HOW DO CORPORATE GOVERNANCE MECHANISMS INFLUENCE RISK MANAGEMENT AND FINANCIAL SUSTAINABILITY IN FRANCHISE NETWORKS?
DOI:
https://doi.org/10.56238/bocav25n79-001Keywords:
Corporate Governance, Franchise Networks, Risk Management, Financial Sustainability, Governance MechanismsAbstract
The franchise system represents a robust and scalable business expansion model, but its success and longevity are intrinsically linked to the effectiveness of its governance structures. This article explores the fundamental relationship between corporate governance mechanisms, risk management, and financial sustainability in the context of franchise networks. Through a literature review, it argues that governance transcends mere contractual control, encompassing relational mechanisms that are crucial for aligning the interests of franchisors and franchisees. The analysis demonstrates that well-structured governance not only mitigates financial, operational, and brand risks but also fosters an environment of trust and cooperation, which is essential for the long-term financial sustainability of the network. It concludes that the combination of formal controls and solid relational governance is what allows franchise networks to navigate uncertain environments, ensuring their resilience and continued success.
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