Should I Stay or Should I Go? Geographic Entrepreneurial Choices in Brazilian Franchising
研究了特许经营连锁店是留在同一地理区域还是向远处扩张更有利，基于巴西面板数据发现空间集聚能提升绩效，集聚收益超过同类相食和空间垄断效应。
In the broad empirical literature on franchising, performance outcomes of location decisions appear to be a largely forgotten issue. Yet franchising represents a rich context to study the impact of geographic entrepreneurial choices. Addressing this “blank spot” in the literature, we deal with the following question: Is it better for a chain to stay in the same geographic area, or to expand via distant franchised units? Our econometric estimations on new and unique Brazilian panel data show that spatial agglomeration of chain outlets leads to higher performance, suggesting that agglomeration gains outweigh cannibalization and spatial monopoly effects.