Skip to main content
SpringerLink
Log in

Managing Diversified Portfolios

What Multi-Business Firms Can Learn from Private Equity

  • Book
  • © 2009

Overview

Authors:
  1. Daniel O. Klier
    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Cutting-edge study on Private Equity and their management models
  • Comprehensive analysis of relationship between diversification and performance
  • Recommendations for corporate landscape how to success fully apply the Private Equity toolbox

Part of the book series: Contributions to Management Science (MANAGEMENT SC.)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (7 chapters)

  1. Front Matter

    Pages i-xviii
    Download chapter PDF

  2. Introduction

    • Daniel O. Klier
    Pages 1-8

  3. Diversification in Corporations

    • Daniel O. Klier
    Pages 9-52

  4. Introduction to the Private Equity Industry and the Role of Diversification

    • Daniel O. Klier
    Pages 53-95

  5. General Research Design

    • Daniel O. Klier
    Pages 97-110

  6. Empirical Part I: Diversification and Performance

    • Daniel O. Klier
    Pages 111-173

  7. Empirical Part II: Managing Diversified Portfolios

    • Daniel O. Klier
    Pages 175-231

  8. Conclusion and Outlook

    • Daniel O. Klier
    Pages 233-241

  9. Back Matter

    Pages 243-295
    Download chapter PDF
Back to top

Keywords

About this book

There has been a long tradition of research on the relation between diversification and performance of public corporations in the strategy and finance fields. As for private equity portfolios, research on this matter is rather scarce. From a theoretical as well as from a practical perspective, however, it is interesting to know more about the relation between private equity portfolio diversification and performance, how private equity firms manage their portfolios, and what public companies can learn from private equity firms. These are the research questions which are addressed in Daniel Klier’s research. In order to answer these questions, the author uses a two-tier research design. As a first step, he compares the diversification-performance link of public corporations and private equity firms. With respect to the private equity sample and the ope- tionalization of the relevant variables, the study is highly innovative in terms of generating the PE sample from databases like Preqin and Dealogic, constructing a diversification measure from transaction data, and developing comparable perfo- ance measures for private equity firms as well as traditional multi-business firms. As the second step, which is exploratory in nature, the author explores m- agement models of PE firms. The sample of 20 US and Europe-based private equity firms is unique and of high quality, because the author succeeded in getting in-depth interviews with top decision makers of PE firms. The exploratory study extracts three clusters of management models that PE firms are using, and their relation to performance.

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation