“…This paper analyzes if the maturity of the internationalization of the companies changes the way of operating, taking into account that the internationalization of Brazilian franchises is still in an initial stage. The intention is to broaden the discussion of other papers that looked at how the companies operated the strategy in their first internationalization (Burton & Cross, 1995;Aguiar, Consoni, & Bernardes, 2014;Aliouche & Schlentrich, 2011;Camargo, Rocha, & Silva, 2016;Jell-ojobor & Windsperger, 2013;Khauaja & Toledo, 2011;Quinn & Alexander, 2002;Rocha, Borini, & Spers, 2012).…”