政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/99441
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113325/144300 (79%)
造访人次 : 51175400      在线人数 : 853
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/99441


    题名: 陸資在臺投資進入模式之影響因素
    The Determinants of Entry Mode of Foreign Direct Investment in Taiwan: An Empirical Evidence of Mainland China Enterprises
    贡献者: 翁永和
    Weng, Yung Ho
    蔡彰弘
    Tsai, Chang Hung
    关键词: 陸資
    在臺投資
    進入模式
    股權配置
    摘要: 隨著近年來兩岸政情局勢和緩,經貿交流愈來愈熱絡,自從2010年6月29日簽訂兩岸經濟合作協定(ECFA)後,陸資來臺投資規模開始持續增長。尤其中國大陸紫光集團於2015年12月14日提出針對臺灣以封測為主體的矽品公司之併購案,計畫以新臺幣五百六十八億元取得近25%股權,創陸資收購臺灣上市公司的最高紀錄。這也顯示陸資對臺投資正加速其影響層面,惟我國文獻大多是針對臺灣企業赴大陸投資進行探討,卻少有文獻討論陸資企業在臺投資的進入模式。
    本研究以2013年144家陸資企業為實證對象,分別運用Multinomial Logistic Model與Tobit Model等兩種模型進行兩階段實證分析。由第一階段實證結果發現,「國有企業」、「進入時間」、「技術來源-大陸母公司」、「技術來源-合資企業提供」及「市場風險-政治環境不穩定」等五項解釋變數係陸資在臺投資進入模式的重要影響因素。第二階段實證則發現,「民營企業」、「進入時間」、「市場動機」及「技術來源-合資企業」等四項變數是陸資在臺投資股權配置之重要影響因素。而其中廠商特性之「投資人屬性」、投資特性之「進入時間」與要素特性之「技術來源」等三個構面在兩階段實證研究均具有顯著性,表示這三項變數是陸資在臺投資進入模式與股權配置之關鍵因素。
    參考文獻: 中文部分
    王毓雯與蕭勝鴻(2015),「臺灣拍賣會登場!」,《商業週刊》, 1466,90-95。
    王明懿(2010),「對外直接投資進入模式選擇」,《會計師季刊》,56-65。
    田君美(2015a),「2015年世界投資報告分析(上)」,《經濟部電子報》,第268期。
    田君美(2015b),「2015年世界投資報告分析(下)」,《經濟部電子報》,第269期。
    蕭文與殷寶慶(2010),「中國民營企業投資歐盟的模式選擇」,《中共浙江省委黨校學報》,3(17),93-97。
    李文瑞(2000a),「廠商海外投資股權模式關鍵影響因素之研究-台商赴東南亞投資之實證分析」,《管理評論》,19(3),25-49。
    李文瑞(2000b),「台商赴東南亞投資進入模式決定因素之研究」,《亞太管理評論Asia Pacific Management Review》,5(2):221-236。
    李文瑞、曹為忠與陳旭銘(2001),「臺商赴大陸投資進入模式影響因素之研究-中小企業之實證分析」,《中山管理評論》,9(1),61-86。
    李文瑞、陳淑華與李宗原(2005),「服務業廠商海外市場進入模式之研究-臺商赴大陸投資實証」,《經濟情勢暨評論》,78-96。
    李文瑞、黃啟瑞、胡秀華、陳律睿與謝芬蓉(2009),「CEO特質及廠商特性對海外市場進入時機與進入模式之影響-台商赴中國投資之實證分析」,《中華管理評論》,12(4),1-23。
    李蘭甫(1994),《國際企業論》,二版,臺北,三民書局。
    吳萬益(1994),「台商赴大陸及東南亞投資策略與經營績效之關係研究」,《輔仁管理評論》,創刊號,51–75。
    林武郎與臧程遠(1998),「中國大陸企業在海外投資之分析」,《中國大陸研究》,41(9),35-52。
    林惠玲、陳正倉與詹立宇(2009),「台灣製造業廠商對外投資時機之研究」,《經濟論文叢刊》,37(3),237-267。
    曹為忠、詹雪蘭、李文瑞與陳旭銘等(2002),「進入模式, 產業環境, 以及廠商特性對廠商海外市場經營績效之影響」,《企業管理學報》,54,1-32。
    曹海濤與葉日崧(2008),「中國大陸企業海外直接投資之分析」,《中國大陸研究》,51(1),31-63。
    曹海濤與葉日崧(2009),「中國企業對東南亞國協直接投資之分析」,《臺灣東南亞學刊》,14(1),95-122。
    曹海濤與葉日崧(2014),「中國對非洲的直接投資:不同所有權形式企業之考察」,《全球政治評論》,6(1),109-146。
    許鈺珮與曾馨瑩(2008),「台商在中國大陸外人直接投資進入模式之決定性因素探討」,《貿易調查叢刊》,19(2),61-90。
    溫芳宜與劉孟俊(2012),「中國對外投資與陸資來台」,《經濟前瞻》,140,11–16。
    溫芳宜(2014a),「2014年僑外及陸資投資事業營運狀況調查分析報告」,經濟部投資審議委員會委託中華經濟研究院。
    溫芳宜(2014b),「陸資來台與外資來台投資之政策差異探討」,《經濟前瞻》,154,52-56。
    趙永祥、李在僑與潘啟華(2012),「中國大陸投資進入模式與績效關聯性之研究」,《華人經濟研究》,10(2),43-57。
    劉孟俊與鍾富國(2013),「中國集團企業興起與其影響」,《臺灣國際研究季刊》,9(3),93 -115。
    鄭又平與林彥志(2008),「中國 [專題研究 走出去戰略] 之分析: 跨世紀中國經濟的轉變」,《展望與探索》,6(8),45-62。
