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Oliver GOTTSCHALG

Associate Professor

Strategy and Business Policy

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Biography

Oliver Gottschalg holds a Wirtschaftsingenieur Diploma from the University of Karlsruhe, an MBA from Georgia State University and a M.Sc. and Ph.D. degree from INSEAD.

His current research focuses on the strategic logic and the performance determinants of private equity investments. A second stream of work looks at the implications of employee motivation for firm performance in different settings. In parallel to his faculty position at HEC, he is affiliated with INSEAD as a visiting researcher and the coordinator of the HEC Buyout Research program.

His work has been published in leading academic journals and in various publications for practitioners. He regularly presents his research at academic conferences and private equity symposia and serves as an advisor to leading investors in the private equity industry. At HEC, he teaches a core course on business strategy and offers an elective on Management Buyouts.

Scientific articles

Interest Alignment and Competitive Advantage

Academy of Management Review, April 2007, vol. 32, n° 2, pp 418-437, (in coll. with M. Zollo)

Truth About Private Equity Performance

Harvard Business Review, December 2007, vol. 85, n° 12, pp 17-20, (in coll. with L. Phalippou)

Understanding Value Generation in Buyouts

Journal of Restructuring Finance, 2005, vol. 2, n° 1, pp 9-37, (in coll. with A. Berg)

Working papers

Growth and Learning

Mimeo , 2006

Money Chasing Deals and Deals Chasing Money - The Impact of Supply and Demand on Buyout Performance

Cahier de Recherche du Groupe HEC , 2006

Motivation and the Theory of the Firm

Cahier de Recherche du Groupe HEC , 2006

Nature and Sources of Sustainable Competitive Advantage

Mimeo , 2006

The Performance of Private Equity Funds

Cahier de Recherche du Groupe HEC , 2006

The Performance of Private Equity Funds

Working Paper of the INSEAD-Wharton Alliance , 2006

The Risk-Adjusted Performance of US Buyouts

Cahier de Recherche du Groupe HEC , 2006

Interest Alignment and Competitive Advantage

Cahier de Recherche du Groupe HEC , 2005

Interest Alignment and Firm Performance

Cahier de Recherche du Groupe HEC , 2005

Post-Investment Value Addition in European Buyouts

Mimeo , 2005

Scientific articles

Red and Blue: The Relationship between the Institutional Context and the Performance of Leveraged Buyout Investments

Strategic Management Journal, December 2011, vol. 32, n° 12, pp 1356-1367, (in coll. with A. Pe'er)

The effect of leverage on the cost of capital of US buyouts

Journal of Banking and Finance, August 2011, vol. 35, n° 8, pp 2099-2110, (in coll. with A. Groh)

The Performance of Private Equity Funds

Review of Financial Studies, April 2009, vol. 22, n° 4, pp 1747-1776, (in coll. with L. Phalippou)

Do Politics Shape Buyout Performance?

Harvard Business Review, November 2008, vol. 86, n° 11, pp 26-27, (in coll. with A. Pe'er)

Working papers

Business and Politics: How Political Beliefs Influence Volume and Performance of Leveraged Buyouts

Cahier de Recherche du Groupe HEC , 2008

Measuring Idiosyncratic Risks in Leveraged Buyout Transactions

Cahier de Recherche du Groupe HEC , 2008

Drivers of Venture Capital lnvestment Performance: The Role of Risk, Market Conditions, Strategy and Experience

Mimeo , 2007

Education Mix And Magnitude: Lessons From The Analysis Of Venture Capital Team Characteristics

Mimeo , 2007

Education

  • Ph.D. in Management, INSEAD - France
  • Visiting Doctoral Student, University of Pennsylvania - USA
  • Master of Science in Management, INSEAD - France
  • Diplom-Wirtschaftsingenieur, Universität Karlsruhe - Germany
  • Master of Business Administration, Georgia State University - USA

Academic appointments

Academic responsabilities at HEC

  • 2009- Associate Professor HEC Paris
  • 2005- Member of GREGHEC (CNRS) HEC Paris
  • Academic Director of the ETP Program China, as part of the 10,000 Women Program by Goldman Sachs HEC Paris
  • Academic Director of the TRIUM Global Executive MBA Program HEC Paris
  • Academic Director of the Executive Campus of the HEC EMBA Program, June 2010 HEC Paris

Scientific Activities

Membership in Academic or Professional Organisation

  • Member, Academy of Management

Editorial activities

  • Reviewer for the Academy of Management Conference (BPS Division)
  • Member of the Editorial Board of the book series "Academic Readings in Private Equity" in cooperation with the European Venture Capital Association
  • Reviewer, Academy of International Business
  • Ad-Hoc Reviewer for the Journal of Restructuring Finance, the Strategic Management Journal, Research Policy, the Journal of Management Studies, the Journal of Finance

  • Conference organisation

  • The INSEAD Private Equity Conference, Fontainebleau, France, mai 2004. Co-initiator, co-organizer, presenter at the event which gathered 130 professionals from the private equity industry, 60 speakers and over 150 alumni and MBAs
  • 2011-2011 Co-organizer of the Paris Private Equity Forum (joint initiative HEC-Sciences Po)
  • 2003-2003 Academy of management Conference, Seattle: Initiator and Co-Chair of the Symposium New Strategic Challenges for Management Buyouts and their Financiers: International Perspectives
  • Awards & honors

    • 2010 BNP Paribas Pierre Vernimmen Teaching Award