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

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  • Chang, Shao-Chi
  • Chen, Sheng-Syan
  • Lai, Jung-Ho

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.

Suggested Citation

  • Chang, Shao-Chi & Chen, Sheng-Syan & Lai, Jung-Ho, 2008. "The effect of alliance experience and intellectual capital on the value creation of international strategic alliances," Omega, Elsevier, vol. 36(2), pages 298-316, April.
    • Handle: RePEc:eee:jomega:v:36:y:2008:i:2:p:298-316
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    2. Lu, Wen-Min, 2012. "Intellectual capital and university performance in Taiwan," Economic Modelling, Elsevier, vol. 29(4), pages 1081-1089.
    3. Wei-han Liu & Qian Long Kweh, 2022. "Reexamining nonlinear effects of intellectual capital on firm efficiency," Annals of Operations Research, Springer, vol. 315(2), pages 1319-1344, August.
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    5. Gregorio Martín-de-Castro & Miriam Delgado-Verde & Pedro López-Sáez & José Navas-López, 2011. "Towards ‘An Intellectual Capital-Based View of the Firm’: Origins and Nature," Journal of Business Ethics, Springer, vol. 98(4), pages 649-662, February.
    6. Lai, Jung-Ho & Chang, Shao-Chi & Chen, Sheng-Syan, 2010. "Is experience valuable in international strategic alliances?," Journal of International Management, Elsevier, vol. 16(3), pages 247-261, September.

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