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

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  • Pollitte, Wesley A.
  • Miller, Joseph C.
  • Yaprak, Attila

Abstract

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.

Suggested Citation

  • Pollitte, Wesley A. & Miller, Joseph C. & Yaprak, Attila, 2015. "Returns to US firms from strategic alliances in China: A knowledge-based view," Journal of World Business, Elsevier, vol. 50(1), pages 144-148.
    • Handle: RePEc:eee:worbus:v:50:y:2015:i:1:p:144-148
    DOI: 10.1016/j.jwb.2014.04.002
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