2019
Autores
Fernandes, V; Moreira, AC; Daniel, AI;
Publicação
Socio-Economic Development
Abstract
2019
Autores
Ferreira, LMD; Moreira, AC; Zimmermann, R;
Publicação
International Journal of Value Chain Management
Abstract
2019
Autores
Rosário, AT; Moreira, AC; Macedo, P;
Publicação
Handbook of Research on Corporate Restructuring and Globalization - Advances in Business Strategy and Competitive Advantage
Abstract
2019
Autores
Silva, P; Moreira, AC;
Publicação
REVIEW OF INTERNATIONAL BUSINESS AND STRATEGY
Abstract
Purpose The existing literature suggests that multinational corporations (MNCs) divest subsidiary units whenever they cease to enjoy the advantages of ownership, location or internalization. However, not all MNCs divest under these conditions. This paper aims to explore the factors that contributed to the survival of a particular subsidiary and prevented it from being divested. Design/methodology/approach The analysis focuses on an individual subsidiary of a large foreign MNC in the electronics industry, which divested other subsidiaries from Portugal. Data were collected using semi-structured interviews. Findings The subsidiary's diverse customer base, specificity and high level of efficiency, the local advantages, the existing governmental agreements and the parent MNC's previous unsuccessful relocation experiences seem to have contributed to the survival of the subsidiary. Research limitations/implications - Although the results of the case study are not generalizable to the entire population of firms, the featured case study is a rare survival success story in the Portuguese electronics industry. Practical implications - The proposed framework may offer public authorities measures to create conditions to encourage firms to retain their investment in a particular site. For corporate strategists, new perspectives on subsidiary survival are provided. Originality/value This paper is one of the few qualitative studies in the field of subsidiary survival. The results offer an integrative framework on which factors contribute to the survival of a subsidiary located on a comparatively unfavorable labor cost location and support the role of the organizational learning and of previous failed relocation experiences and relocation barriers when a parent MNC decides whether to retain a unit.
2019
Autores
Silva, P; Moreira, AC;
Publicação
BALTIC JOURNAL OF MANAGEMENT
Abstract
Purpose The purpose of this paper is to review the existing research on industrial divestment in order to identify the reasons for it, the process whereby it is achieved, and the outcomes of industrial sell-offs and closures. The study reports the main findings that have gained acceptance in the literature, gaps in the research and potential directions for future research. Design/methodology/approach A three stage systematic literature review protocol was used to conduct this review. The results are organized according to an "Antecedents - Process - Outcomes" framework. Findings The traditional accounts of industrial divestment have been framed in terms of firms' weak performance and over-diversification as antecedents to divestment, leading to corporate governance issues. However, the list of antecedents of industrial divestment is more extensive. There is no consensus over the impact of some factors on divestments, as is the case of firm and unit size. The results are not conclusive as to whether firm performance improves after divesting. Originality/value This paper synthesizes knowledge of the main reasons as to why firms completely dispose of their assets, contributing to this under-researched field.
2019
Autores
Freitas da Silva, PM; Moreira, AC;
Publicação
Advances in Logistics, Operations, and Management Science - Handbook of Research on Contemporary Approaches in Management and Organizational Strategy
Abstract
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