Franchising Formats in the Russian Food Service Industry
https://doi.org/10.35854/1998-1627-2019-10-97-101
Abstract
The presented study addresses the issues of franchising in the Russian food service industry.
Aim. The study aims to determine the key factors of the success of franchising in the Russian food service industry and to identify the formats of franchising that are used in Russia.
Tasks. The authors analyze the materials of information portals about franchising and examine research papers on this subject.
Methods. To achieve the set aim, this study uses analysis and synthesis, systematization and structuring of information, and classification approaches.
Results. The growth of the food service market in the Russian Federation has led to the popularization of franchising, while the emerging additional business opportunities facilitate the development of new franchising formats.
Conclusions. The success of a franchise depends heavily on its buyer. Thus, new formats of franchising form and develop under the influence of many factors (location, regional peculiarities) when a new franchise unit opens.
About the Author
F. N. VelievaRussian Federation
Flora N. Velieva
Leninskie gory 1, bldg. 46, Moscow, 119991
References
1. Hotels, restaurants (catering). Catering turnover. Unified Interdepartmental Information and Statistical System (EMISS). State Statistics. URL: https://fedstat.ru/indicator/31258# (accessed on 10.09.2019). (In Russ.).
2. Gross domestic product. Annual data. Official website of the Federal State Statistics Service. URL: https://www.gks.ru/storage/mediabank/tab1(1).htm (accessed on 19.08.2019). (In Russ.).
3. Franchising: Growth points 2018. Buybrand.ru. URL: https://www.buybrand.ru/articles/18473/ (accessed on 19.08.2019). (In Russ.).
4. Jones A. The successful franchise restaurant mode. Market Realist. URL: https://marketrealist.com/2014/12/successful-franchise-restaurant-model/ (accessed on 27.08.2019).
5. Waddell B. Looking at the future of restaurant franchising. The Rail. URL: https://www.therail.media/stories/2019/7/9/looking-at-the-future-of-restaurant-franchising (accessed on 27.08.2019).
6. Gim J., Jang S. Heterogeneous dividend behaviors: The role of restaurant franchising. International Journal of Hospitality Management. 2019;80:183-191. DOI: 10.1016/j.ijhm.2018.10.009
7. Hoover V. L., Ketchen D.J. Jr., Combs J.G. Why restaurant firms franchise: An analysis of two possible explanations. The Cornell Hotel and Restaurant Administration Quarterly. 2003;44(1):9-16. DOI: 10.1016/S0010-8804(03)90041-3
8. Hotchkiss E. S., Mooradian R. M. Vulture investors and the market for control of distressed firms. Journal of Financial Economics. 1997;43(3):401-432. DOI: 10.1016/S0304-405X(96)00900-2
9. Choi S., Lee S., Choi K., Sun K.-A. Investment-cash flow sensitivities of restaurant firms: A moderating role of franchising. Tourism Economics. 2018;24(5):560-575. DOI: 10.1177/1354816618759201
10. Park K., Jang S. Is restaurant franchising capital a substitute for or a complement to debt? International Journal of Hospitality Management. 2017;63:63-71. DOI: 10.1016/j.ijhm.2017.03.001
11. Roh Y. S. Size, growth rate and risk sharing as the determinants of propensity to franchise in chain restaurants. International Journal of Hospitality Management. 2002;21(1):43-56. DOI: 10.1016/S0278-4319(01)00014-7
12. Adelegan O. J. An empirical analysis of the relationship between cash flow and dividend changes in Nigeria. African Development Review. 2003;15(1):35-49. DOI: 10.1111/1467-8268.00061
13. Ho H. Dividend policies in Australia and Japan. International Advances in Economic Research. 2003;9(2):91-100. DOI: 10.1007/BF02295710
14. Mealey L. 10 Things to know about restaurant franchises. The balance small business. URL: https://www.thebalancesmb.com/buying-a-restaurant-franchise-2888465 (accessed on 27.08.2019).
Review
For citations:
Velieva F.N. Franchising Formats in the Russian Food Service Industry. Economics and Management. 2019;(10):97-101. (In Russ.) https://doi.org/10.35854/1998-1627-2019-10-97-101