§16§This edited collection brings into focus the meanings, interpretations and the process of value creation in international business. Exploring value creation in the context of emerging and developed economies, Volume 1 takes the perspective of multinational firms and examines various modes of foreign market servicing varying from exporting to joint venture, mergers and acquisition and strategic alliances. Providing theoretical and practical insights, the authors open an intellectual debate into what value is, and how it is created through the internationalization activities of firms. Value Creation in International Business is a pioneering two volume work intended to provoke theoretical and empirical development in International Business research. Moreover, it is intended as a bridge between concepts derived from general business firm-level research agendas such as value creation and business model, and internationalization approaches and activities of firms.§ §04§Chapter 1 Meanings and Interpretations of Value and Value Creation (Svetla Marinova, Jorma Larimo and Niina Nummela).- Chapter 2 Value Creation in International Joint Ventures: Impact of Inter-Partner Factors and Location (Tahir Ali, Jorma Larimo and Huu Le Nguyen).- Chapter 3 Joint Venture Longevity in Southern and Eastern Mediterranean Countries (Dora Triki, Emna Moalla and Ulrike Mayrhofer).- Chapter 4 Role, Motivation and Performance of International Joint Ventures in Slovakia (Sonia Ferencikova and Tatiana Hluskova).- Chapter 5 Cross-border M〓on and Ulrike Mayrhofer).- Chapter 7 Africa - An Emerging Context for Value Creation with Cross-Border Mergers and Acquisitions (William Degbey §04§ §02§Svetla Marinova is Associate Professor of International Business at Aalborg University, Denmark. Her research interests include company internationalization and the role of institutions, strategy of multinational firms from emerging economies and the management of firms undergoing intensive internationalization processes. She has published more than seventy papers in scholarly journals and edited seven academic books.Jorma Larimo is Professor of International Marketing at the Faculty of Business Studies, University of Vaasa, Finland. His main research areas are internationalization of SMEs, acquisition and international joint venture strategies and performance, and entry and marketing strategies in CEE countries. He is an active member of several academic associations, and his research has been published in several edited books and international journals.Niina Nummela is Professor of International Business at the Turku School of Economics, University of Turku, Finland, and Visitin §02§g Professor at the University of Tartu, Estonia. Her areas of expertise include international entrepreneurship, cross-border acquisitions, and research methods. She has published widely in academic journals and edited academic books.