Kogut, Bruce; Zander, Udo - In: Journal of International Business Studies 24 (1993) 4, pp. 625-645
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 this knowledge across borders. We test the claim that firms specialize …