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題名 影響海外投資廠商固定資產投資之決定因素
The determinants of fixed asset investment in Taiwan FDI manufacturing firms
作者 王靜芸
Wang, Chin Yun
貢獻者 翁永和
王靜芸
Wang, Chin Yun
關鍵詞 對外投資
固定資產
日期 2011
上傳時間 12-四月-2012 14:16:04 (UTC+8)
摘要 本研究利用經濟部統計處於2007年所作之「製造業對外投資實況調查」,分析我國製造業廠商在廠商規模、組織型態、行業類別、投資動機、對外投資年數、獲利情形、盈餘處理方式及稅率差異等不同因素下,影響其固定資產投資之因素。本研究將被解釋變數設定為「增購固定資產」及「未增購固定資產」二種,採用Probit Model進行實證分析,結果發現「廠商規模」、「產業類別」、「當地市場發展潛力大」、「利用當地價廉充沛勞工」、「對外投資年數」、「子公司獲利情形」及「盈餘處理方式」等皆為影響廠商固定資產投資之決定因素。
參考文獻 中文部份
王文英、張清福(2004),「智慧資本影響績效模式之探討:我國半導體業之實證研究」,《會計評論》,39,89-117。
林惠玲(2002),「對外投資對國內投資的影響-台灣製造業的實證研究」,《金融投資與經濟發展-紀念梁國樹教授第六屆學術研討會論文集》,179-212。
林燈煤(1999),《股權結構、投資與公司價值之關係-以臺灣上市公司為例》,中正大學財務金融研究所碩士論文。
李昭琦(2002),《台灣高科技產業經營績效與大陸投資規模之研究》,成功大學政治經濟研究所碩士論文。
李馨蘋、莊宗憲(2007),「公司治理機制與公司績效之實證研究」,《東吳經濟商學學報》,57,1~27。
姚美慧(2000),《台商對外直接投資進入模式與經營績效之研究-以大陸及東南亞為例》,國立成功大學企業管理學研究所碩士論文
唐筱錚(2006),《海外投資規模與出口績效之影響因素-以台灣TFT-LCD製造商為例》,國立成功大學企業管理學研究所碩士論文
夏侯欣榮(1987),《在台多國籍企業盈餘處理影響因素之實證研究》,台灣大學商學研究所碩士論文。
陳忠榮、楊志海(1999),「台灣對外投資的決定因素-擴張型與防禦型的比較」,《經濟論文叢刊》,27(2),215~240。
楊雅惠、杜英儀與陳保元(1998),「大陸及東南亞台商資金分析」,《台灣銀行季刊》,49(3),63-86。
劉羽芬(2004),《台商在中國大陸再投資之因素探討》,國立清華大學碩士論文。
英文部份
Agrawal, A. and C. R. Knoeber (1996), “Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders,” Journal of Financial and Quantitative Analysis, 3, 377-397.
Belderbos, P. and L. Sleuwaegen (1996), “Japaness Firms and the Decision to Invest Abroad: Bussiness Group and Regional Core Networks,” The Review of Economics and Statistics, 782, 214-220.
Buckley, P. J. and M. C. Casson (1976), “A Long-Run Theory of the Multinational Enterprise,” In P. J. Buckley and M. C. Casson, eds., The Future of Multinational Enterprise. London: Macmillan, 32-65.
Dunning, J. H. (1980), “Toward an Eclectic Theory of International Production: Some Empirical Tests,” Journal of International Business Studies, 11, 9-31.
Grubaugh, S. G. (1987), “Determinant of Direst Foreign Investment,” The Review of Economics and Statistics, 69, 149-152.
Harold, D. and V. Belen (2001), “Ownership structure and corporate performance,” Journal of Corporate Finance, 76, 209-233.
Horst, T. (1972), “Firm and Industry Determinant of the Decision to Invest Abroad: An Empirical Study,” The Review of Economics and Statistics, 54, 258-266.
Hymer, S. (1960), “The International Operation of National Firms: A
Study of Direct Foreign Investment,” Ph. D. Thesis, MIT:Published by MIT Press under same Title in 1976.
Jensen, M. C. (1986), “Agency costs of free cash flow, corporate finance, and takeover,” American Economic Review , 76, 323-329.
Kojima, K. (1978), Direct Foreign Investment: A Japaneses Model of
Multinational Business Operations, London: Crom Helm.
Magnus, B. and K. Ari (2003), “The Economics of Foreign Direct Investment Incentives,” Working Paper 168.
Mann, C. L. (1989), “Determinant of Japanese Direct Investment in U.S. Manufacturing Industries,” Board of Governors of The Federal Reserve System International Finance Discussion Papers, 365.
Raymond, V. (1996), “International Investment and International Trade in the Product Cycle, ” Quarterly Journal of Economics, 31(May), 190-207.
