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

Gottschalg Olivier () and Degenhard Meier ()

No 822, HEC Research Papers Series from HEC Paris

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.

Keywords: diversification; private equity; management buyout; leveraged buyout; resource-based view; parenting effect; conglomerate (search for similar items in EconPapers)
JEL-codes: G30 M10 M21 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2006-03-30
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:0822

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