Analysis of Knowledge Acquisition and Innovation Performance by MNC Subsidiaries in China from the Perspective of Social Capital

China is one of the fastest growing economies in the world in recent years. One of the main factors in China's economic development is the large number of foreign enterprises established by multinational corporations (MNCs). The efficient knowledge transfer and exploitation is a critical factor for the survival and performance improvement for the overseas subsidiaries. This paper, based on the relevant literature on knowledge transfer in the context of MNCs and social capital, analyzes the impact of the three dimensions of social capital on knowledge acquisition and innovative performance under the background of Chinese culture, proposes a conceptual framework and some hypotheses for further empirical study as well as some advice for future research.