Managing diversified portfolios: what multi-business firms can learn from private equity

Two trends recently dominated the corporate landscape: the success of PrivateEquity as a major force in the market for corporate control and the pressure on diversified companies to refocus. Private Equity firms have experienced unrivaled growth with investments in broadly diversified business portfolios, while multi-business firms have come under pressure from capital markets to divest unrelated activities. Therefore, one can only wonder what traditional multi-business firms can learn from Private Equity. This study investigates Private Equity portfolio diversification, management models, and the opportunities formulti-business firms to apply the Private Equity toolbox. Following a comprehensive analysis of the relationship between diversification and performance, the study profiles Private Equity management models and links each model with performance. The study closes by proposing ways for multi-business firms to apply Private Equity key success factors in a corporate environment. Cutting-edgestudy on Private Equity and their management models Comprehensive analysis ofrelationship between diversification and performance Recommendations for corporate landscape how to success fully apply the Private Equity toolbox INDICE: Introduction.- Research Motivation.- Research Objective.- Structure of Dissertation.- Diversification in Corporations.- Definition of Diversification.- Overview of Academic Research on Corporate Diversification.- Diversification/Performance.- Managing Diversified Portfolios.- Introduction to the Private Equity Industry and the Role of Diversification.- Overview of the PrivateEquity Industry.- Profile of the Leveraged Buyout Segment.- Diversification in Private Equity.- Comparison of Private Equity Firms and Diversified Corporations.- General Research Design.- Starting Position in Academic Literature.- Direction of Research.- Empirical Research Design.- Empirical Part I – Diversification/Performance.- Hypotheses.- Methodology.- Empirical Results.- Discussionof Results.- Empirical Part II – Managing Diversified Portfolios.- Exploratory Framework.- Methodology.- Empirical Results.- Discussion.- Conclusion/Outlook.- Implications for Private Equity Managers.- Implications for Investors/Corporate Managers.

• ISBN: 978-3-7908-2172-7
• Editorial: Physica
• Encuadernacion: Cartoné
• Páginas: 330
• Fecha Publicación: 01/03/2009
• Nº Volúmenes: 1
• Idioma: Inglés