What does it take to be good parent ? Opening the black-box of value creation in the unrealated multibusiness firm
AbstractThis paper develops and tests new theory about the determinants of value creation in unrelated multibusiness firms from a resource-based perspective. The authors argue that the availability of "headquarter resources", which are at the basis of headquarter services provided to the business units, is the driving force behind unrelated diversification.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 822.
Length: 49 pages
Date of creation: 30 Mar 2006
Date of revision:
diversification; private equity; management buyout; leveraged buyout; resource-based view; parenting effect; conglomerate;
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-01 (All new papers)
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