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Value Creation by Private Equity Firms : = A Resource-Based View.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Value Creation by Private Equity Firms :/
其他題名:	A Resource-Based View.
作者:	Pang, Kei Y.
面頁冊數:	1 online resource (116 pages)
附註:	Source: Dissertations Abstracts International, Volume: 82-12, Section: A.
Contained By:	Dissertations Abstracts International82-12A.
標題:	Business administration. -
電子資源:	click for full text (PQDT)
ISBN:	9798515226923

Value Creation by Private Equity Firms : = A Resource-Based View.
Pang, Kei Y.

Value Creation by Private Equity Firms :A Resource-Based View. - 1 online resource (116 pages)

Source: Dissertations Abstracts International, Volume: 82-12, Section: A.

Thesis (D.B.A.)--University of Missouri - Saint Louis, 2021.

Includes bibliographical references

Despite the growing importance of the private equity (PE) industry in the United States, it is unclear how PE firms create value. This study contributes to the PE literature and strategic management research by examining PE firm resources and competencies that drive the success of equity-backed management buyout deals. Specifically, my work proposes a framework to describe the key value creation drivers and sub-drivers that position PE firms for success in all four stages of the PE value chain: Fund Raising, Deal Sourcing, Governing/Managing, and Exiting. I utilize Porter's (1985) value chain analysis (VCA) and the resource-based view (RBV) to assess how PE firms create value. Notably, my work suggests that PE firms develop novel resources and capabilities that drive value creation. More specifically, strong brand reputation, networking competencies, and in-house talent management expertise and operational improvement competencies drive value creation in both small and large PE firms. Large PE firms catalyze real transformation in the post-deal phase by creating time-sensitive, comprehensive plans with detailed milestone reviews while smaller PE firms with experience in a particular industry focus more on proactively generating proprietary deals utilizing their executive networks. Interestingly, I found that small PE firms tend to favor a specific type of internal structure, namely, employing global extended deal and operational teams, which can significantly improve decision-making during the deal phase.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798515226923Subjects--Topical Terms:

1148568
Business administration.
Subjects--Index Terms:

Private equityIndex Terms--Genre/Form:

554714
Electronic books.

Value Creation by Private Equity Firms : = A Resource-Based View.
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