    蔡明田與程永明(2003),「臺灣製造業投資美國市場之所有權與銷售控制進入模式之實證研究」,《管理學報》,20(1),143-176。
    譚大純與陳正男(2006),「地主國產業群聚、進入地主國動機對進入模式選擇及經營績效影響之研究:以我國赴歐投資廠商爲對象之實證研究」,《中山管理評論》,14(1),193-227。
    饒明曉(2011),「合理利用組織形式進行納稅籌劃-基於分公司與子公司的比較」,《現代商貿工業》,23(2),152-153。

    英文部分
    Arslan, A. and J. Larimo (2010), “Ownership strategy of multinational enterprises and the impacts of regulative and normative institutional distance: Evidence from Finnish foreign direct investments in Central and Eastern Europe,” Journal of East-West Business, 16(3), 179-200.
    Blodgett, L. L. (1991), “Partner contributions as predictors of equity share in international joint ventures,” Journal of International Business Studies, 22(1), 63-78.
    Brouthers, K. D. (1995), “The influence of international risk on entry mode strategy in the computer software industry,” Management International Review, 35(1), 7-28.
    Brouthers, K. D. (2002), “Institutional, cultural and transaction cost influences on entry mode choice and performance,” Journal of International Business Studies, 33(2), 203-221.
    Brouthers, K. D. and L. E. Brouthers (2003), “Why service and manufacturing entry mode choices differ: the influence of transaction cost factors, risk and trust,” Journal of Management Studies, 40(5), 1179-1204.
    Brouthers, K. D. and J. F. Hennart (2007), “Boundaries of the firm: Insights from international entry mode research,” Journal of Management, 33(3), 395-425.
    Brouthers, K. D., L. E. Brouthers and S. Werner (2008), “Real options, international entry mode choice and performance,” Journal of Management Studies, 45(5), 936-960.
    Brouthers, K. D. (2013), “Institutional, cultural and transaction cost influences on entry mode choice and performance,” Journal of International Business Studies, 44(1), 1-13.
    Buckley, P. J., L. J. Clegg, A. R. Cross, X. Liu, H. Voss and P. Zheng (2007), “The determinants of Chinese outward foreign direct investment,” Journal of International Business Studies, 38(4), 499-518.
    Cerutti, E., G. Dell’Ariccia and M. S. M. Peria, (2007), “How banks go abroad: Branches or subsidiaries?” Journal of Banking and Finance, 31(6), 1669-1692.
    Cho, K. R. and P. Padmanabhan (2005), “Revisiting the role of cultural distance in MNC`s foreign ownership mode choice: The moderating effect of experience attributes,” International Business Review, 14(3), 307-324.
    Chiao, Y. C., F. Y. Lo and C. M. Yu (2010), “Choosing between wholly-owned subsidiaries and joint ventures of MNCs from an emerging market,” International Marketing Review, 27(3), 338-365.
