Please use this identifier to cite or link to this item: https://ah.lib.nccu.edu.tw/handle/140.119/115474
DC FieldValueLanguage
dc.contributor.advisor李文傑<br>王信實zh_TW
dc.contributor.advisorLee, Wen-Chieh<br>Wang, Shinn-Shyren_US
dc.contributor.author陳郁喬zh_TW
dc.contributor.authorChen, Yu-Chiaoen_US
dc.creator陳郁喬zh_TW
dc.creatorChen, Yu-Chiaoen_US
dc.date2017en_US
dc.date.accessioned2018-01-03T08:22:30Z-
dc.date.available2018-01-03T08:22:30Z-
dc.date.issued2018-01-03T08:22:30Z-
dc.identifierG0104255023en_US
dc.identifier.urihttp://nccur.lib.nccu.edu.tw/handle/140.119/115474-
dc.description碩士zh_TW
dc.description國立政治大學zh_TW
dc.description財政學系zh_TW
dc.description104255023zh_TW
dc.description.abstract隨著經濟全球化的發展,創新創業在國際競爭的地位越來越重要,創新不僅是國家經濟增長的動力,也是企業長期競爭力的關鍵。我國創業投資在電子產業快速發展進程中,扮演緩解新創企業融資障礙的重要角色。近期各項經濟數據均顯示,伴隨國家產業創新政策,電子新創企業在研發投入過程中有嚴重的資源錯置問題。本研究以台灣創投投資電子產業之研發效率為例,研究結果證實電子新創企業於首次公開發行期間具研發效率不足現象,主要原因為企業致力於美化財報,提高資本支出以利當期產出反應高財務績效,而抑制研發投入作為上市(櫃)經營策略。zh_TW
dc.description.abstractInnovation activities have long been accredited by its crucial role to sustain continuous long-term economic growth. Recent studies nonetheless suggested severe problems of input misallocation associated with innovation investment. This research measures input misallocations of venture capital supported business and identified significant underinvestment of new ventures right before their initial public offerings (IPOs). This is because new ventures have the incentives to adjust the reported earnings by cutting the R&D investment that is supposed to cut the current expense but not to affect short-term operational performance in the market. Therefore, new ventures would typically incur underinvestment in innovation activities right before IPOs.en_US
dc.description.tableofcontents第壹章 緒論 1\n第一節 研究背景 1\n第二節 研究動機及研究目的 5\n第三節 研究架構 9\n第貳章 理論基礎與文獻回顧 10\n第一節 創新系統與創業投資理論 10\n第二節 生產力與資源錯置關係 13\n第三節 電子新創企業研發產出以專利衡量 16\n第參章 資料描述及資料來源 17\n第一節 資料說明 17\n第二節 資料搜集 18\n第肆章 研究方法 21\n第一節 專利價值指標模型介紹 21\n第二節 資源配置模型介紹 23\n第三節 實證結果研發效率及資源錯置離散程度 28\n第伍章 IPO效果對企業研發決策的影響 31\n第一節 實證模型設定 31\n第二節 變數定義及樣本選擇 36\n第三節 變數敘述性統計 39\n第四節 實證結果 44\n第陸章 結論與建議 47\n第一節 結論 47\n第二節 未來研究方向 48\n參考文獻 49\n附錄一 專利分類表 55\n附錄二 台灣960家IPO企業名單 61zh_TW
dc.format.extent3019243 bytes-
dc.format.mimetypeapplication/pdf-
dc.source.urihttp://thesis.lib.nccu.edu.tw/record/#G0104255023en_US
dc.subject創新創業zh_TW
dc.subject創業投資zh_TW
dc.subject研發投入zh_TW
dc.subject資源錯置zh_TW
dc.subject公開發行zh_TW
dc.subjectNew Ventureen_US
dc.subjectR&D Investmenten_US
dc.subjectVenture Capitalen_US
dc.subjectResource Misallocationen_US
dc.title創新創業市場與資源錯置:以創投投資電子產業研發效率為例zh_TW
dc.titleResource Misallocation in New Ventures : The Case of Innovation Investment in ICT Industryen_US
dc.typethesisen_US
dc.relation.reference王平、李文傑,(2012),「台灣經濟發展之過去現在與未來」,李誠(主編),《後ECFA時代的台灣經濟發展政策》,遠流出版,頁23-60。\n陳東升,(2003),「積體網路:台灣高科技產業的社會學分析」,台北:群學出版社。\nAcemoglu, D., Robinson, J. A., & Verdier, T. (2012). Can`t We All Be More Like Scandinavians?Asymmetric Growth and Institutions in an Interdependent World. NBER Working Paper, No. 18441. \nAspinwall, M., & Greenwood, J. (2013). Collective Action in The European Union: Interests and The New Politics of Associability. London: Routledge.\nBartelsman, E., Haltiwanger, J., & Scarpetta, S. (2013). Cross-Country Differences in Productivity: The Role of Allocation and Selection. The American Economic Review, 103(1), 305-334. \nBegg, I. (1999). Cities and Competitiveness. Urban Studies, 36(5-6), 795-809. \nBreusch, T. S., & Pagan, A. R. (1980). The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239-253. \nBuera, F. J., Kaboski, J. P., & Shin, Y. (2011). Finance and Development: A Tale of Two Sectors. The American Economic Review, 101(5), 1964-2002. \nChan, L. K., Lakonishok, J., & Sougiannis, T. (2001). The Stock Market Valuation of Research and Development Expenditures. The Journal of Finance, 56(6), 