Browsing by Author "Carvalho, Fernando"
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- An overview of three decades of mergers and acquisitions researchPublication . Reis, Nuno; Carvalho, Fernando; Ferreira, JoséMergers and acquisitions (M&A) have long attracted managers’ attention and have been researched in different perspectives and using different theories. In this study we grasp the wealth of extant research in the field of M&As. We conducted a bibliometric study of 635 articles on strategic management and international business research published in 34 highly ranked management journals between 1983 and 2012. We performed citation, co-citation and factor analyses to uncover the issues examined by scholars, the main theoretical approaches and themes researched. The results show a relative shift from economic and financial approaches to knowledge-based and organizational learning perspectives in recent years. There was also an evolution from assessing the performance of firms after an M&A to seeking an understanding of what may drive synergy creation after the integration process. Furthermore we observed an increasing interest in cross-border M&As. We discuss our findings, identifying gaps and suggesting paths for future research.
- Análise dos fundamentos da teoria baseada nos recursosPublication . Pedrosa, António José Pinto; Carvalho, FernandoFrequentemente as hipóteses da teoria baseada nos recursos (RBV) são testadas utilizando uma abordagem centrada na heterogeneidade dos recursos, permitindo apenas identificar que recursos ou capacidades específicas devem ser exploradas para alcançar a vantagem competitiva. Neste artigo, utilizamos uma abordagem conceptual procurando testar se as combinações de recursos e capacidades com valor, raridade e inimitabilidade, mais do que a sua especificidade, determinam maior vantagem competitiva e performance. Os resultados obtidos de 368 questionários validados por gestores de empresas de vários setores económicos portugueses corroboram as hipóteses de que, o aumento do valor, da raridade e da inimitabilidade das combinações testadas eleva a vantagem competitiva da empresa e, que a performance é alcançada por esta via. As conclusões são de interesse para o desenvolvimento da investigação no campo da gestão estratégica e, para os gestores possibilitando-lhes a tomada de decisões estratégicas com base no valor, raridade e inimitabilidade das combinações de recursos com capacidades da sua empresa.
- Cross-border mergers and acquisitions: a bibliometric review and future research avenuesPublication . Reis, Nuno; Carvalho, Fernando; Ferreira, JoséCross-border mergers and acquisitions (CBMAs) are an important mode of international expansion and have attracted substantial scholarly attention in the last decades. The extant literature on CBMAs is fragmented and often presents contradictory perspectives which hinder the researchers’ ability to understand the phenomenon. Therefore it is useful to analyse the extant literature on CBMAs, to make sense of what has been published, in a systematic and objective way. In this paper we conduct a bibliometric review of CBMA research over a 20-year period (1994–2013). Using a sample of 256 articles published in 69 journals we performed citation, co-citation and factor analyses, structural and longitudinal, to understand the most influential works and to observe the evolution of the themes and theoretical approaches used. We identified the importance of culture-related works as well as the increasing importance of resource-and knowledge-related approaches, whereas finance/economics perspectives have a decreasing influence.
- Institutions and Firms’ Performance: A Bibliometric Analysis and Future Research AvenuesPublication . Oliveira, Alexandre; Carvalho, Fernando; Reis, Nuno RosaInternational business scholars have recognized the importance of the contextual embed- dedness of firms. However, how they matter remains a contested question. Although recent efforts have been made to review the field, it remains unclear how institutions affect firms’ performance. We aim at answering the following research question: How is the intellectual and the conceptual structure of the institutions and firms’ performance field defined? We searched in the WoS and Scopus databases with pre-determined keywords, and we obtained a sample of 1063 articles that we analyzed by conducting the citation and co-citation analyses, keyword co-occurrence analysis, and thematic map analysis. Our bibliometric results portrayed how the intellectual and conceptual structure of the field has evolved. We contribute to the international business literature by providing a one-stop overview of the field, thus identifying current accomplishments and future research avenues on the relationship between institutions and firms’ performance. By analyzing the articles included on the Emerging and Niche clusters, we discuss future research avenues on the topics of sustainability, entrepreneurship, political ties, and institutional quality.
- The impact of corruption distance on ownership strategies of spanish and portuguese MNEsPublication . Faria, Mariana Pedrosa; Carvalho, Fernando; Reis, NunoThe ownership strategy of foreign subsidiaries is an important decision for multinational enterprises (MNEs). Previous research has analyzed the effect of country dimensions on this strategy, both from the home and the host country. In this paper we delve into the effect of differences between home and host country on the MNEs’ ownership strategies. Empirically, we analyze the influence of corruption distance on the ownership strategies of Spanish and Portuguese MNEs, using data from 3,941 foreign subsidiaries. We found that the higher the absolute corruption distance between Spain (or Portugal) and the host country, the higher the ownership controlled by MNEs. However, when the host is more corrupt than the home country, MNEs have a lower ownership level in the local subsidiaries.