Luis Angel Guerras-Martin
Universidad Rey Juan Carlos, Management, Faculty Member
- Global Management, Strategic Management, Scientometrics, R&D Management, Strategic Alliances, Corporate Social Responsibility, and 17 moreManagement, Business Ethics, Governance, Business Administration, Corporate Governance, Strategy (Business), Business Management, Business & Society, Stakeholders, Business and Society, Corporate Strategy, Management theory, Business Policy, Textbook Strategic Management, Teaching Cases Strategic Management, Master of Business Administration, and Cooperation Strategiesedit
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This study provides new insights into the link between international diversification and firm performance in a sample of large manufacturing firms and SMEs based in Spain for the 1994–2008 period. Specifically, the focus is on how the... more
This study provides new insights into the link between international diversification and firm performance in a sample of large manufacturing firms and SMEs based in Spain for the 1994–2008 period. Specifically, the focus is on how the nature and shape of this relationship may vary over time with firm size. The results show the existence of a horizontal-S curve when the whole sample of firms is considered in the empirical analysis. However, major differences are found between SMEs and large firms, and even within the actual group of SMEs. Strong support is found in large firms for the existence of a horizontal-S curve. Within the group of SMEs, there are small firms with a linear and negative relationship, whereas medium-sized firms record a U-shaped form. These findings suggest that as the international diversification-performance link is size-dependent, future research should explicitly consider firm size in order to better understand the nature of this relationship.
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This study explores both the individual impact of geographical diversification and its effect combined with product diversification on small and medium-sized enterprises’ (SMEs) performance. Unlike most prior studies, this study... more
This study explores both the individual impact of geographical diversification and its effect combined with product diversification on small and medium-sized enterprises’ (SMEs) performance. Unlike most prior studies, this study distinguishes between related and unrelated product diversification. The research setting is a sample of manufacturing SMEs (1994–2014). By using dynamic panel data models, the results provide statistical support for the existence of a horizontal S-shaped relationship between geographical diversification and performance. The findings also indicate that while related product diversification positively enhances the performance of those SMEs engaged in geographical diversification (albeit not indefinitely), unrelated product diversification may significantly impair it, especially for SMEs opting for low and high levels of international diversification. Our study reveals that product and international diversification strategies in the case of SMEs are complement...
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PurposeThe purpose of this study is to gain new insight into the true nature of the relationship between product diversification and performance, as well as to explore the roles the home country environment and time can play on this... more
PurposeThe purpose of this study is to gain new insight into the true nature of the relationship between product diversification and performance, as well as to explore the roles the home country environment and time can play on this relationship.Design/methodology/approachThe study reviews a large part of the research that has addressed the relationship between product diversification and performance over the last four decades.FindingsThis study identifies the main views (models) that can help scholars to adequately understand, both theoretically and empirically, the potential effect of product diversification on performance: the premium diversification model; the discount diversification model; and the U‐inverted model. The study confirms a wide diversity of results. Drawing from the institutional‐based view, it is argued that a significant part of this heterogeneity stems from the effect of two factors that have often been ignored: the home country environment and time period. The...
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This study analyses the effect of the institutional environment and the business cycle on the relationship between Business Portfolio Restructuring (BPR) strategy and corporate performance. A sampl...
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Se analiza el efecto conjunto de las estrategias de diversificación e internacionalización sobre los resultados empresariales teniendo en cuenta el ciclo económico, en las empresas manufactureras españolas entre 1994-2014. En dicho... more
Se analiza el efecto conjunto de las estrategias de diversificación e internacionalización sobre los resultados empresariales teniendo en cuenta el ciclo económico, en las empresas manufactureras españolas entre 1994-2014. En dicho período, la economía española experimentó un elevado crecimiento económico (1994-2008), seguido de una profunda crisis (2009-2014). Nuestro estudio revela que ambas estrategias conducen a mejores resultados en la etapa de crecimiento cuando la internacionalización se combina con niveles moderados de diversificación relacionada. Cuando optan por altos niveles de diversificación no relacionada, la combinación con la estrategia de internacionalización solo lleva a mejores resultados en la etapa de crecimiento.
