“…Franchising has become a popular format for international and domestic expansion (Rosado-Serrano et al , 2018). Naturally, global expansion, especially in emerging markets, has received plenty of attention from researchers (Bretas and Alon, 2021; Bretas et al , 2021; Rosado-Serrano et al , 2018; Welsh et al , 2006). In addition to the positive aspects of franchising, several scholars have focused on franchising governance as a critical factor associated with firm performance (Bretas and Alon, 2021; Ghantous et al., 2018; Ludvigsson-Wallette and Lawrence, 2020; Rosado-Serrano et al , 2018).…”