Firms are social communities that specialize in the creation and internal transfer of knowledge. The multinational corporation arises not out of the failure of markets for the buying and selling of knowledge, but out of its superior efficiency as an organizational vehicle by which to transfer...

International acquisitions are today the most important foreign direct investment vehicle, and the ensuing integration processes are notoriously fraught with problems. We situate, discuss, and develop the main results of an early study in the knowledge-based view tradition – the award-winning...