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"In spite of the importance and extension of portfolio restructuring strategy in diversified companies around the world there is a significant shortage of studies in the Spanish corporative context. This work starts from... more
"In spite of the importance and extension of portfolio restructuring strategy in diversified companies around the world there is a significant shortage of studies in the Spanish corporative context. This work starts from a resource based view approach model of analysis of portfolio restructuring. It tries to provide empirical evidences through an in depth analysis of the Grupo Uralita case, a Spanish company that has developed recently a portfolio restructuring strategy. The exploratory empirical results shown, according to theoretical arguments, that portfolio restructuring corrects overdiversification that generate inefficiencies and value destruction and drives the company to an optimal exploitation of core competences that lead to improve economic results and to increase significantly value creation in the stock market."
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The aim of this paper is to measure the relevance of the institutions in the academic community involved in creating and disseminating knowledge in the field of Management through their position in the collaboration network. This... more
The aim of this paper is to measure the relevance of the institutions in the academic community involved in creating and disseminating knowledge in the field of Management through their position in the collaboration network. This relevance is defined by an original and more comprehensive approach to the analysis of each institution’s importance through degree centrality, as it includes scientific output, while at the same time taking into account the level of collaboration between institutions, as well as the impact of the publications in which each institution is involved. This approach enables us to draw up a ranking of the 103 leading institutions, as well as overcome some of the limitations of prior studies by considering the role each institution plays in the academic community, not only through its scientific output or citations but also through the relationships it forges with other institutions. Our findings confirm the existence of elite groups worldwide that collaborate with other minor institutions, whereas major institutions collaborate less with each other.
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The purpose of this article was to analyse how adjusting organisational design affects the success of cooperation agreements between companies. The information processing model was thus used for theoretical reference. This model was... more
The purpose of this article was to analyse how adjusting organisational design affects the success of cooperation agreements between companies. The information processing model was thus used for theoretical reference. This model was originally proposed by Galbraith for analysing a company's internal organisational design; it has thus been adapted here to the specific characteristics of external design (or cooperation agreements) and related to information processing needs and capacity. Furthermore, different approaches have been developed and used for measuring the adjustment construct. The results obtained from a sample of international R+D agreements revealed that adjustments made to information capacity and needs for carrying out the tasks involved in a specific agreement had a positive influence on success when information needs exceeded capacity. When an approach emphasising efficiency was used, the results showed the opposite relationship between adjustment and success.
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El presente texto trata de servir de soporte básico para la formación universitaria de los alumnos de grado en Administra¬ción y Dirección de Empresas y de otras carreras afines, interesados en las materias relacionadas con la Dirección y... more
El presente texto trata de servir de soporte básico para la formación universitaria de los alumnos de grado en Administra¬ción y Dirección de Empresas y de otras carreras afines, interesados en las materias relacionadas con la Dirección y la Estrategia de la Empresa. El libro está especialmente indicado para cursos cortos, y adaptado a la metodología docente propuesta por el Espacio Europeo de Educación Superior (Acuerdo de Bolonia). También puede ser de gran utilidad, como una primera aproxima¬ción, para aquellos estudiantes que sigan cursos de post-graduado en Universidades, Escuelas de Negocios o entidades similares, así como un punto de referencia obligado para todos los profesionales y hombres de empresa que, desde el mundo de la práctica, asumen una visión eminentemente aplicada de los negocios y tienen la responsabilidad de la consultoría o la dirección de empresas. Desde este triple punto de vista, el libro se convierte en un manual de trabajo introductorio en el que se integran las cuestiones y problemas más relevantes que conforman el cuerpo teórico del modelo directivo conocido como la Dirección Estratégica de la Empresa www.guerrasynavas.com
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Purpose The purpose of this paper is to investigate the effect of a firm's growth strategy (specialization and diversification) and its specific resources, such as intangible assets and previous experience in the choice of growth... more
Purpose The purpose of this paper is to investigate the effect of a firm's growth strategy (specialization and diversification) and its specific resources, such as intangible assets and previous experience in the choice of growth method (organic or external). Design-methodology-approach The paper analyses 859 external growth arrangements and 1,057 cases of organic growth. A binomial logistic regression is used to test the hypotheses. Findings Results show that firms prefer to grow internally when their growth strategy is specialization, but prefer external growth methods – such as mergers, acquisitions and alliances – when their growth strategy is diversification and they have previous experience in these methods. Research limitations-implications This study applies only to the European case and could be extended to Latin American companies for a comparative analysis. Practical implications This paper may help managers to identify important factors and issues to be considered wh...
