A resource‐based approach to the multibusiness firm: Empirical analysis of portfolio interrelationships and corporate financial performance

The resource‐based view of the firm has provided important new insights into corporate strategy (Barney, 1991; Peteraf, 1993); however, there has been only limited empirical research linked to the theory (e.g., Farjoun, 1994). Although a great deal of work has been done on Corporate diversification, the measures and data typically have a weak connection to resource‐based theory. Empirical research on resource‐based corporate strategy has been...