2431-2456. \nGompers, P. A., Mukharlyamov, V., & Xuan, Y. (2016). The Cost of Friendship. Journal of Financial Economics, 119(3), 626-644. \nHall, B. H., Jaffe, A. B., & Trajtenberg, M. (2001). The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools. NBER Working Paper, No. 8498. \nHall, R. E., & Jones, C. I. (1999). Why Do Some Countries Produce So Much More Output per Worker than Others? The quarterly journal of economics, 114(1), 83-116. \nHausman, J. A. (1978). Specification Tests in Econometrics. Econometrica, 46(6), 1251-1271. \nHopenhayn, H., & Rogerson, R. (1993). Job Turnover and Policy Evaluation: A General Equilibrium Analysis. Journal of political economy, 101(5), 915-938. \nHsieh, C. T., & Klenow, P. J. (2009). Misallocation and Manufacturing TFP in China and India. The quarterly journal of economics, 124(4), 1403-1448. \nHsieh, C. T., & Klenow, P. J. (2014). The Life Cycle of Plants in India and Mexico. The quarterly journal of economics, 129(3), 1035-1084. \nHuang, G., & Song, F. M. (2005). The Financial and Operating Performance of China`s Newly Listed H-firms. Pacific-Basin Finance Journal, 13(1), 53-80. \nJain, B. A., & Kini, O. (2008). The Impact of Strategic Investment Choices on Post-Issue Operating Performance and Survival of US IPO Firms. Journal of Business Finance & Accounting, 35(3‐4), 459-490. \nJang, S. L., & Huang, G. G. (2005). Public R&D and Industrial Innovations at the Project Levels: An Exploration of Taiwans Public Research Projects. Contemporary Economic Policy, 23(4), 636-646. \nJohnson, P. (1986). New firms: An Economic Perspective. London: Allen and Unwin. \nLagos, R. (2006). A Model of TFP. The Review of Economic Studies, 73(4), 983-1007. \nLanjouw, J. O., & Schankerman, M. (2004). Patent Quality And Research Productivity: Measuring Innovation With Multiple Indicators. The Economic Journal, 114(495), 441-465. \nLerner, J. (2009). Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It. Princeton University Press.\nLucas , R. (1978). On the Size Distribution of Business Firms. The Bell Journal of Economics, 9(2), 508-523.\nMcConnell, J. J., & Muscarella, C. J. (1985). Corporate Capital Expenditure Decisions and the Market Value of the Firm. Journal of Financial Economics, 14(3), 399-422. \nMegginson, W. L., Nash, R. C., & Randenborgh, M. (1994). The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis. The Journal of Finance, 49(2), 403-452. \nMikkelson, W. H., Partch, M. M., & Shah, K. (1997). Ownership and Operating Performance of Companies that Go Public. Journal of Financial Economics, 44(3), 281-307. \nMundlak, Y. (1978). Pooling of Time Series and Cross Section Data. Econometrica, 46(1), 69-85. \nPrescott, E. C. (1998). Lawrence R. Klein lecture 1997: Needed: A theory of total factor productivity. International economic review, 39(3), 525-551. \nRavenscraft, D., & Scherer, F. M. (1982). The Lag Structure of Returns to Research and Development. Applied economics, 14(6), 603-620. \nRobinson, J. A., & Acemoglu, D. (2012). Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown.\nRomer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of political economy, 94(5), 1002-1037. \nSaxenian, A. (1999). Silicon Valley`s New Immigrant Entrepreneurs. San Francisco: Public Policy Institute of California. \nScherer, F. M. (1965). Firm Size, Market Structure, Opportunity, and the Output of Patented Inventions. The American Economic Review, 55(5), 1097-1125. \nSchumpeter, J. A. (1939). Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process. New York: McGraw-Hill.zh_TW
item.cerifentitytypePublications-
item.grantfulltextopen-
item.openairetypethesis-
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_46ec-
Appears in Collections:學位論文
Files in This Item:
File Description SizeFormat
502301.pdf2.95 MBAdobe PDF2View/Open
Show simple item record

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.