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ABSTRACT Business portfolio restructuring (BPR) has received considerable attention in the business practice. However, to the best of our knowledge, there are no studies applying extensive qualitative and quantitative methods to address... more
ABSTRACT Business portfolio restructuring (BPR) has received considerable attention in the business practice. However, to the best of our knowledge, there are no studies applying extensive qualitative and quantitative methods to address the research into BPR. The aim of this paper is to fill this gap by presenting the first complete bibliometric review about BPR research. In this study, the extant literature published between 1993 and 2012 and their most cited bibliographic references are analyzed using bibliometric techniques. Three main results are found: first, the intellectual basis for this field involves the subjects of management and finance as its principal contributors with economics as its central support. Second, the theoretical platform for the study of BPR deals mainly with the agency approach, transaction costs, and resource-based view. Third, the financial crisis of 2008 explains an important part of current research priorities and trends of BPR academics.
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This paper is intended to present a descriptive analysis of a representative set of Spanish cooperative agreements in R&D activities between firms and Research Organisations (RO), including universities, public research... more
This paper is intended to present a descriptive analysis of a representative set of Spanish cooperative agreements in R&D activities between firms and Research Organisations (RO), including universities, public research centres and private institutes or associations. For ...
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Son pocos los estudios que aplican métodos cualitativos y cuantitativos extensivos para abordar la investigación sobre Reestructuración de la Cartera de Negocio (RCN). El objetivo de este trabajo es identificar los principales autores,... more
Son pocos los estudios que aplican métodos cualitativos y cuantitativos extensivos para abordar la investigación sobre Reestructuración de la Cartera de Negocio (RCN). El objetivo de este trabajo es identificar los principales autores, revistas y estudios que han informado a la plataforma intelectual subyacente a RCN e identificar los temas que más han impactado. En este estudio, las referencias bibliográficas citadas entre 1959 y 2012, se analizan utilizando diferentes técnicas bibliométricas. Se encuentran tres resultados principales: primero, la base intelectual de este campo involucra una literatura multidisciplinaria y multifacética, aunque las disciplinas de finanzas y administración son los principales contribuyentes a la investigación en RCN. En segundo lugar, los autores, las revistas y los documentos se identifican para seguir el marco principal de la reestructuración de la cartera. Finalmente, los principales precursores de esta área de estudio son la estrategia corporati...
