How Do MNC Headquarters Add Value?

This focused issue examines the role of headquarters in modern multinational corporations (MNCs). We examine how headquarters add value, which roles they play and how existing theory needs to be modified in light of recent developments. We argue that headquarters still play an important role in the MNC. Furthermore, we highlight the possibility that the conceptualization of headquarters as a distinct organizational entity may need to be modified. We also suggest that further studies may benefit from focusing on problems of "dual agency" and how subsidiary managers deal with multiple parents.