Franchising plays a significant role in the rapid growth of its retail sales. Franchising is a system in which the franchisor grants a license, trademark,and service mark, as well as advice, and assistance in organizing, merchandising, and managing the business as a long-term business...

Payouts play an important role in the relationship between shareholders and agents in terms of rewarding the decisions of shareholders. Previous studies have observed that payout decisions appear in different ways depending on an industry's financial and operating structures. Since the airline...