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ABSTRACT The present work tries to analyze the problem of doing good rescarch profile in the main areas of Management (Marketing, Finance and Accounting and Strategic Management and Organization). In order to do this, we have set three... more
ABSTRACT The present work tries to analyze the problem of doing good rescarch profile in the main areas of Management (Marketing, Finance and Accounting and Strategic Management and Organization). In order to do this, we have set three basic objectives: (1) to know the rescarch profile of the university staff in the areas mentioned in Spain; (2) to compare the perspective of doctors and no doctors about the rescarch process; and, (3) to identify the main problems and needs of the researchers, specially methodological problems. The empirical study, of an exploratory and descriptive nature, is based in a postal poll adressed to spanish university teachers. The questionnaire had five sections: professional data, doctoral thesis, basic characteristics of a quality research, methodology of the process and key factors of success of the research El presente artículo analiza la problemática de la realización de trabajos de investigación de calidad en las áreas de conocimiento vinculadaa a la Economía de la Empresa (Comercialización e Investigación de Mercados, Economía Financiera y Contabilidad y Organización de Empresas). Para ello se han planteado tres objetivos básicos: 1) determinar el perfil investigador de los profesores universitarios de las anteriores áreas de conocimiento; 2) comparar la visión que del proceso de investigación tienen los doctores frente a los no doctores; y 3) identificar las necesidades, problemas e inquietudes prioritarias de los investigadores, con especial énfasis de los problemas metodológicos. El estudio empírico, de naturaleza exploratoria y descriptiva, se ha basado en una encuesta postal a profesores universitarios españoles. El cuestionario constaba de cinco partes: datos profesionales, tesis doctorales, características básicas de la investigación de calidad, metodología del proceso y factores de éxito de la investigación
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Taking as a starting point the training of personnel as a necessary investment and whose role is relevant for firm efficiency, the main objective of this paper is to determine the degree of influence of different internal factors of the... more
Taking as a starting point the training of personnel as a necessary investment and whose role is relevant for firm efficiency, the main objective of this paper is to determine the degree of influence of different internal factors of the organization, identified in the existing literature on the subject, on the incidence of training in the Spanish industrial firm. In this way, we intend., using information on 1,526 Spanish industrial firms contained in the Survey on Firm Strategies, to contrast the model presented in order to identify the specific attributes inherent in the majority, or perhaps all, of the firms that provide training A partir de una visión de la formación del personal como una inversión necesaria cuyo papel es relevante en la eficiencia empresarial, el objetivo fundamental de este trabajo es precisar cuál es el grado de influencia que ejercen distintos factores internos a la organización, identificados en la literatura existente sobre el tema, en la incidencia de la ...
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Sumario: La unidad estratégica de negocio constituye un instrumento básico del proceso de dirección estratégica en las empresas multiactividad. Es un concepto que surge como unidad de análisis intermedia entre el nivel global y el nivel... more
Sumario: La unidad estratégica de negocio constituye un instrumento básico del proceso de dirección estratégica en las empresas multiactividad. Es un concepto que surge como unidad de análisis intermedia entre el nivel global y el nivel funcional de la estrategia para facilitar la planificación estratégica de las distintas actividades o negocios de una empresa. El objetivo del presente trabajo es analizar los planteamientos existentes en relación con las implicaciones organizativas de las unidades estratégicas de negocio, así como presentar las tendencias actuales a este respecto, destacando las nuevas necesidades de diseño organizativo a partir de una concepción estratégica de la empresa basada en las competencias y/o habilidades
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Resumen es: La realizacion de fusiones/adquisiciones y de acuerdos de cooperacion dentro del marco europeo ha sido creciente a lo largo del siglo pasado. Sin embargo...
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The purpose of this paper is to analyze the role of trust in cooperative agreements. Trust affects a firm’s agreements in different ways, depending on the nature of the partner (firm or research organization) and according to the stage in... more
The purpose of this paper is to analyze the role of trust in cooperative agreements. Trust affects a firm’s agreements in different ways, depending on the nature of the partner (firm or research organization) and according to the stage in the evolution of the agreement. An in-depth look at different components of trust (initial or ongoing) and at different contexts (at the beginning or during the implementation process) suggests that trust has a different influence on alliance success. Results show the influence of trust on the success achieved in the relationship. However, when considering the nature of the partner, the average levels of trust and success are different, as is the influence of trust on success.
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This paper explores the relationship between one of the major aspects of the internal mechanism of corporate governance, i.e., the board of directors, and the corporate strategy of cooperation. The study was designed to investigate... more
This paper explores the relationship between one of the major aspects of the internal mechanism of corporate governance, i.e., the board of directors, and the corporate strategy of cooperation. The study was designed to investigate whether certain board of director characteristics have an influence on the propensity to cooperate in Spanish listed non-financial firms. Our findings reveal that the propensity to cooperate in Spanish firms is driven more by a tight “management effect” whereby the highest probability of occurrence is related to firms with duality on their boards and a lower proportion of nominee directors representing controlling shareholders. This paper adds evidence to the corporate governance-corporate strategy (alliance propensity) discussion in a continental country such as Spain.
