Private-Equity-Gesellschaften gehören heute zu den sehr erfolgreichen, aber auch kritisierten Teilnehmern der europäischen Wirtschaft. Christian Landau geht der Frage nach, ob sie zur substanziellen Wertschöpfung in ihren Portfoliounternehmen beitragen können. Aus ressourcenbasierter...

We investigate whether active involvement of private equity firms in their portfolio companies during the holding period of a later-stage private equity investment is related to increased levels in operating performance of these companies. Our analysis of unique survey data on 267 European...

Purpose – The purpose of this paper is to provide a conceptual tool that would help managers to integrate the findings from strategy frameworks such as the value chain, the five forces or the VRIO framework by jointly analyzing the different levers of competitive advantage....

Managers sometimes sacrifice profits only to improve their relative competitive standing, a behaviour that is known as “competitive irrationality.” Previous research has generated a wealth of insight into the general foundations of this often dysfunctional type of managerial decision-making....