Browsing by Author "Guerrazzi, Luiz Antonio de Camargo"
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- Doing bibliometric reviews for the Iberoamerican Journal of Strategic ManagementPublication . Serra, Fernando Antonio Ribeiro; Ferreira, Manuel Portugal; Guerrazzi, Luiz Antonio de Camargo; Scaciotta, Vanessa VasconcelosThe editorial comments published in the Iberoamerican Journal of Strategic Management are intended to help researchers and students to improve their articles. These editorial comments include content and suggestions about writing, publishing and reviewing articles, as well as methodological issues. In this new editorial comment, we will present our views on bibliometric studies. Bibliometric studies are sometimes marginalized, but in our view, as in any other study, the problems are equivalent to a study that is not done properly.
- Mergers and Acquisitions: Does Hiring Financial Advisors Make a Difference?Publication . Oliveira, Leandro Rodrigues de; Serra, Fernando Antonio Ribeiro; Ferreira, Manuel Anibal Silva Portugal Vasconcelos; Guerrazzi, Luiz Antonio de CamargoThis study conducts a meta-analysis to address inconsistencies and fragmented understanding regarding the role of financial advisors in mergers and acquisitions (M&A). We aim to quantitatively synthesize existing empirical evidence to clarify the deter- minants influencing the engagement of financial advisors and, critically, how their characteristics and transaction contexts im- pact the operational and financial outcomes of M&A deals. Through a systematic literature review and meta-analytic approach, we analyzed 65 empirical studies (articles, theses, and dissertations) to identify and classify variables explaining the selection and influence of financial advisors on M&A performance. Our analysis specifically correlated independent variables measuring financial advisor attributes (e.g., experience, competence, and reputation) with dependent variables reflecting operational per- formance (transaction completion time) and financial performance (e.g., CAR, SCAR, ROA, ROE, and EBITDA). The findings indicate that the ability to foster positive operational (shorter completion times) and financial outcomes is a primary driver for engaging financial advisors in M&A. Financial advisors demonstrably contribute to more efficient deal closures, higher financial returns, and reduced completion times. The meta-analysis reveals significant moderating effects of financial advisor reputation and M&A complexity (proxied by size) on the relationship between advisor engagement and M&A performance, explaining heterogeneity in prior research. This study significantly advances M&A literature by providing a robust, quantitative synthesis that moves beyond prior inconclusive findings. We demonstrate that financial advisors are critical in navigating M&A complex- ities, and their effectiveness is contingent upon their reputation and the transaction's inherent complexity. By elucidating these moderating roles, our meta-analysis offers a clearer, more nuanced understanding of when and how financial advisors make a difference, thereby informing both academic theory and practical decision-making in M&A strategy.
- Using Meta-Analytic Structural Equation Modelling to Advance Entrepreneurship Research: A Study on the Liabilities of Newness and SmallnessPublication . Guerrazzi, Luiz Antonio de Camargo; Serra, Fernando Antonio Ribeiro; Ferreira, Manuel Portugal; Scazziota, Vanessa VasconcelosThe current literature examining factors related to age and size leading organisations to underperform is vast and has employed multiple theoretical lenses. However, the evidence is fragmented and mixed, and the causes for underperformance remain unclear. Building on empirical findings in 62 studies and a sample of 241 effect sizes covering 20 years of research, a meta-analysis with structural equation modelling was combined to extend the knowledge of the threats of age and size to firms’ performance. Formalisation, legitimacy and organisational structure were used to test the mediation between size and age in performance. These variables are pointed out as factors associated with the threats of age and size. The results provide evidence that structure and mainly formalisation and legitimacy play a key role in mitigating the effects of the liabilities of newness and smallness. The findings provide information on how managers should take action to keep their ventures alive.