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ABSTRACT La reestructuración de cartera de negocios ha sido ampliamente estudiada en diferentes áreas como finanzas, estrategia y organización. Sin embargo, a nuestro conocimiento no existe un trabajo que identifique su estructura... more
ABSTRACT La reestructuración de cartera de negocios ha sido ampliamente estudiada en diferentes áreas como finanzas, estrategia y organización. Sin embargo, a nuestro conocimiento no existe un trabajo que identifique su estructura intelectual. Este estudio analiza las referencias bibliográficas más citadas en el área de reestructuración de la cartera de negocios durante los años de 1993-2011 publicados en revistas que componen el Web of Science. El objetivo es identificar la literatura más relevante, reconocer contribuciones desarrolladas, identificar consensos en lo investigado y la evolución de la producción científica en RCN. El trabajo se realizó utilizando técnicas bibliométricas para identificar la estructura intelectual del campo en cuestión. A través del análisis de redes sociales se identificaron las revistas, autores y trabajos más influyentes.
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... Tema 9. La planificación y el control estratégico, - La planificación estratégica - Las estrategias funcionales. - El control estratégico. - El diseño del sistema de información. Lecturas obligatorias 8. Título, La Dirección... more
... Tema 9. La planificación y el control estratégico, - La planificación estratégica - Las estrategias funcionales. - El control estratégico. - El diseño del sistema de información. Lecturas obligatorias 8. Título, La Dirección Estratégica de la Empresa. Teoría y Aplicaciones. Autor, José ...
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Manual de Dirección Estratégica para cursos cortos y Másteres
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Nueva edición del manual sobre Dirección Estratégica aparecido por primera vez en 1996. Incluye algunas novedades en la nueva edición tanto de contenido (actualización de contenidos, nuevos casos, aplicaciones y cuentos estratégicos,... more
Nueva edición del manual sobre Dirección Estratégica aparecido por primera vez en 1996. Incluye algunas novedades en la nueva edición tanto de contenido (actualización de contenidos, nuevos casos, aplicaciones y cuentos estratégicos, índice temático, etc.) como en el formato (ahora en color).
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El presente texto trata de servir de soporte básico para la formación universitaria de los alumnos de grado en Administra¬ción y Dirección de Empresas y de otras carreras afines, interesados en las materias relacionadas con la Dirección y... more
El presente texto trata de servir de soporte básico para la formación universitaria de los alumnos de grado en Administra¬ción y Dirección de Empresas y de otras carreras afines, interesados en las materias relacionadas con la Dirección y la Estrategia de la Empresa. El libro está especialmente indicado para cursos cortos, y adaptado a la metodología docente propuesta por el Espacio Europeo de Educación Superior (Acuerdo de Bolonia).
También puede ser de gran utilidad, como una primera aproxima¬ción, para aquellos estudiantes que sigan cursos de post-graduado en Universidades, Escuelas de Negocios o entidades similares, así como un punto de referencia obligado para todos los profesionales y hombres de empresa que, desde el mundo de la práctica, asumen una visión eminentemente aplicada de los negocios y tienen la responsabilidad de la consultoría o la dirección de empresas.
Desde este triple punto de vista, el libro se convierte en un manual de trabajo introductorio en el que se integran las cuestiones y problemas más relevantes que conforman el cuerpo teórico del modelo directivo conocido como la Dirección Estratégica de la Empresa
www.guerrasynavas.com
También puede ser de gran utilidad, como una primera aproxima¬ción, para aquellos estudiantes que sigan cursos de post-graduado en Universidades, Escuelas de Negocios o entidades similares, así como un punto de referencia obligado para todos los profesionales y hombres de empresa que, desde el mundo de la práctica, asumen una visión eminentemente aplicada de los negocios y tienen la responsabilidad de la consultoría o la dirección de empresas.
Desde este triple punto de vista, el libro se convierte en un manual de trabajo introductorio en el que se integran las cuestiones y problemas más relevantes que conforman el cuerpo teórico del modelo directivo conocido como la Dirección Estratégica de la Empresa
www.guerrasynavas.com
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Manual de Dirección Estratégica incluyendo análisis, formulación e implantación de estrategias