On the boundaries between value creation and appropriation in strategic alliances: a review and research agenda

How firms create and appropriate value by means of alliances is a key question that has been explored by many scholars from strategic management field. However, the distinction between these two phenomena is still unclear. This article offers a review of the extant value creation and appropriation literature in strategic alliances and organizes it under various facets: i.e., (a) theoretical lenses, (b) measures, and (c) levels of analysis. The article also highlights existing gaps in the present understanding of value creation and appropriation and outlines a research agenda by identifying key research questions and issues in the areas where further research is needed