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題名 災難經驗與女性賦權對疫情後創新的影響
The Impact of Disaster Experience and Women Empowerment on Post-Covid Innovation
作者 許鏸尹
Xu, Hui-Yin
貢獻者 陳嬿如
Chen, Yenn-Ru
許鏸尹
Xu, Hui-Yin
關鍵詞 災難經驗
女性賦權
創新
併購
COVID-19
Disaster Experience
Women Empowerment
Innovation
Mergers and Acquisitions
COVID-19
日期 2023
上傳時間 2-Aug-2023 12:57:52 (UTC+8)
摘要 COVID-19造成生活的巨大改變，也增加了全球產業創新與轉型的需求。近期的研究指出，過去的SARS經驗將成為國家面對疫情不確定的助力，使得這些國家能夠有更迅速、更適當的回應。新聞媒體也發現女性賦權在COVID-19期間發揮關鍵作用，女性領導者能夠更有效的控制疫情所帶來的負面影響、並降低疫情的傳播。本研究使用2017至2022年間14個亞洲國家的併購樣本，並蒐集總計879篇文本進行分析，探討SARS經驗及女性賦權對COVID-19後企業創新併購的影響。本研究發現具有重大SARS經驗的國家在COVID-19後有更多以創新為目的之併購交易，此結果在控制了國家及產業的固定效果後依然穩健。此外，若女性賦權較高，則該國企業進行以創新為目的之併購交易量也會提升。整體而言，SARS經驗、女性賦權對COVID-19後企業的創新併購具有顯著的正向作用。
The emergence of COVID-19 causes consideration alterations to our lives and boosts up the need for industrial innovation and digital transformation worldwide. Recent studies suggest that the experiences with SARS help countries cope with the unpredictability of the virus, allowing them to react faster and more effectively. On top of that, many news also address that women`s empowerment is critical during this pandemic. Female leaders possess a greater ability to control the negative impact of COVID-19 and restrict its spread.
This study uses merger and acquisition examples from fourteen Asian nations from 2017 to 2022. 879 texts are collected to examine the effects of the SARS experience and female empowerment on corporate innovation M&A during the COVID-19 pandemic. The findings indicate that countries with heavily SARS exposure have more innovation-oriented mergers and acquisitions following the appearance of COVID-19. This result remains strong even after controlling for country and industry factors. Furthermore, if women`s empowerment is greater, the number of mergers and acquisitions for innovative purposes will also increase. Overall, the experience of SARS and the advancement of women have had a considerable positive outcome on post-COVID-19 businesses` creative combinations and purchases.
參考文獻 Ahir, H., Bloom, N., & Furceri, D. (2022). The world uncertainty index (No. w29763). National Bureau of Economic Research.
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Ashraf, B. N., & Shen, Y. (2019). Economic policy uncertainty and banks’ loan pricing. Journal of Financial Stability, 44, 100695.
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The Quarterly Journal of Economics, 131(4), 1593-1636.
Barber, B. M., & Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The Quarterly Journal of Economics, 116(1), 261-292.
Bass, B. M. (1998).Transformational leadership: Industrial, military, and educational impact. Mahwah, NJ: Erlbaum.
Beaman, L., Duflo, E., Pande, R., & Topalova, P. (2012). Female leadership raises aspirations and educational attainment for girls: A policy experiment in India. Science, 335(6068), 582-586.
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Bhattacharya, U., Hsu, P. H., Tian, X., & Xu, Y. (2017). What affects innovation more: policy or policy uncertainty?. Journal of Financial and Quantitative Analysis, 52(5), 1869-1901.
Borghesi, R., Houston, J. F., & Naranjo, A. (2014). Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. Journal of Corporate Finance, 26, 164-181.
Browne, M. J., & Hoyt, R. E. (2000). The demand for flood insurance: empirical evidence. Journal of Risk and Uncertainty, 20(3), 291-306.
Bruce, R., Cavgias, A., Meloni, L., & Remígio, M. (2022). Under pressure: Women’s leadership during the COVID-19 crisis. Journal of Development Economics, 154, 102761.
Cardillo, G., Onali, E., & Torluccio, G. (2021). Does gender diversity on banks` boards matter? Evidence from public bailouts. Journal of Corporate Finance, 71, 101560.
Cefis, E., & Marsili, O. (2015). Crossing the innovation threshold through mergers and acquisitions. Research Policy, 44(3), 698-710.
Chen, I. J., Hsu, P. H., Officer, M. S., & Wang, Y. (2020). The Oscar goes to High tech firms’ acquisitions in response to rivals’ technology breakthroughs. Research Policy, 49(7), 104078.
Chen, J., Leung, W. S., & Evans, K. P. (2018). Female board representation, corporate innovation and firm performance. Journal of Empirical Finance, 48, 236-254.
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Cloodt, M., Hagedoorn, J., & Van Kranenburg, H. (2006). Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries. Research policy, 35(5), 642-654.
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描述 碩士
國立政治大學
財務管理學系
110357012
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0110357012
資料類型 thesis
dc.contributor.advisor 陳嬿如zh_TW
dc.contributor.advisor Chen, Yenn-Ruen_US
dc.contributor.author (Authors) 許鏸尹zh_TW
dc.contributor.author (Authors) Xu, Hui-Yinen_US
dc.creator (作者) 許鏸尹zh_TW
dc.creator (作者) Xu, Hui-Yinen_US
dc.date (日期) 2023en_US
dc.date.accessioned 2-Aug-2023 12:57:52 (UTC+8)-
dc.date.available 2-Aug-2023 12:57:52 (UTC+8)-
dc.date.issued (上傳時間) 2-Aug-2023 12:57:52 (UTC+8)-
dc.identifier (Other Identifiers) G0110357012en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/146279-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 財務管理學系zh_TW
dc.description (描述) 110357012zh_TW
dc.description.abstract (摘要) COVID-19造成生活的巨大改變，也增加了全球產業創新與轉型的需求。近期的研究指出，過去的SARS經驗將成為國家面對疫情不確定的助力，使得這些國家能夠有更迅速、更適當的回應。新聞媒體也發現女性賦權在COVID-19期間發揮關鍵作用，女性領導者能夠更有效的控制疫情所帶來的負面影響、並降低疫情的傳播。本研究使用2017至2022年間14個亞洲國家的併購樣本，並蒐集總計879篇文本進行分析，探討SARS經驗及女性賦權對COVID-19後企業創新併購的影響。本研究發現具有重大SARS經驗的國家在COVID-19後有更多以創新為目的之併購交易，此結果在控制了國家及產業的固定效果後依然穩健。此外，若女性賦權較高，則該國企業進行以創新為目的之併購交易量也會提升。整體而言，SARS經驗、女性賦權對COVID-19後企業的創新併購具有顯著的正向作用。zh_TW
dc.description.abstract (摘要) The emergence of COVID-19 causes consideration alterations to our lives and boosts up the need for industrial innovation and digital transformation worldwide. Recent studies suggest that the experiences with SARS help countries cope with the unpredictability of the virus, allowing them to react faster and more effectively. On top of that, many news also address that women`s empowerment is critical during this pandemic. Female leaders possess a greater ability to control the negative impact of COVID-19 and restrict its spread.
This study uses merger and acquisition examples from fourteen Asian nations from 2017 to 2022. 879 texts are collected to examine the effects of the SARS experience and female empowerment on corporate innovation M&A during the COVID-19 pandemic. The findings indicate that countries with heavily SARS exposure have more innovation-oriented mergers and acquisitions following the appearance of COVID-19. This result remains strong even after controlling for country and industry factors. Furthermore, if women`s empowerment is greater, the number of mergers and acquisitions for innovative purposes will also increase. Overall, the experience of SARS and the advancement of women have had a considerable positive outcome on post-COVID-19 businesses` creative combinations and purchases.		en_US
dc.description.tableofcontents 第一章 緒論 1
第一節 研究動機 1
第二節 研究結果與貢獻 3
第三節 研究架構 4
第二章 文獻回顧 6
第一節 災難經驗 6
第二節 創新 7
第三節 女性賦權 10
第四節 研究假說 13
第三章 研究方法 16
第一節 樣本選取與資料來源 16
第二節 變數定義與說明 17
第三節 實證模型 21
第四章 實證結果與分析 25
第一節 敘述統計 25
第二節 實證結果分析 25
第五章 結論 32
參考文獻 33
附錄 變數定義 38		zh_TW
dc.format.extent 3124309 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0110357012en_US
dc.subject (關鍵詞) 災難經驗zh_TW
dc.subject (關鍵詞) 女性賦權zh_TW
dc.subject (關鍵詞) 創新zh_TW
dc.subject (關鍵詞) 併購zh_TW
dc.subject (關鍵詞) COVID-19zh_TW
dc.subject (關鍵詞) Disaster Experienceen_US
dc.subject (關鍵詞) Women Empowermenten_US
dc.subject (關鍵詞) Innovationen_US
dc.subject (關鍵詞) Mergers and Acquisitionsen_US
dc.subject (關鍵詞) COVID-19en_US
dc.title (題名) 災難經驗與女性賦權對疫情後創新的影響zh_TW
dc.title (題名) The Impact of Disaster Experience and Women Empowerment on Post-Covid Innovationen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) Ahir, H., Bloom, N., & Furceri, D. (2022). The world uncertainty index (No. w29763). National Bureau of Economic Research.
