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    Title: 陸資在臺投資經驗對經營績效的影響:投資時間所扮演的角色
    The Impacts of Investment Experiences on the Performance of Mainland China Enterprises in Taiwan : The Role of Investment Timing
    Authors: 李慧緗
    Contributors: 翁永和
    李慧緗
    Keywords: 對外直接投資
    投資時間
    經營績效
    陸資企業
    Date: 2017
    Issue Date: 2017-08-10 10:10:06 (UTC+8)
    Abstract: 臺灣缺乏自然資源,國內需求有限,政府為振興經濟,積極對外招商,企盼藉由引進僑外投資,促進資本形成,增加就業機會,並帶動廠商上下游與周邊產業的整合與發展,再造臺灣經濟榮景。而中國對外投資持續成長,2015年流出金額達1,457億美元,投資流量位居全球第2位,資金主要流向香港、荷蘭等地區,流入臺灣僅2億4,400萬美元,來臺投資之陸資比率極低,若能吸引更多陸資企業來臺深耕,對臺灣經濟成長應大有助益。
    本研究以2013年來臺投資的187家陸資企業為對象,運用Probit模型及OLS模型,分別探討在不同投資時間下,陸資企業經營績效盈餘與否及每股盈餘高低的決定性因素。研究結果發現,「市場動機」、「效率動機」、「廠商規模」、「資本密集度」、「國際化程度」以及「投資時間」等6項變數為陸資企業在臺投資經營績效盈餘或虧損的重要影響因素。但若考量經營績效的盈虧程度,即每股盈餘高低的決定因素則有所變化,廠商規模大小與國際化程度高低等重要性降低為不顯著,相對的基於策略導向而投資與人力資本養成的影響力顯著提升。同時,本研究以「投資時間」為調節變數,探討投資時間先後對經營績效的決定因素是否具有調節效果,實證結果也證實不同的投資時間,確實會影響解釋變數與被解釋變數(經營績效)之間的因果關係,具備調節效果,這也代表投資時間對經營績效確實扮演著重要的關鍵角色。因此,政府應鼓勵陸資企業非僅以拓展臺灣市場為目標,還要善用政策優惠布局全球,擴大廠商規模,建立兩岸分工體系,投資資本密集及國際化之產業,重視人力資本養成,並取得先進者優勢,創造更佳的經營績效,以吸引並提升陸資企業在臺投資意願。
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    Description: 碩士
    國立政治大學
    行政管理碩士學程
    104921022
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0104921022
    Data Type: thesis
    Appears in Collections:[行政管理碩士學程(MEPA)] 學位論文

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