This study aims at a better understanding of how firms arrange and profit from their technological competencies. In particular, it presents a contribution to the diversification-performance literature by dealing with a still poorly researched aspect of diversification, namely technological...

This article examines firms’ innovation activities in response to U.S. technology-forcing auto emissions standards enacted between 1970 and 1998. Patent applications in automobile emission control technologies were used as a measure of firms’ innovative responses to regulatory pressures. In...