The book contributes to the understanding of knowledge governance in the multinational corporation (MNC). It is concerned with the attraction of crucial capital, its efficient allocation, as well as the mechanisms used to achieve capital accumulation and optimal utilization. However, unlike the traditional literature, this book does not concentrate on financial capital, but on knowledge as a particular sort of capital that is seen as increasingly crucial to the existence, boundaries and economic organization of the modern MNC.Intra-firm and inter-firm processes of knowledge creation, sharing and exploitation have attracted increasing managerial and international scholarly interest. However, the relation between particular knowledge processes, determinants of structural choices, governance mechanisms, their relevant costs and benefits and associated strategic advantages remain less well understood. In part, this is due to complications in the conceptualization of process and outcome variables that effectively represent and measure the impediments and enablers of such processes. There is also a lack of empirical knowledge of governance modes (such as markets, hybrids, joint ventures and networks), including coordination mechanisms (such as incentives and trust) in the governance of knowledge capital in the MNC. To address these challenges, this book focuses on the following three questions: * What are the key challenges of governing knowledge in the MNC?* How do contingencies influence relevant trade-offs?* How do sets of governance mechanisms respond to problems of cognition and incentives?