How firms respectively create and appropriate value by means of alliances are questions that management scholars have considered for several decades. Scholars have identified various factors underlying how alliances create value and how partner firms appropriate such value, respectively. Fewer studies have dealt with how both issues relate, and fewer yet have examined the interplay between value creation and value appropriation as an alliance develops. The purpose of this paper is to organize the extant literature through a theoretically coherent developmental framework that informs research on value creation and value appropriation as distinct but inter-related phenomena. A systematic review of 234 articles reveals factors associated with value creation, factors driving value appropriation, and, especially, interplay factors that explain potential cycles of value creation and value appropriation within an alliance. We also identify some important themes and theoretical directions for future research. This study thus contributes to alliance research by (1) developing a structured framework that explains not only the respective drivers of value creation and value appropriation, but also how they interplay in alliances; (2) explicating theoretically the specific factors that explain the interplay of value creation and value appropriation in cycles of alliance adaptation; and (3) developing recommendations for the further development of theory, especially for these interplay effects.

中文翻译：

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解释战略联盟中价值创造和价值挪用的相互作用：发展视角

企业如何通过联盟的方式分别创造和利用价值，是管理学者几十年来一直在思考的问题。学者们已经分别确定了联盟如何创造价值以及合作伙伴公司如何利用这种价值的各种因素。很少有研究涉及这两个问题之间的关系，也很少有人研究联盟发展过程中价值创造和价值挪用之间的相互作用。本文的目的是通过一个理论上连贯的发展框架来组织现有文献，该框架为价值创造和价值挪用作为不同但相互关联的现象的研究提供信息。对 234 篇文章的系统回顾揭示了与价值创造相关的因素、推动价值挪用的因素，尤其是解释联盟内价值创造和价值挪用的潜在循环的相互作用因素。我们还确定了未来研究的一些重要主题和理论方向。因此，本研究通过以下方式对联盟研究做出了贡献：（1）开发一个结构化框架，不仅解释价值创造和价值挪用各自的驱动因素，而且解释它们如何在联盟中相互作用； （2）从理论上解释了解释联盟适应周期中价值创造和价值挪用相互作用的具体因素； (3) 为理论的进一步发展提出建议，特别是针对这些相互作用的影响。