Evidence from small business data. The Journal of Finance 49, 3-37
    31.Rubin, P.H., 1978. Theory of the Firm and the Structure of the Franchise Contract, The. JL & Econ. 21, 223
    32.Shane, S., Foo, M.-D., 1999. New firm survival: Institutional explanations for new franchisor mortality. Management Science 45, 142-159
    33.Shane, S.A., 1998. Making new franchise systems work. Strategic Management Journal 19, 697-707
    34.Windsperger, J., Dant, R.P., 2006. Contractibility and ownership redirection in franchising: A property rights view. Journal of Retailing 82, 259-272
    描述: 碩士
    國立政治大學
    財務管理研究所
    101357026
    102
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0101357026
    資料類型: thesis
    顯示於類別:[財務管理學系] 學位論文

    文件中的檔案:

    檔案 大小格式瀏覽次數
    702601.pdf1723KbAdobe PDF2123檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