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來源資料
頁籤選單縮合
題 名 | 廠商特性對臺商海外投資之股權結構的影響=Impact of Taiwanese Firms' Characteristics on the Ownership Structure of Their Foreign Affiliates |
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作 者 | 李文瑞; | 書刊名 | 管理學報 |
卷 期 | 17:2 2000.06[民89.06] |
頁 次 | 頁321-342 |
分類號 | 563.52 |
關鍵詞 | 股權結構; 廠商特性; 交易成本; 談判力量; Ownership structure; Firm characteristics; Transaction cost; Barganining power; |
語 文 | 中文(Chinese) |
中文摘要 | 本研究在控制投資廠商所屬產業(電子與電器製造業)與地主國(泰、馬兩國)的情境下,利用133家赴此兩國投資之台商為實證對象,深入探討廠商特性因素對其海外投資之股權結構的影響。經由ordered Probit 模型進行實證分析,研究結果發現:台商對地主國的熟悉程度、台商的研發密集程度、以及台商的投資動機均對其海外投資之股權結構具有顯著的影響。其中對地主國熟悉程度、研發密集程度、以及生產加工出口的投資動機和台商所持有海外分支機構的股權呈顯著的正向關係,而開拓當地內銷市場的投資動機則傾向促使台商以合資經營或低股權的模式進入當地市場。 |
英文摘要 | By controlling investing firms' industry and host countries, this study explores the impact of Taiwanese firms' characteristics on the ownership structure of their foreign affiliates. Using ordered Probit analysis, 133 firms are empirically analyzed. Findings of this research indicate that Taiwanese firms' familiarity with host countries, R&D intensity, and their export-oriented investment motive have significant and positive influence on their holdings of foreign affiliate's ownership. Local market-oriented investment motive is significantly and negatively correlated with sole proprietorship mode. |
本系統中英文摘要資訊取自各篇刊載內容。