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Journal of World Business
Philidelphia : Elsevier Inc.
ISSN : 1090-9516
계간

Returns to US firms from strategic alliances in China: A knowledge-based view

2015-01-30

Wesley A. Pollitte | Department of Marketing and Merchandising, College of Business, University of Southern Mississippi |
Joseph C. Miller | E. Philip Saunders College of Business, Rochester Institute of Technology |
Attila Yaprak | Department of Marketing, School of Business Administration, Wayne State University |

Vol.50 No.1 , pp.144 ~ 148

http://www.sciencedirect.com/

초록

Drawing on the knowledge-based view (KBV) of the firm, this study compares value creation between US manufacturing and service firms entering China through strategic alliances. Using an event study applied on a sample of 192 manufacturing and 105 service firms, the results indicate that value creation for manufacturing and service firms differ. For service firms, having a Chinese state-owned-enterprise as a partner, marketing agreement, and/or Chinese partner creates greater value. These findings highlight the significance of knowledge acquisition versus accession in US–Chinese partnerships.

목차

>> 1. Introduction
>> 2. KBV of SAs and hypotheses
>> >> 2.1. SAs and knowledge acquisition/accession
>> >> 2.2. Value creation in US–Chinese alliances
>> >> 2.3. Value of a Chinese partner
>> >> 2.4. Value of a marketing agreement
>> >> 2.5. Value of an SOE partner
>> 3. Method
>> >> 3.1. Sample
>> >> 3.2. Event study methodology
>> 4. Results
>> 5. Discussion
>> 6. Managerial relevance
>> 7. Limitations and future research directions
>> 8. Conclusions

참고문헌

  • Das, S. | Sen, P. K. | Sengupta, S. (1998) , Impact of strategic alliances on firm valuation , Academy of Management Journal , VOL.41 , pp.27 ~ 41