    Claver, E. and D. Quer (2005), “Choice of market entry mode in China: the influence of firmspecific factors,” Journal of General Management, 30(3), 51-70.
    Coase, R. H. (1937), "The nature of the firm," Economica, 4(16), 386-405.
    Contractor, F. J., V. Kumar and S. K. Kundu (2007), “Nature of the relationship between international expansion and performance: The case of emerging market firms,” Journal of World Business, 42(4), 401-417.
    Delios, A. and P. W. Beamish (1999), “Ownership strategy of Japanese firms: Transactional, institutional and experience influences,” Strategic Management Journal, 20(10), 915-933.
    Delios, A., and W. J. Henisz (2003), “Political hazards, experience, and sequential entry strategies: The international expansion of Japanese firms, 1980–1998,” Strategic Management Journal, 24(11), 1153-1164.

    Demirbag, M., K. Glaister and E. Tatoglu (2007), “Factors influencing perceptions of performance: The case of western FDI in an emerging market,” International Business Review, 16(3), 310-336.
    Dikova, D. and A. Van Witteloostuijn, (2007), “Foreign direct investment mode choice: entry and establishment modes in transition economies,” Journal of International Business Studies, 38(6), 1013-1033.
    Dunning, J. H. (1977), Trade, location of economic activity and the MNE: A search for an eclectic approach, In Ohlin, B., P. O. Hesselborn and P. J. Wijkman, (Eds.), The International Allocation of Economic Activity, 395-418, London: Macmillan.
    Erramilli, M. K. (1990a), “Entry mode choice in service industries,” International Marketing Review, 7(5), 50-62.
    Erramilli, M. K. and C. P. Rao (1990b), “Choice of foreign market entry modes by service firms: role of market knowledge,” Management International Review, 30(2), 135-150.
    Erramilli, M. K. and C. P. Rao (1993), “Service firms` international entry-mode choice: A modified transaction-cost analysis approach,” The Journal of Marketing, 57(7), 19-38.
    Erramilli, M. K. (1996), “Nationality and subsidiary ownership patterns in multinational corporations,” Journal of International Business Studies, 27(2): 225-248.

    Gaba, V., Y. Pan and G. R. Ungson (2002), “Timing of entry in international market: An empirical study of US Fortune 500 firms in China,” Journal of International Business Studies, 33(1), 39-55.
    Gleason, K. C., C. I. Lee and I. Mathur (2002), “Dimensions of international expansions by US firms to China: Wealth effects, mode selection, and firm-specific factors,” International Review of Economics and Finance, 11(2), 139-154.
    Gomes-Casseres, B. (1990), “Firm ownership preferences and host government restrictions: An integrated approach,” Journal of International Business Studies, 21(1), 1-22.
    Greene, W. H. (2003), Econometric Analysis, Fifth Edition, Upper Saddle River, NJ: Prentice Hall.
    Greenaway, D. and R. Kneller (2007), “Firm heterogeneity, exporting and foreign direct investment,” The Economic Journal, 117(517), 134-161.
    Gulati, R. (1995), “Does familiarity breed trust? The implications of repeated ties for contractual choice in alliances,” Academy of Management Journal, 38(1), 85-112.
    Harrigan, K. R. (1988), “Joint ventures and competitive strategy,” Strategic Management Journal, 9(2), 141-158.
    Herrmann, P. and D. K. Datta (2002), “CEO successor characteristics and the choice of foreign market entry mode: an empirical study,” Journal of International Business Studies, 33(3), 551-569.
    Herrman, P. and D. K. Datta (2006), “CEO experiences: Effects on the choice of FDI entry mode,” Journal of Management Studies, 43(4), 755–778.
    Hennart, J. F. (2007), “The theoretical rationale for a multinationality-performance relationship,” Management International Review, 47(3), 423-452.
    Hill, C. W., P. Hwang and W. C. Kim (1990), “An eclectic theory of the choice of international entry mode,” Strategic Management Journal, 11(2), 117-128.
    Hosmer, D. W. and S. Lemeshow, (1989), Applied Regression Analysis, New York: John Willey.
    Hymer, S. (1960), The internafional operations of national firms: A study of direct investment, Ph.D. thesis, Cambridge, MA: MIT press, (published by MIT Press under the same title in 1976).
    Johanson, J. and J. E. Vahlne, (1990), “The mechanism of internationalization,” International Marketing Review, 7(4), 11-24.
