Publication:
Operational value creation in private equity: art or science?

Simple item page
dc.contributor.advisorMoschieri, Caterina
dc.contributor.authorDesmcht, Annick
dc.contributor.rorhttps://ror.org/02jjdwm98
dc.date.accessioned2024-07-02T16:10:14Z
dc.date.available2024-07-02T16:10:14Z
dc.date.defense2020-06-17
dc.date.issued2019-03-18
dc.description.abstractWe examine how executive teams of Private Equity portfolio companies deliver superior returns through their strategic and daily operational decisions and actions. We run a comparative multiple case study of four companies, each of which went through a successful Private Equity (PE) investment cycle, and interview key members of the executive team and board as well as cross-industry experts. Using a qualitative, inductive process methodology, we match patterns between cases to tease out similarities and variance across cases and to develop a typology of actions maximizing the enterprise value at exit of the investment. We structure those actions in four distinct dimensions, which mirror the key stages of an investment, to develop a model for Private Equity operational value creation. Finally, we use dynamic capabilities and agency theories as an interpretive lens to analyze value creation in the specific context of Private Equity portfolio companies.
dc.description.keywordAgency theory;Dynamic capabilities;Leveraged buyouts;Operational value creation;Private Equity;Teoría de la agencia;Capacidades dinámicas;Adquisiciones apalancadas;Creación de valor operativo;Capital privado
dc.description.responsabilityGarcía Canal, Esteban (PRESIDENTE); Santaló Mediavilla, Juan (SECRETARIO); Pasquini, Martina (VOCAL); Pepper, Alexander (VOCAL); Colley, John (VOCAL)
dc.formatapplication/pdf
dc.identifier.citationDesmcht, A. E. M. (2020). Operational value creation in private equity: art or science? (Doctoral dissertation, Universidad Internacional SEK).
dc.identifier.doihttps://doi.org/10.5281/zenodo.4616764
dc.identifier.urihttps://hdl.handle.net/20.500.14417/2815
dc.language.isoeng
dc.licensehttps://creativecommons.org/licenses/by/4.0/legalcode
dc.publication.placeSegovia
dc.publisherIE University
dc.relation.entityIE University
dc.relation.phdPhD program
dc.relation.schoolIE Business School
dc.rightsAttribution 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/legalcode
dc.subject.keywordAgency theory
dc.subject.keywordDynamic capabilities
dc.subject.keywordLeveraged buyouts
dc.subject.keywordOperational value creation
dc.subject.keywordPrivate Equity
dc.subject.keywordTeoría de la agencia
dc.subject.keywordCapacidades dinámicas
dc.subject.keywordAdquisiciones apalancadas
dc.subject.keywordCreación de valor operativo
dc.subject.keywordCapital privado
dc.titleOperational value creation in private equity: art or science?
dc.title.alternativeCreación de valor operativo en private equity: ¿arte o ciencia?
dc.typeinfo:eu-repo/semantics/doctoralThesis
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
4616764.pdf
Size:
1.43 MB
Format:
Adobe Portable Document Format
Download
Collections
Doctoral theses