A fundamental question in corporate strategy is how headquarters in multibusiness firms can create value above and beyond the burden of its own overhead. The leading theories from Chandler and Williamson hold this is possible through resource allocation across businesses. Yet there are...

One of the key mechanisms of firms' strategic renewal is Ramp;D, and a key driver of the intensity of Ramp;D is industry context. A number of theories develop propositions linking industry factors to firm Ramp;D behavior, but these theories lack consensus. To date empirical tests have been...