What it takes?
If you’d like to find out more about the subject, then visit the following page here at Maurice Roussety, Experience Working For Australia’s Finest.
Maurice Roussety has proven himself to be a key player in the world of business in Australia, and also a key thinker in academic business circles. Having completed his PhD from Griffith University in 2015, he has continued his work in the world of business consultancy where he has excelled for many years. His thesis was titled- An Integrated Economic Model for the Evaluation of Franchise Systems and helped Maurice Roussety take his level of knowledge and expertise to the next level. He is armed with arguably the greatest academic insight into franchises in Australia today, and as a result is a highly sought after business consultant.
Contributing to the debate over risk premium calculation, his doctoral dissertation successfully developed a framework for calculating agency costs in franchise arrangements and the calculation of risk premium, which is based on two cornerstones, namely a risk-free rate and total risk as measured by the sum of market specific and company specific risks. This cardinal premise is deeply rooted in on the inapplicability of modern portfolio-based risk models when valuing private companies and his petition for the alternative use of total beta. In that context, total risk is spread across five related ecological hierarchies and set in a multi-factor model that blends retrospective and prospective risk measures.
It is imputed at different levels of the ecology by a weighted beta and is directly adjusted at the ‘true firm level’ for expectations, preferences, choices, and risk averseness. This breakthrough has allowed him to do what has been an insurmountable task for scholars in the last thirty years- that is to provide a forensically sound methodology for valuing franchise goodwill.
The topic of the thesis was inspired by recent changes in Australian government legislation regarding franchise systems. Government intervention in the Australian franchising sector means that franchisers and franchisees cannot deal with each other free of restrictions. Consequently, these restrictions to freedom of contract provide a catalyst for franchise businesses to become increasingly differentiated from those that operate independently, thereby creating nonconformity and incongruity in the way they are structured and operated. Find out more about this important piece of business literature here at Maurice Antoine Roussety, Project Management and Consultancy Excellency.