The effect of alliance experience and intellectual capital on the value creation of international strategic alliances

The effect of alliance experience and intellectual capital on the value creation of international... This paper investigates the effects of intellectual capital (IC), alliance experience and their interaction on the value creation of international strategic alliances (ISAs). Based on a sample of ISAs formed by US firms, we find that firms with a higher level of IC receive greater announcement-period wealth gains. In addition, the empirical results suggest experience positively enhances the wealth effect of ISAs. Finally, we find a significant positive interaction effect between experience and IC on the wealth creation of ISAs. The results demonstrate the importance of considering the joint effects of IC and experience in assessing the value creation of ISAs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Omega Elsevier

The effect of alliance experience and intellectual capital on the value creation of international strategic alliances

Omega, Volume 36 (2) – Apr 1, 2008

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Publisher
Elsevier
Copyright
Copyright © 2006 Elsevier Ltd
ISSN
0305-0483
eISSN
1873-5274
DOI
10.1016/j.omega.2006.06.010
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the effects of intellectual capital (IC), alliance experience and their interaction on the value creation of international strategic alliances (ISAs). Based on a sample of ISAs formed by US firms, we find that firms with a higher level of IC receive greater announcement-period wealth gains. In addition, the empirical results suggest experience positively enhances the wealth effect of ISAs. Finally, we find a significant positive interaction effect between experience and IC on the wealth creation of ISAs. The results demonstrate the importance of considering the joint effects of IC and experience in assessing the value creation of ISAs.

Journal

OmegaElsevier

Published: Apr 1, 2008

References

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