Ahuja, G., & Katila, R. (2001). Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study. Strategic Management Journal, 22(3), 197-220.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance, 23(4), 589-609.
Amihud, Yakov, Baruch Lev, and Nickolaos G. Travlos, 1990, Corporate control and the choice of investment financing: The case of corporate acquisitions, The Journal of Finance, 45, 603–616
Archibugi, D., Filippetti, A., & Frenz, M. (2013). Economic crisis and innovation: is destruction prevailing over accumulation?. Research Policy, 42(2), 303-314.
Ashraf, B. N., & Shen, Y. (2019). Economic policy uncertainty and banks’ loan pricing. Journal of Financial Stability, 44, 100695.
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The Quarterly Journal of Economics, 131(4), 1593-1636.
Barber, B. M., & Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The Quarterly Journal of Economics, 116(1), 261-292.
Bass, B. M. (1998).Transformational leadership: Industrial, military, and educational impact. Mahwah, NJ: Erlbaum.
Beaman, L., Duflo, E., Pande, R., & Topalova, P. (2012). Female leadership raises aspirations and educational attainment for girls: A policy experiment in India. Science, 335(6068), 582-586.
Bernile, G., Bhagwat, V., & Rau, P. R. (2017). What doesn`t kill you will only make you more risk‐loving: Early‐life disasters and CEO behavior. The Journal of Finance, 72(1), 167-206
Bhattacharya, U., Hsu, P. H., Tian, X., & Xu, Y. (2017). What affects innovation more: policy or policy uncertainty?. Journal of Financial and Quantitative Analysis, 52(5), 1869-1901.
Borghesi, R., Houston, J. F., & Naranjo, A. (2014). Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. Journal of Corporate Finance, 26, 164-181.
Browne, M. J., & Hoyt, R. E. (2000). The demand for flood insurance: empirical evidence. Journal of Risk and Uncertainty, 20(3), 291-306.
Bruce, R., Cavgias, A., Meloni, L., & Remígio, M. (2022). Under pressure: Women’s leadership during the COVID-19 crisis. Journal of Development Economics, 154, 102761.
Cardillo, G., Onali, E., & Torluccio, G. (2021). Does gender diversity on banks` boards matter? Evidence from public bailouts. Journal of Corporate Finance, 71, 101560.
Cefis, E., & Marsili, O. (2015). Crossing the innovation threshold through mergers and acquisitions. Research Policy, 44(3), 698-710.
Chen, I. J., Hsu, P. H., Officer, M. S., & Wang, Y. (2020). The Oscar goes to High tech firms’ acquisitions in response to rivals’ technology breakthroughs. Research Policy, 49(7), 104078.
Chen, J., Leung, W. S., & Evans, K. P. (2018). Female board representation, corporate innovation and firm performance. Journal of Empirical Finance, 48, 236-254.
Cloodt, G., & Hagedoorn, J. (2000). Core competences and company performance in the world-wide computer industry. The Journal of High Technology Management Research, 11(1), 75-91.
Cloodt, M., Hagedoorn, J., & Van Kranenburg, H. (2006). Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries. Research policy, 35(5), 642-654.
Clots-Figueras, I. (2011). Women in politics: Evidence from the Indian States. Journal of Public Economics, 95(7-8), 664-690.
Cohen, W. M., & Levinthal, D. A. (1989). Innovation and learning: the two faces of R & D. The Economic Journal, 99(397), 569-596.
Cronqvist, H., & Yu, F. (2017). Shaped by their daughters: Executives, female socialization, and corporate social responsibility. Journal of Financial Economics, 126(3), 543-562.
Desyllas, P., and Hughes, A. (2009). The revealed preferences of high technology acquirers: An analysis of the characteristics of their targets. Cambridge Journal of Economics, 33(6), 1089-1111.
Devece, C., Peris-Ortiz, M., & Rueda-Armengot, C. (2016). Entrepreneurship during economic crisis: Success factors and paths to failure. Journal of Business Research, 69(11), 5366-5370.
Dollar, D., Fisman, R., & Gatti, R. (2001). Are women really the “fairer” sex? Corruption and women in government. Journal of Economic Behavior & Organization, 46(4), 423-429.
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