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This article extends the research on knowledge transfer by emerging‐economy multinationals (EEMs) by exploring the determinants of successful reverse knowledge transfer (RKT) in Chinese enterprises operating in the United States. Building upon organizational evolution and learning literature, we propose a model linking strategic asset‐seeking motivations, headquarters (HQ) control, and subsidiary age to RKT. The model is empirically tested in the context of Chinese enterprises in the United States and further justified by four cases of Chinese multinationals. Our exploratory study provides initial evidence that strategic asset‐seeking motivations and HQ control are significantly and positively related to RKT. Furthermore, our empirical evidence indicates a negative relationship between subsidiary age and RKT. We discuss the implications for theory development and practice for managing and organizing EEMs and their subsidiaries and suggest avenues for future research on this emerging phenomenon. © 2016 Wiley Periodicals, Inc.

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Executive SummaryThis article assesses the extent to which non-financial measures of Internet usage are incrementally value-relevant over and above basic financial information across four Internet industry sectors. Using ordinary least squares (OLS) regression analysis we test the extent to which net income, book value, unique users, page views, and hours per user are able to explain stock prices for a sample of 341 firm quarters for the period Q1: 1999-Q1: 2000. Our results indicate that net income has no ability to explain market values for the pooled sample or for any of the Internet sectors examined. With respect to the non-financial variables, we find that for e-tailers and content/community firms, page views have the greatest explanatory power. For service companies, unique users have the greatest ability to explain market values, and for infrastructure companies, none of our non-financial variables are significant.