... diffusion of franchising into Latin America: geographical distance, cultural distance, political stability and economic development. The authors also controlled for the host country’s market potential, transparency, unemployment rate and efficiency of contract enforcement. Design/methodology/approach...

... impediment to economic growth in Latin America (Gelos, 2006, p. 3). On the other hand, Argentine banks seem to be well capitalized, profitable and liquid. Generated by the onset of the Mexican crisis in 1994‐1995, capital flight and bank defaults continued to weaken banking sector performance. Subsequent...