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題名 跨境併購過程之正當性研究——開發中國家企業併購已開發國家企業之情境
A legitimacy perspective on cross-board acquisitions: the context of a firm based in a developing country acquiring firms based in developed countries
作者 張磊
Zhang, Lei
貢獻者 于卓民<br>巫立宇
Yu, Chow-Ming<br>Wu, Lei-Yu
張磊
Zhang, Lei
關鍵詞 開發中國家企業併購已開發國家企業
國際併購
正當性
a LDC firm acquiring a DC firm
cross-board M&A
legitimacy
日期 2022
上傳時間 2-Sep-2022 14:40:36 (UTC+8)
摘要 本研究以開發中國家企業併購已開發國家企業為研究情境，深入剖析併購各階段主併方之策略思維與行動方案，並以多國企業的正當性為切入口，探究併購前後二階段中來自外部或內部、macro-/micro-level利害關係人對併購進程之影響，以及主併方之因應行動，由此將正當性觀點從廣泛應用於多國企業進入策略之探索拓展並深入應用於多國企業國際併購策略之研究。本研究通過深入剖析一開發中國家企業併購已開發國家企業的案例，完整呈現主併方在併購前規劃、執行及併購後整合不同階段的決策與行動，並探究併購前後二階段併購行動之內在關聯性。本研究據此發展相關命題，並發現在併購過程中主併方正當性形成及變化的框架結構，且伴隨併購過程的推進，不同利害關係人的主要評價指標從策略面正當性逐步向人員面與文化面正當性的轉變，策略面、文化面、人員面之正當性亦在併購各階段行為中有著具體的體現。
This study illustrated the M&A process under the scenario of a firm from a developing country (LDC) acquiring a firm in a developed country (DC), and deeply analyzed the strategic thinking and action in each stage. From the legitimacy perspective, this paper also explored the impact of both external/internal and macro-/micro-level stakeholders, as well as the corresponding action of the acquirer from LDC during the M&A process. Therefore, this paper unfolded the application of legitimacy perspective in area of cross-board M&As, extending from area of MNEs’ entry strategies. Through in-depth case analysis, this study revealed strategic decisions and action in different stages, including pre-merger planning, implementation and post-merger integration, as well as the internal relevance of the two stages. Based on this, this study developed relevant propositions, and depicted the framework of evolution process of MNEs’ legitimacy. With the advancement of M&A process, concerns of different stakeholders gradually changed from strategic legitimacy to culture and human legitimacy, while all types of legitimacy were embodied in strategic action.
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描述 博士
國立政治大學
企業管理學系
104355510
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0104355510
資料類型 thesis
dc.contributor.advisor 于卓民<br>巫立宇zh_TW
dc.contributor.advisor Yu, Chow-Ming<br>Wu, Lei-Yuen_US
dc.contributor.author (Authors) 張磊zh_TW
dc.contributor.author (Authors) Zhang, Leien_US
dc.creator (作者) 張磊zh_TW
dc.creator (作者) Zhang, Leien_US
dc.date (日期) 2022en_US
dc.date.accessioned 2-Sep-2022 14:40:36 (UTC+8)-
dc.date.available 2-Sep-2022 14:40:36 (UTC+8)-
dc.date.issued (上傳時間) 2-Sep-2022 14:40:36 (UTC+8)-
dc.identifier (Other Identifiers) G0104355510en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/141524-
dc.description (描述) 博士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 企業管理學系zh_TW
dc.description (描述) 104355510zh_TW
dc.description.abstract (摘要) 本研究以開發中國家企業併購已開發國家企業為研究情境，深入剖析併購各階段主併方之策略思維與行動方案，並以多國企業的正當性為切入口，探究併購前後二階段中來自外部或內部、macro-/micro-level利害關係人對併購進程之影響，以及主併方之因應行動，由此將正當性觀點從廣泛應用於多國企業進入策略之探索拓展並深入應用於多國企業國際併購策略之研究。本研究通過深入剖析一開發中國家企業併購已開發國家企業的案例，完整呈現主併方在併購前規劃、執行及併購後整合不同階段的決策與行動，並探究併購前後二階段併購行動之內在關聯性。本研究據此發展相關命題，並發現在併購過程中主併方正當性形成及變化的框架結構，且伴隨併購過程的推進，不同利害關係人的主要評價指標從策略面正當性逐步向人員面與文化面正當性的轉變，策略面、文化面、人員面之正當性亦在併購各階段行為中有著具體的體現。zh_TW
dc.description.abstract (摘要) This study illustrated the M&A process under the scenario of a firm from a developing country (LDC) acquiring a firm in a developed country (DC), and deeply analyzed the strategic thinking and action in each stage. From the legitimacy perspective, this paper also explored the impact of both external/internal and macro-/micro-level stakeholders, as well as the corresponding action of the acquirer from LDC during the M&A process. Therefore, this paper unfolded the application of legitimacy perspective in area of cross-board M&As, extending from area of MNEs’ entry strategies. Through in-depth case analysis, this study revealed strategic decisions and action in different stages, including pre-merger planning, implementation and post-merger integration, as well as the internal relevance of the two stages. Based on this, this study developed relevant propositions, and depicted the framework of evolution process of MNEs’ legitimacy. With the advancement of M&A process, concerns of different stakeholders gradually changed from strategic legitimacy to culture and human legitimacy, while all types of legitimacy were embodied in strategic action.en_US
dc.description.tableofcontents 第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究問題與目的 10
第三節 研究流程與各章內容 11
第二章 文獻探討 12
第一節 併購過程與併購結果 12
第二節 開發中國家企業的跨境併購：非對稱性 18
第三節 開發中國家企業的跨境併購：正當性觀點 20
第四節 研究缺口與研究方向 27
第三章 研究方法與設計 30
第一節 觀念性研究架構 30
第二節 個案研究法 31
第三節 研究對象與個案情境 34
第四節 資料蒐集與分析 36
第四章 研究發現 45
第一節 開發中國家企業併購已開發國家企業之併購前階段 45
第二節 開發中國家企業併購已開發國家企業之併購後階段 57
第五章 討論與命題 68
第一節 併購前階段 75
第二節 併購後階段 80
第三節 國際併購經驗的複製 86
第六章 結論與建議 94
第一節 研究結論與理論意涵 94
第二節 管理意涵 98
第三節 未來研究建議 100
參考文獻 103
附錄 1 主併方在併購過程中建立正當性之主要資料蒐集 114
附錄 2 併購公開及併購後之主要資料蒐集 121		zh_TW
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dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0104355510en_US
dc.subject (關鍵詞) 開發中國家企業併購已開發國家企業zh_TW
dc.subject (關鍵詞) 國際併購zh_TW
dc.subject (關鍵詞) 正當性zh_TW
dc.subject (關鍵詞) a LDC firm acquiring a DC firmen_US
dc.subject (關鍵詞) cross-board M&Aen_US
dc.subject (關鍵詞) legitimacyen_US
dc.title (題名) 跨境併購過程之正當性研究——開發中國家企業併購已開發國家企業之情境zh_TW
dc.title (題名) A legitimacy perspective on cross-board acquisitions: the context of a firm based in a developing country acquiring firms based in developed countriesen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) 參考文獻
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dc.identifier.doi (DOI) 10.6814/NCCU202201236en_US