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- Gemeinschaft in the midst of Gesellschaft? Love as an organizational virtuePublication . Cunha, Miguel Pina e; Clegg, Stewart; Costa, Cláudia; Leite, António Pinto; Rego, Arménio; Simpson, Ace Volkmann; Sousa, Marta Oom de; Sousa, Milton; NOVA School of Business and Economics (NOVA SBE); Taylor & FrancisLove is a powerful human process that has attracted the attention of scholars within the cultural and scientific domains. Thus far, the majority of management scholars have tended to neglect love as a relevant topic of theorizing and research. Given the recent interest in the phenomenon in allied fields such as sociology and psychology, this is surprising. We create, inductively, an archetypical image of how managers make sense of the meaning of love as an organizational phenomenon by means of a sample of Christian managers. The findings indicate that such managers associate love with two core dimensions. First, they describe love as an expression of virtue. Second, they link love with a sense of community-ship. Organizational love can thus be theorized as the exercise of constructing virtuous, other-oriented human communities that transcend the productive functions of work and respond to important human needs, fulfilling normative performativity.
- How power affects peoplePublication . Guinote, Ana; NOVA School of Business and Economics (NOVA SBE); Annual ReviewsSociocognitive research has demonstrated that power affects how people feel, think, and act. In this article, I review literature from social psychology, neuroscience, management, and animal research and propose an integrated framework of power as an intensifier of goal-related approach motivation. A growing literature shows that power energizes thought, speech, and action and orients individuals toward salient goals linked to power roles, predispositions, tasks, and opportunities. Power magnifies self-expression linked to active parts of the self (the active self), enhancing confidence, self-regulation, and prioritization of efforts toward advancing focal goals. The effects of power on cognitive processes, goal preferences, performance, and corruption are discussed, and its potentially detrimental effects on social attention, perspective taking, and objectification of subordinates are examined. Several inconsistencies in the literature are explained by viewing power holders as more flexible and dynamic than is usually assumed.
- When the target may know betterPublication . Cuypers, Ilya R P; Cuypers, Youtha; Martin, Xavier; NOVA School of Business and Economics (NOVA SBE); John Wiley & Sons, Ltd.Research summary: Extending research on the effect of experience on acquisition outcomes, we examine how the differential in previous M&A experience between the target and the acquirer affects the value they, respectively, obtain when the acquirer takes over the target. Drawing on literature about organizational learning, negotiation, and information economics, we theorize that the party with greater experience will be able to obtain more value. Furthermore, we theorize that the effect of differential M&A experience on value obtained is contingent on the level of information asymmetry the acquirer faces with respect to the target, specifically as a function of the target's product-market scope and whether the deal is friendly. We test and find support for these predictions in a sample of 1,241 M&As over a 30-year period. Managerial summary: Corporate strategy is about a firm's scope and development decisions and outcomes, but corporate strategizing is incomplete unless managers anticipate the moves of other economic actors. We demonstrate the importance of these points when it comes to learning to make acquisitions. Using an innovative research design and theory that enables comparison between acquirer and target gains, we show that whatever their firm's acquisition history and capabilities, acquisitive managers should mind the negotiation and other pitfalls that arise when target firms possess ample acquisition experience of their own. We also demonstrate that the effect of experience advantage, whereby the more experienced party benefits, depends on the target firm's scope and whether the deal is friendly-two dimensions that acquirers can and should take into account.
- Mission impossible?Publication . Cunha, Miguel Pina e; Giustiniano, Luca; Rego, Arménio; Clegg, Stewart; NOVA School of Business and Economics (NOVA SBE); SAGE PublicationsStretch goal setting is a process involving multiple and nested paradoxes. The paradoxical side of stretch is attractive because it holds great promise yet dangerous because it triggers processes that are hard to control. Paradoxes are not readily managed by assuming a linear relation between the here and now and the intended future perfect. Before adopting stretch goal setting, managers should thus be prepared for the tensions and contradictions created by nested or interwoven paradoxes. Achieving stretch goals can be as difficult for the managers seeking to direct the process as for designated delegates. While the increasing popularity of stretch goal setting is understandable, its unexpected consequences must be taken into account. The inadequate use of stretch goals can jeopardize the social sustainability of organizations as well as their societal support systems.
