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Oliver GOTTSCHALG

Professeur Associé

Stratégie et Politique d'Entreprise

 Profile picture

Biographie

Oliver Gottschalg est titulaire d'un MBA de la Georgia State University et d'un Ph.D. de l'INSEAD (Fontainebleau).

Ses recherches concernent la logique stratégique et les déterminants de la performance des investissements en capital risque (private equity). Par ailleurs, il s'intéresse aux effets de la motivation des employés sur la performance des entreprises.

Ses travaux ont été publiés dans des revues académiques ainsi que dans les publications managériales. Il présente de manière régulière les résultats de ses recherches dans des conférences académiques ainsi que dans des séminaires professionnels organisés par le secteur du capital risque. Il conseille également plusieurs des principaux acteurs de ce secteur. A HEC, il enseigne les cours sur les Private Equity Strategies et sur les LBO (Leveraged Management Buyout).

Articles scientifiques

Does Ownership Matter in Private Equity? The sources of Variance in Buyouts' Performance

Strategic Management Journal, février 2016, vol. 37, n° 2, pp 330-348, (in coll. with F. CASTELLANETA)

Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity

Journal of Financial and Quantitative Analysis, juin 2015, vol. 50, n° 3, pp 377-411, (in coll. with F. LOPEZ DE SILANES, L. PHALIPPOU)

Corporate Governance and Value Creation: Evidence from Private Equity

Review of Financial Studies, février 2013, vol. 26, n° 2, pp 368-402, (in coll. with V. Acharya, M. Hahn, C. Kehoe)

Replicating the Investment Strategy of Buyout Funds Based in the United Kingdom with Public-Market Investments

Journal of Alternative Investments, automne 2013, vol. 16, n° 2, pp 71-79, (in coll. with L. HADASS, E. TALMOR, F. VASVARI)

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

Strategic Management Journal, décembre 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, août 2011, vol. 35, n° 8, pp 2099-2110, (in coll. with A. Groh)

The Performance of Private Equity Funds

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

Do Politics Shape Buyout Performance?

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

La vérité sur les performances dans le capital-investissement

Revue d'Économie Financière, 21 novembre 2008, n° 93, pp 201-211, (in coll. with L. Phalippou)

Measuring Idiosyncratic Risks in Leveraged Buyout Transactions

Quarterly Journal of Finance and Accounting, automne 2008, vol. 47, n° 4, pp 5-24, (in coll. with A. Groh, R. Baule)

Ouvrages

Private Equity Mathematics (O. Gottschalg Ed.)

PEI Media

Chapters edited in books

Private Equity Fund Selection: How to Find True Top-Quartile Performers

Private Equity: Fund Types, Risks And Returns, And Regulation, D. Cumming (Ed.), Wiley, Chichester

Les fonds de private equity : mythes et réalités

L'Art Du Management - Leadership, Performance, Développement Durable, B. Ramanantsoa (Ed.), Pearson Education France, Partie 2 - chap. 6

Les vrais-faux rendements du capital-investissement

L'Art Du Management - Leadership, Performance, Développement Durable, B. Ramanantsoa (Ed.), Pearson Education France, Partie 2 - chap. 7

Performance Messung un Benchmarking von Private Equity Investments

Handbuch Alternative Investments, D. Kaiser (Ed.), Gabler Edition Wissenschaft

Cahiers de recherche

Strategic Objectives as Contingencies for the Performance Impact of Top Management Team Characteristics

Mimeo , 2019

Towards a Motivation-Based Theory of the Firm: Integrating Governance and Competence-Based Approaches

Mimeo , 2019

When Experience Hurts - Experiential learning, perceived task homogeneity and the confidence trap

Working Paper of the INSEAD-Wharton Alliance , 2019

Corporate-effect vs. industry effect: New evidence from Private Equity owned businesses

Mimeo , 2010

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

How Acquireres Contribute to Post-Investment Value Addition in Buyouts: A Resource Dependence Perspective

Cahier de Recherche du Groupe HEC , 2007

The Party should be over: Why Private Equity is much less attractive than it looks

Mimeo , 2007

Articles scientifiques

Does Ownership Matter in Private Equity? The sources of Variance in Buyouts' Performance

Strategic Management Journal, février 2016, vol. 37, n° 2, pp 330-348, (in coll. with F. CASTELLANETA)

Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity

Journal of Financial and Quantitative Analysis, juin 2015, vol. 50, n° 3, pp 377-411, (in coll. with F. LOPEZ DE SILANES, L. PHALIPPOU)

Corporate Governance and Value Creation: Evidence from Private Equity

Review of Financial Studies, février 2013, vol. 26, n° 2, pp 368-402, (in coll. with V. Acharya, M. Hahn, C. Kehoe)

Replicating the Investment Strategy of Buyout Funds Based in the United Kingdom with Public-Market Investments

Journal of Alternative Investments, automne 2013, vol. 16, n° 2, pp 71-79, (in coll. with L. HADASS, E. TALMOR, F. VASVARI)

Ouvrages

Private Equity Mathematics (O. Gottschalg Ed.)

PEI Media

Chapters edited in books

Private Equity Fund Selection: How to Find True Top-Quartile Performers

Private Equity: Fund Types, Risks And Returns, And Regulation, D. Cumming (Ed.), Wiley, Chichester

Les fonds de private equity : mythes et réalités

L'Art Du Management - Leadership, Performance, Développement Durable, B. Ramanantsoa (Ed.), Pearson Education France, Partie 2 - chap. 6

Les vrais-faux rendements du capital-investissement

L'Art Du Management - Leadership, Performance, Développement Durable, B. Ramanantsoa (Ed.), Pearson Education France, Partie 2 - chap. 7

Performance Messung un Benchmarking von Private Equity Investments

Handbuch Alternative Investments, D. Kaiser (Ed.), Gabler Edition Wissenschaft

Cahiers de recherche

Strategic Objectives as Contingencies for the Performance Impact of Top Management Team Characteristics

Mimeo , 2019

Towards a Motivation-Based Theory of the Firm: Integrating Governance and Competence-Based Approaches

Mimeo , 2019

When Experience Hurts - Experiential learning, perceived task homogeneity and the confidence trap

Working Paper of the INSEAD-Wharton Alliance , 2019

Corporate-effect vs. industry effect: New evidence from Private Equity owned businesses

Mimeo , 2010

Formation

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

Nominations académiques

Responsabilités académiques à HEC

  • 2009- Professeur Associé HEC Paris
  • 2005- Membre du 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

Activités scientifiques

Adhésion à l'organisation académique ou professionnelle

  • Membre, Academy of Management

Activités scientifiques

  • Rapporteur, 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
  • Rapporteur, Academy of International Business
  • Ad-Hoc Rapporteur 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
  • Prix ​​& honneurs

    • 2010 BNP Paribas Pierre Vernimmen Teaching Award