“…Combination with local ownership can help foreign firms get adapted to the local market, access local resources and funding (Ryu, McCann, & Reuer, 2018;Toh & Jia, 2021;Zhang et al, 2007). Local partners can further receive advanced knowledge through IJVs and upgrade their technology becoming capable cooperators of foreign firms (He, Gan, & Xiao, 2021;Kabiraj & Sengupta, 2018). However, some scholars contend that through such frequent interactions with local partners, foreign firms may leak the core knowledge within their intangible assets (Inkpen, Minbaeva, & Tsang, 2019;Sun, Hong, Ma, & Wang, 2017).…”