Search results for "Mainstream Theories"
showing 2 items of 2 documents
Alliance formation as growth opportunity for non-publicly traded companies: a value-added service provided by private equity investors
2016
We analyze the role of Private Equity firms (PE-Firms) as a governance mechanism, focusing on their role as social intermediaries, helping their portfolio companies to form alliances and thereby spurring entrepreneurial growth. Alliances as long term inter-firm cooperations are considered to be a main source of firm-innovation. External growth via alliances is especially important for small to medium sized companies (SME) – largely dominant in Europe (up to 99%)–, because their internal resources are limited. Since a few years, these facts lead governments to undertake actions aimed to create environments that boost inter-firm linkages and entrepreneurial clusters. In European countries, su…
Private Equity Investors as Matchmakers: Alliance Formation between PE-backed firms
2016
International audience; Alliances as long term inter-firm cooperation are seen as an important factor of economic growth. They are particularly important for small to medium sized companies whose internal resources are scarce. This article analyses the role of Private Equity Firms that constitute a major source of financing for non-publicly traded small to medium sized companies, in the formation of alliances for their portfolio companies. While previous studies analyse the question in the light of mainstream theories, we rely on the dual theory of the firm, combining the contractual/mainstream view and the knowledge-based view. Contrary to the current literature, our study does not rely on…