dc.contributor.advisor | 林宛瑩 | zh_TW |
dc.contributor.author (Authors) | 翁鳳吟 | zh_TW |
dc.creator (作者) | 翁鳳吟 | zh_TW |
dc.date (日期) | 2004 | en_US |
dc.date.accessioned | 11-Sep-2009 17:36:08 (UTC+8) | - |
dc.date.available | 11-Sep-2009 17:36:08 (UTC+8) | - |
dc.date.issued (上傳時間) | 11-Sep-2009 17:36:08 (UTC+8) | - |
dc.identifier (Other Identifiers) | G0923530061 | en_US |
dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/30287 | - |
dc.description (描述) | 碩士 | zh_TW |
dc.description (描述) | 國立政治大學 | zh_TW |
dc.description (描述) | 會計研究所 | zh_TW |
dc.description (描述) | 92353006 | zh_TW |
dc.description (描述) | 93 | zh_TW |
dc.description.abstract (摘要) | 本研究以1997至2003年部分產業之台灣上市公司為研究對象,從廠商競爭優勢、公司治理制度及其他公司特性探討影響企業赴大陸投資決策之決定性因素,並分析台灣母公司投資後,兩岸三地母子公司貿易型態、價值鏈、公司內部治理特性與大陸子公司之財務績效之關聯性。 台灣企業赴大陸投資決定性因素之分析結果顯示,廠商之研發密度愈低、廣告投入密度愈高、外銷比率愈高、市場佔有率愈高、成本結構愈高、董事會規模愈小、獨立董事席次比重愈高、廠商成長機會愈低、屬集團企業之一員及為資訊電子產業之公司,赴大陸投資之意願較高。影響大陸投資績效之實證結果顯示,兩岸三地母子公司貿易型態決定是否在母公司帳上顯現大陸投資績效。研究期間赴大陸投資之非資訊電子業將資源投入研發設計活動者,其母公司研發密集度有助於提升企業之大陸投資績效。此外,董事會成員持股比率較高之公司,大陸投資績效較佳。當公司擁有愈多的可支配現金流量,席次控制權偏離盈餘分配權程度愈大、控股結構之複雜度(金字塔結構或交叉持股)愈高,則大陸投資績效愈差。 | zh_TW |
dc.description.abstract (摘要) | Based on a sample of firms listed on Taiwan Securities Exchange over the period of 1997 to 2003, this thesis investigates the determinants of investing decision in China. The thesis further examines the factors that influence the financial performance of investment activities in China. The empirical results show that companies with lower R&D intensity, higher advertisement intensity, higher export ratio, higher market share, higher proportion of raw materials and labor in cost structure, smaller board size, higher independent director ratio, and lower growth opportunity are more likely to invest in China. The empirical findings also indicate that how offshore trading transactions are arranged determines the appearance of investing profits on the book of Taiwanese companies. Non-electron firms with more focus on R&D activities in Taiwan tend to have better financial performance if invest R&D activities in China. In addition, higher the share holdings of the board members, better the performance of the investment. Companies with lower free cash flow, pyramid and cross-holdings structures, higher deviation in control rights from cash flow rights, tend to have worse investment performance. | en_US |
dc.description.tableofcontents | 目錄 I 圖目錄 II 表目錄 II 第一章 緒論 1 第一節 研究動機 1 第二節 研究問題 6 第二章 文獻探討 8 第一節 廠商特性與海外投資 8 第二節 台商赴大陸投資現況 8 第三節 公司治理與策略形成及經營績效 8 第三章 研究方法 8 第一節 研究假說 8 第二節 實證模型與變數衡量 8 第三節 樣本選取與資料來源 8 第四節 分析方法 8 第四章 實證結果分析 8 第一節 樣本描述 8 第二節 台商投資大陸決策之關聯性實證結果 8 第三節 台商大陸投資績效之關聯性實證結果 8 第五章 結論與建議 8 第一節 研究結論 8 第二節 研究限制 8 第三節 研究建議 8 參考文獻 8 附錄1:台商1991-2003年對大陸投資情形 8 附錄2:經濟部1994-2003年核准對外投資情形 8 圖目錄 圖1-1 研究問題之架構圖…………………………………………………….. 7 圖2-1 移轉計價獲利方式…………………………………………………… 8 圖2-2 資訊硬體業之跨國生產網絡………………………………………… 8 圖2-3 策略影響經營績效過程示意圖……………..……………………….. 8 表目錄 表2- 1折衷理論與國際性營運活動 8 表2- 2國內外學者對於廠商特性之研究分類 8 表2- 3產業分工型態 8 表2- 4各國公司治理規則對董事會經營策略上之責任之規範 8 表3- 1兩岸貿易型態 8 表3- 2價值鏈變數彙總表 8 表3- 3變數名稱說明彙總表 8 表4- 1樣本公司之產業分布與赴大陸投資企業之產業分配情況 8 表4- 2兩岸往來貿易型態統計 8 表4- 3台商赴大陸投資之主要價值活動 8 表4- 4台商赴大陸投資決策因素實證模式各變數敘述統計量 8 表4- 5台商赴大陸投資決策因素實證模式各變數之相關係數表 8 表4- 6台商赴大陸投資決策因素實證模式各變數差異性檢定。 8 表4- 7台商投資大陸決策之關聯性實證結果 8 表4- 8台商大陸投資績效因素實證模式各變數敘述統計量 8 表4- 9台商大陸投資績效因素實證模式各變數之相關係數表 8 表4- 10台商大陸投資績效之關聯性實證結果 8 | zh_TW |
dc.language.iso | en_US | - |
dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0923530061 | en_US |
dc.subject (關鍵詞) | 大陸投資 | zh_TW |
dc.subject (關鍵詞) | 廠商資源 | zh_TW |
dc.subject (關鍵詞) | 廠商特性 | zh_TW |
dc.subject (關鍵詞) | 公司治理 | zh_TW |
dc.subject (關鍵詞) | 價值鍊活動 | zh_TW |
dc.subject (關鍵詞) | 貿易型態 | zh_TW |
dc.title (題名) | 廠商特性和資源配置型態與大陸投資決策及投資績效之關聯性研究 | zh_TW |
dc.type (資料類型) | thesis | en |
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