Ruud, A. M. and E. Sjef (2001), “Taxation and foreign direct investment,” CPB Netherlands Bureau for Economic Policy Analysis.
Swenson, D.L. (2001), “Transaction type and the effect of taxes on the distribution of foreign direct investment in the United States, in J.R. Hines (ed.),” International Taxation and Multinational Activity, University of Chicago Press.
Vernon, R. (1966), “International Investment and International Trade in the
Product Cycle,” Quarterly Journal of Economics, 80, 190-207.
網路部分
KPMG’S Corporate and Indirect Tax Rate Survey 2007。取自http://www.in.kpmg.com/pdf/CorpTaxRateSurvey2007.pdf
描述 碩士
國立政治大學
行政管理碩士學程
98921053
100
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0098921053
資料類型 thesis
dc.contributor.advisor 翁永和zh_TW
dc.contributor.author (作者) 王靜芸zh_TW
dc.contributor.author (作者) Wang, Chin Yunen_US
dc.creator (作者) 王靜芸zh_TW
dc.creator (作者) Wang, Chin Yunen_US
dc.date (日期) 2011en_US
dc.date.accessioned 12-四月-2012 14:16:04 (UTC+8)-
dc.date.available 12-四月-2012 14:16:04 (UTC+8)-
dc.date.issued (上傳時間) 12-四月-2012 14:16:04 (UTC+8)-
dc.identifier (其他 識別碼) G0098921053en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/52669-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 行政管理碩士學程zh_TW
dc.description (描述) 98921053zh_TW
dc.description (描述) 100zh_TW
dc.description.abstract (摘要) 本研究利用經濟部統計處於2007年所作之「製造業對外投資實況調查」,分析我國製造業廠商在廠商規模、組織型態、行業類別、投資動機、對外投資年數、獲利情形、盈餘處理方式及稅率差異等不同因素下,影響其固定資產投資之因素。本研究將被解釋變數設定為「增購固定資產」及「未增購固定資產」二種,採用Probit Model進行實證分析,結果發現「廠商規模」、「產業類別」、「當地市場發展潛力大」、「利用當地價廉充沛勞工」、「對外投資年數」、「子公司獲利情形」及「盈餘處理方式」等皆為影響廠商固定資產投資之決定因素。zh_TW
dc.description.tableofcontents 第一章 緒論…………………………………………………………………1
     第一節 研究動機與目的………………………………………………1
     第二節 研究範圍………………………………………………………3
     第三節 研究架構………………………………………………………3
     第二章 對外投資理論及文獻回顧…………………………………………4
     第一節 對外投資理論…………………………………………………4
     第二節 實證文獻回顧…………………………………………………6
     第三章 我國對外投資實況分析……………………………………………13
     第四章 實證模型設定……………………………………………………18
     第一節 變數說明及預期影響方向……………………………………18
     第二節 實證模型的建立………………………………………………23
     第五章 實證模型結果分析…………………………………………………25
     第一節 實證變數的基本統計量………………………………………25
     第二節 計量變數間相關性分析………………………………………26
     第三節 實證結果分析…………………………………………………26
     第四節 實證模型之邊際效果…………………………………………31
     第六章 結論與建議
     第一節 結論……………………………………………………………36
     第二節 未來研究方向與建議…………………………………………37
     參考文獻……………………………………………………………………38
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0098921053en_US
dc.subject (關鍵詞) 對外投資zh_TW
dc.subject (關鍵詞) 固定資產zh_TW
dc.title (題名) 影響海外投資廠商固定資產投資之決定因素zh_TW
dc.title (題名) The determinants of fixed asset investment in Taiwan FDI manufacturing firmsen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 中文部份zh_TW
dc.relation.reference (參考文獻) 王文英、張清福(2004),「智慧資本影響績效模式之探討:我國半導體業之實證研究」,《會計評論》,39,89-117。zh_TW
dc.relation.reference (參考文獻) 林惠玲(2002),「對外投資對國內投資的影響-台灣製造業的實證研究」,《金融投資與經濟發展-紀念梁國樹教授第六屆學術研討會論文集》,179-212。zh_TW
dc.relation.reference (參考文獻) 林燈煤(1999),《股權結構、投資與公司價值之關係-以臺灣上市公司為例》,中正大學財務金融研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 李昭琦(2002),《台灣高科技產業經營績效與大陸投資規模之研究》,成功大學政治經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 李馨蘋、莊宗憲(2007),「公司治理機制與公司績效之實證研究」,《東吳經濟商學學報》,57,1~27。zh_TW
dc.relation.reference (參考文獻) 姚美慧(2000),《台商對外直接投資進入模式與經營績效之研究-以大陸及東南亞為例》,國立成功大學企業管理學研究所碩士論文zh_TW
dc.relation.reference (參考文獻) 唐筱錚(2006),《海外投資規模與出口績效之影響因素-以台灣TFT-LCD製造商為例》,國立成功大學企業管理學研究所碩士論文zh_TW
dc.relation.reference (參考文獻) 夏侯欣榮(1987),《在台多國籍企業盈餘處理影響因素之實證研究》,台灣大學商學研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 陳忠榮、楊志海(1999),「台灣對外投資的決定因素-擴張型與防禦型的比較」,《經濟論文叢刊》,27(2),215~240。zh_TW
