Marina Gama
Getulio Vargas Foundation (Fundação Getulio Vargas), Administração, Graduate Student
- University of Illinois at Urbana-Champaign, Finance, Department Memberadd
- I am a Ph.D. student at FGV-EAESP, I was visiting scholar in the University of Illinois at Urbana-Champaign - UIUC until the end of 2016. My research interests are Strategy, corporate governance, business groups, corporate political activity.edit
- Rodrigo Bandeira-de-Melloedit
Research Interests:
Essa pesquisa teve como objetivo contribuir com a teoria adicionando uma explicação sobre como os mecanismos de estratégia política afetam o crescimento dos grupos empresariais. O crescimento é um importante aspecto da estratégia dos... more
Essa pesquisa teve como objetivo contribuir com a teoria adicionando uma explicação sobre como os mecanismos de estratégia política afetam o crescimento dos grupos empresariais. O crescimento é um importante aspecto da estratégia dos grupos empresariais. As explicações existentes sobre a influência das estratégias políticas na expansão dos grupos empresariais são muito amplas. Neste trabalho foi feita uma pesquisa qualitativa em profundidade por meio de 16 entrevistas e 480 itens de dados secundários para desvendar os mecanismos pelos quais as estratégias políticas das empresas influenciam a diversificação e expansão dos grupos empresariais brasileiros. As estratégias políticas utilizadas na literatura (BANDEIRA-DE-MELLO; MARCON, 2011; CLAESSENS et al., 2008; FACCIO, 2006; HILLMAN; HITT, 1999) estão presentes nas dezessete diversificações e expansões analisadas. Os resultados mostram que a relação entre as estratégias políticas e o crescimento dos grupos empresariais tem caráter contingencial, pois os mecanismos de ação da estratégia política podem ser difuso ou preciso dependendo da origem do crescimento, do relacionamento histórico do grupo com o governo, do crescimento se é via diversificação ou expansão e do tamanho do grupo.
Research Interests:
How do companies and government interactions affect business groups' decisions on growth? So far, empirical evidence is based on qualitative data that do not explain how political strategies affect the expansion or diversification of... more
How do companies and government interactions affect business groups' decisions on growth? So far, empirical evidence is based on qualitative data that do not explain how political strategies affect the expansion or diversification of business groups. Our main contribution is to discuss the conditions that affect their growth. To do this, we conducted an in-depth field study in six business groups, and examined 17 growth decisions. Four categories (origin of growth, historical relationships, business group's scope and use of specific political strategies) emerged from the analysis, based on interviews with managers and on 480 secondary data sources. We further applied the qualitative comparative method to test our categories as conditions for growth. We found that a historical relationship between the group and the government is a necessary but insufficient condition for growth through diversification. To foresee diversification, historical relationship must be aligned with government's political interest, or with the use of one or a combination of specific political tactics. We found no set of variables that can fully explain growth through expansion.
Research Interests:
Existing literature addresses the concomitant internationalization path of emerging market multinationals (EMNEs) in both advanced and emerging countries. This strategy requires that ambidextrous EMNEs simultaneously explore new... more
Existing literature addresses the concomitant internationalization path of emerging market multinationals (EMNEs) in both advanced and emerging countries. This strategy requires that ambidextrous EMNEs simultaneously explore new capabilities and exploit their home-based capabilities. However, little is known about how this process actually happens. The ambidexterity implementation in emerging multinationals was unbundled by focusing on how three key process variables unfold: operation mode, organizational structure, and resource competition. A single, in-depth, process-based case study in a Brazilian multinational in the information technology sector that has operations in the United States, China, Taiwan, Latin America, Africa and Europe was analyzed. This firm is an outstanding example that adds value to current knowledge about ambidex-terity in practice. By way of extensive data collection of interviews, field notes, and more than 120 pieces of secondary data, showed that exploration–exploitation tensions relating to resource competition are considerably reduced by combining different entry modes and insulated organizational structures.
Research Interests:
Purpose – This research analyzes to what extent committing resources to the internationalization of family business groups is related to the institutional distance of the host country. Design/methodology/approach – We used OLS panel data... more
Purpose – This research analyzes to what extent committing resources
to the internationalization of family business groups is related to the
institutional distance of the host country.
Design/methodology/approach – We used OLS panel data with
fixed effects.
Findings – We identified that family business groups decide to
internationalize themselves committing fewer resources to countries
that present a positive institutional distance, and that are more
institutionally developed than the country of origin. On the other hand,
when family business groups choose to expand abroad committing more
resources, they tend to invest in countries with a negative institutional
distance, and that are less institutionally developed than the country
of origin.
Originality/value – Our main contribution to existing theory on
internationalization of family business groups is to test the relationship
between the level of resource commitment by family business groups
in their international expansion and the institutional distance between
the country of origin and the host country.
Keywords – Family business groups; internationalization; resource
commitment; institutional distance.
to the internationalization of family business groups is related to the
institutional distance of the host country.
Design/methodology/approach – We used OLS panel data with
fixed effects.
Findings – We identified that family business groups decide to
internationalize themselves committing fewer resources to countries
that present a positive institutional distance, and that are more
institutionally developed than the country of origin. On the other hand,
when family business groups choose to expand abroad committing more
resources, they tend to invest in countries with a negative institutional
distance, and that are less institutionally developed than the country
of origin.
Originality/value – Our main contribution to existing theory on
internationalization of family business groups is to test the relationship
between the level of resource commitment by family business groups
in their international expansion and the institutional distance between
the country of origin and the host country.
Keywords – Family business groups; internationalization; resource
commitment; institutional distance.