In this paper, the concept of 'knowledge transfer' is restricted to the marketing, technological, and managerial knowledge between companies. The overall interaction between developing countries is investigated in terms of the knowledge transfer. We extract the factors of interaction between the companies in terms of the knowledge transfer. When the factors are determined, corresponding most representative question sets are constructed to reveal the existence of determined factors in selected case studies. For each company, at least two different respondents from different departments (R&D, product development, production, supplier support & development) are selected to ensure the reliability of research. The results of the survey are analyzed in terms of distribution, factor and regression analyses. Factor analysis is used to test the construct validity of the data and to identify underlying constructs in the data, as well as to reduce the number of variables with an attempt to retain as much of the information as possible and make the remaining variables meaningful. In the stage of hypothesis testing, regression techniques are mainly employed in order to examine the relationship between independent variables and knowledge transfer separately. Through the proposed research, formalization of the effect of various parameters on success of two sided knowledge transfer for developing country case is achieved.