... that shape firms’ ownership strategy in an effort to cope with the types of institutional inefficiencies encountered. We conclude that, faced with an unfamiliar institutional environment, foreign firms enter into partnerships with local firms to gain access to local knowledge and acquire local legitimacy...

...César-Augusto Bernal; Norbey Amaya; Alicia Gaviria-Peñaranda; Anne Marie Zwerg-Villegas Purpose The aim of this study is to analyze the importance of knowledge in reaching organizational objectives (long-term organizational goals) and in constructing competitive advantage (value-added...