    Kim, W. C. and P. Hwang (1992), “Global strategy and multinationals` entry mode choice,” Journal of International Business Studies, 23(1), 29-53.
    Kogut, B. and H. Singh (1988), “The effect of national culture on the choice of entry mode,” Journal of International Business Studies, 19(3), 411-432.
    Larimo, J. and A. Arslan (2013), “Determinants of foreign direct investment ownership mode choice: Evidence from Nordic investments in Central and Eastern Europe,” Journal for East European Management Studies, 18(2), 232-263.

    Lecraw, D. J. (1984), “Bargaining power, ownership, and profitability of transnational corporations in developing countries,” Journal of International Business Studies, 15(2), 27-43.
    Lee, Y. H. (2010), A resource-based perspective of entry mode choices of electronic components industry into China, In Future Information Technology and Management Engineering (FITME), 2010 International Conference on, Vol. 1, 540-545, Changzhou: IEEE.
    Li, P. Y. and K. E. Meyer (2009), “Contextualizing experience effects in international business: A study of ownership strategies,” Journal of World Business, 44(4), 370-382.
    Meyer, K. E., S. Estrin, S. Bhaumik and M. W. Peng (2009), “Institutions, resources, and entry strategies in emerging economies,” Strategic Management Journal, 30(1), 61-80.
    Morschett, D., H. Schramm-Klein and B. Swoboda (2010), “Decades of research on market entry modes: What do we really know about external antecedents of entry mode choice?,” Journal of International Management, 16(1), 60-77.
    Mudambi, R. and S. M. Mudambi (2002), “Diversification and market entry choices in the context of foreign direct investment,” International Business Review, 11(1), 35-55.
    Quer, D., E. Claver and L. Rienda (2007), “The impact of country risk and cultural distance on entry mode choice: An integrated approach,” Cross Cultural Management: An International Journal, 14(1), 74-87.
    Ramasamy, B., M. Yeung and S. Laforet (2012), “China`s outward foreign direct investment: Location choice and firm ownership,” Journal of World Business, 47(1), 17-25.
    Root, F. R. (1987), Entry strategies for international markets, Lexington Books, MA: San Francisco.
    Root, F. R. (1998), Entry strategies for international markets, San Francisco, CA: Jossey-Bass.
    Rugman, A. M. (2010), “Reconciling internalization theory and the eclectic paradigm,” Multinational Business Review, 18(2), 1-12.
    Slangen, A. and J. F. Hennart (2007), “Greenfield or acquisition entry: A review of the empirical foreign establishment mode literature,” Journal of International Management, 13(4), 403-429.
    Slangen, A. H. L. and J. F. Hennart (2008), “Do foreign greenfields outperform foreign acquisitions or vice versa? An institutional perspective,” Journal of Management Studies, 45(7), 1301-1328.
    UNCTAD (2015), World Investment Report 2015: Reforming International Investment Governance, Geneva: United Nations.
    Vickers, J. (1985), “Delegation and the Theory of the Firm,” The Economic Journal, 95(Supplement), 138-147.
    Weinstein, A. K. (1977), “Foreign investments by service firms: The case of multinational advertising agencies,” Journal of International Business Studies, 8(1), 83-91.
    Wei, Y., N. Zheng, X. Liu, and J. Lu (2014), “Expanding to outward foreign direct investment or not? A multi-dimensional analysis of entry mode transformation of Chinese private exporting firms,” International Business Review, 23(2), 356-370.
    Zaheer, A., B. McEvily and V. Perrone (1998), “Does trust matter? Exploring the effects of interorganizational and interpersonal trust on performance,” Organization Science, 9(2), 141-159.
    Zhao, H. X., Y. D. Luo and T. Suh (2004), “Transaction cost determinants and ownership-based entry mode choice: A meta-analytical review,” Journal of International Business Studies, 35(6), 524-544.
    網頁資料
    經濟部投資審議委員會(2015),http://www.moeaic.gov.tw/system_external/ctlr?PRO=PublicationLoad&id=240
    經濟部投資審議委員會(2016),http://www.moeaic.gov.tw/system_external/ctlr?PRO=PublicationLoad&id=257
    描述: 碩士
    國立政治大學
    行政管理碩士學程
    102921031
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0102921031
    数据类型: thesis
    显示于类别:[行政管理碩士學程(MEPA)] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    index.html0KbHTML2235检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