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What does it take to be good parent ? Opening the black-box of value creation in the unrealated multibusiness firm

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  • Olivier, Gottschalg
  • Meier, Degenhard

Abstract

This 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.

Suggested Citation

  • Olivier, Gottschalg & Meier, Degenhard, 2006. "What does it take to be good parent ? Opening the black-box of value creation in the unrealated multibusiness firm," HEC Research Papers Series 822, HEC Paris.
    • Handle: RePEc:ebg:heccah:0822
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    References listed on IDEAS

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    More about this item

    Keywords

    diversification; private equity; management buyout; leveraged buyout; resource-based view; parenting effect; conglomerate;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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