dc.relation.reference (參考文獻) 楊雅惠、杜英儀與陳保元(1998),「大陸及東南亞台商資金分析」,《台灣銀行季刊》,49(3),63-86。zh_TW
dc.relation.reference (參考文獻) 劉羽芬(2004),《台商在中國大陸再投資之因素探討》,國立清華大學碩士論文。zh_TW
dc.relation.reference (參考文獻) 英文部份zh_TW
dc.relation.reference (參考文獻) Agrawal, A. and C. R. Knoeber (1996), “Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders,” Journal of Financial and Quantitative Analysis, 3, 377-397.zh_TW
dc.relation.reference (參考文獻) Belderbos, P. and L. Sleuwaegen (1996), “Japaness Firms and the Decision to Invest Abroad: Bussiness Group and Regional Core Networks,” The Review of Economics and Statistics, 782, 214-220.zh_TW
dc.relation.reference (參考文獻) Buckley, P. J. and M. C. Casson (1976), “A Long-Run Theory of the Multinational Enterprise,” In P. J. Buckley and M. C. Casson, eds., The Future of Multinational Enterprise. London: Macmillan, 32-65.zh_TW
dc.relation.reference (參考文獻) Dunning, J. H. (1980), “Toward an Eclectic Theory of International Production: Some Empirical Tests,” Journal of International Business Studies, 11, 9-31.zh_TW
dc.relation.reference (參考文獻) Grubaugh, S. G. (1987), “Determinant of Direst Foreign Investment,” The Review of Economics and Statistics, 69, 149-152.zh_TW
dc.relation.reference (參考文獻) Harold, D. and V. Belen (2001), “Ownership structure and corporate performance,” Journal of Corporate Finance, 76, 209-233.zh_TW
dc.relation.reference (參考文獻) Horst, T. (1972), “Firm and Industry Determinant of the Decision to Invest Abroad: An Empirical Study,” The Review of Economics and Statistics, 54, 258-266.zh_TW
dc.relation.reference (參考文獻) Hymer, S. (1960), “The International Operation of National Firms: Azh_TW
dc.relation.reference (參考文獻) Study of Direct Foreign Investment,” Ph. D. Thesis, MIT:Published by MIT Press under same Title in 1976.zh_TW
dc.relation.reference (參考文獻) Jensen, M. C. (1986), “Agency costs of free cash flow, corporate finance, and takeover,” American Economic Review , 76, 323-329.zh_TW
dc.relation.reference (參考文獻) Kojima, K. (1978), Direct Foreign Investment: A Japaneses Model ofzh_TW
dc.relation.reference (參考文獻) Multinational Business Operations, London: Crom Helm.zh_TW
dc.relation.reference (參考文獻) Magnus, B. and K. Ari (2003), “The Economics of Foreign Direct Investment Incentives,” Working Paper 168.zh_TW
dc.relation.reference (參考文獻) Mann, C. L. (1989), “Determinant of Japanese Direct Investment in U.S. Manufacturing Industries,” Board of Governors of The Federal Reserve System International Finance Discussion Papers, 365.zh_TW
dc.relation.reference (參考文獻) Raymond, V. (1996), “International Investment and International Trade in the Product Cycle, ” Quarterly Journal of Economics, 31(May), 190-207.zh_TW
dc.relation.reference (參考文獻) Ruud, A. M. and E. Sjef (2001), “Taxation and foreign direct investment,” CPB Netherlands Bureau for Economic Policy Analysis.zh_TW
dc.relation.reference (參考文獻) Swenson, D.L. (2001), “Transaction type and the effect of taxes on the distribution of foreign direct investment in the United States, in J.R. Hines (ed.),” International Taxation and Multinational Activity, University of Chicago Press.zh_TW
dc.relation.reference (參考文獻) Vernon, R. (1966), “International Investment and International Trade in thezh_TW
dc.relation.reference (參考文獻) Product Cycle,” Quarterly Journal of Economics, 80, 190-207.zh_TW
dc.relation.reference (參考文獻) 網路部分zh_TW
dc.relation.reference (參考文獻) KPMG’S Corporate and Indirect Tax Rate Survey 2007。取自http://www.in.kpmg.com/pdf/CorpTaxRateSurvey2007.pdfzh_TW