- A signaling-based theory of contractual commitment to relationshipsPublication . Vasconcelos, Luís; NOVA School of Business and Economics (NOVA SBE); Elsevier Science B.V., Amsterdam.In this paper I present signaling as an explanation for how and why parties commit to relationships when they initially contract about the terms of those relationships. Two forms of contractual commitment to a relationship are considered: a promise to trade in the future (contracted quantity); and a promise not to trade with anyone else (contracted exclusivity). A party is said to commit more to a relationship if it commits initially to trade a higher quantity and/or to a higher level of exclusivity. I characterize equilibrium contracts and therefore commitment. Both the ability to signal information through an exclusivity commitment and whether the informed party commits more to the relationship when the relationship is more likely to succeed depend on the source of the asymmetry of information.
- Navigating with a compassPublication . Lourenço, Nuno; Quelhas, João; Rua, António; NOVA School of Business and Economics (NOVA SBE); European Central BankWe propose a novel tool to gauge price pressures resorting to circular statistics, the inflation compass. It offers a reliable indication of inflationary pressures in the euro area since its inception. Unlike most alternative measures of underlying inflation, the inflation compass does not exclude any inflation subitems. Moreover, it is not revised, providing real-time signals about the course of underlying inflation. We also provide evidence of the usefulness of the inflation compass to forecast overall inflation, even during periods of increased turbulence, such as the COVID-19 pandemic or the recent inflation surge. Lastly, our approach can handle large-dimensional data straightforwardly.
- Portugal, Balanço Social 2025Publication . Peralta, Susana; Carvalho, Bruno; Fonseca, Miguel Ângelo Carvalho; Fanha, João Ricardo Corredoura; Tavares, Francisco; NOVA School of Business and Economics (NOVA SBE)
- Reviewing tourism and urban development in the United Arab EmiratesPublication . De Man, Adriaan; Bridi, Robert; Guerreiro, Sérgio; NOVA School of Business and Economics (NOVA SBE); Chulalongkorn University, Faculty of Fine and Applied ArtsCities are emerging as tourist hubs and heritage-based leisure is central to economic diversification strategies that improve conditions to residents and visitors. Within this context, urban tourism has gained prominence in the international travel market. Considering the expansion of tourism in the Arabian Gulf States, it is important to reflect on the role it can play in the expansion strategies of cities, building on global practice. This paper explores a particular aspect of this reality, namely the incorporation of heritage elements and their commodification in the urban setting of the United Arab Emirates. It elaborates on recent sources and addresses related issues such as cultural preservation, destination branding, and economic impact. The results consist of an overview of the balance between benefits and drawbacks when using urban heritage features as a tool for tourism development.
- Place branding through sport eventsPublication . Ramos, Ricardo F.; Biscaia, Rui; Kaplanidou, Kiki; Kharouf, Husni; NOVA School of Business and Economics (NOVA SBE); RoutledgeResearch question While the benefits of place branding through sport events (PBtSE) are often highlighted in literature, research to date is disjointed, lacking in theoretical grounding and established connections between place branding and sport events as tourism products. This study provides a comprehensive review of the PBtSE literature and sets a research agenda to advance the field. Research methods Following PRISMA guidelines, this review comprises 540 peer-reviewed articles published between 1984 and 2023 (Scopus and Web of Science). We employed co-word analysis to examine thematic relationships within the PBtSE literature, followed by a review protocol capturing and assessing the application of theories-contexts-characteristics-methods (TCCM). Results and findings Four clusters of thematic relationships were identified, and most PBtSE studies lack clear theoretical lenses. Europe is the most studied region, while the Olympic Games are the most common event. Numerous variables related to the hosts and events have been examined, and most studies rely on questionnaire data. Implications This study provides a roadmap of the state of PBtSE and sets the basis for future developments. By uncovering relationships within PBtSE research, theories, contexts, characteristics and methods, this study identifies strengths and weaknesses in the literature and provides new directions to expand knowledge of PBtSE and guide managerial practices.
- Optimising rare tumour risk syndromes carePublication . PREVENTABLE Consortium; NOVA School of Business and Economics (NOVA SBE); Comprehensive Health Research Centre (CHRC) - Pólo ENSP; Escola Nacional de Saúde Pública (ENSP); NOVA Medical School|Faculdade de Ciências Médicas (NMS|FCM); Springer Nature