臺灣博碩士論文加值系統

國際化與企業績效之間的關係，在過去的幾年中已有大量的研究，但是，並沒有得到一個確切的結論。基於這個原因，本研究認為國際化與績效之關係並不是直接性的而是間接性的。也就是說，「國際化—績效」存在著權變因子的影響。所以本研究嘗試建立一個系統性的分析架構，分析其之間的權變因子，並重新檢視國際化對企業績效的影響。

本研究以2000年到2005年之間台灣多國籍企業為研究對象，利用迴歸分析(Regression)以及路徑分析（Path Analysis)之後，得到以下幾點結論：（1）「國際化—績效」之間存在著權變因子，才會導致結果不一致。（2）經由研究分析發現，國際化速度的適當與否，確實會干擾國際化與成本效率的結果，也就是說，國際化速度存在的調節效果。(3)本研究結果也指出國際化程度與企業績效又受到成本效率之影響，利用國際化來提昇績效，首先要先改善企業的成本效率，再藉由成本效率的改善來提昇績效，而在這個過程中，國際化擴張速度的適當則會影響到成本效率的結果，也就是說，成本效率存在中介效果。(4)更進一步的透過路徑分析發現，台灣企業國際化活動是透過勞動成本效率對績效的影響比較大，因此台灣多國籍企業的績效應該是藉由勞動成本節省所創造的。

The relationship between internationalization and firm performance, there is a large amount of research over the past several years. Unfortunately, there has not got a consistent conclusion. Because of this reason, our research think the relationship between internationalization and firm performance is not direct but indirect. That is to say, the relationship between internationalization and firm performance exist contingency factors. Therefore, This study tries to build a systematic analysis frame which affects the relationship between internationalization and firm performance. And reexamines there relationship again.

This thesis examines Taiwan multinational firms from 2000 to 2005. This thesis use regression and path analysis and have three conclusions: (1) The relationship between internationalization and firm performance is inconsistent because of the contingency factors. (2) This research finds out internationalization speed indeed interference the internationalization and cost efficiency. That is. Internationalization speed exist the mediating effect. (3) This research also finds out cost the efficiency affect the internationalization and firms performance. IF we use internationalization level improve firm performance. First we should improve the cost efficiency of firms, and then uses the cost efficiency improve the performance. In this course, the proper result of internationalization speed that will influence the result of the cost efficiency. That is. Cost efficiency exist the Intervening effect. (4) Further, through the Path Analysis, this research find out the labor cost efficiency affect the performance more than material cost efficiency in Taiwan Multinational firms, so Taiwan Multinational firm’s performance should be created with the labor cost efficiency.

摘要 i
英文摘要 ii
目次 iii
表目錄 vi
圖目錄 vii
第一章 緒論 1
1.1 研究背景與動機 1
1.2 研究目的 4
1.3 研究流程 5
1.4 研究範圍與對象 6
1.5 本文架構 6
第二章 文獻探討 7
2.1國際化與績效之關係 7
2.1.1 國際化定義 7
2.1.2 企業績效定義 8
2.1.3 國際化與績效之探討 8
2.1.4 支持國際化與績效為正向關係 9
2.1.5 支持國際化與績效為負向關係 9
2.1.6 支持國際化與績效為非線性相關 10
2.1.7 支持國際化與績效無關 10
2.2國際化、成本效率與績效之研究 13
2.2.1 國際化機會(優勢) 14
2.2.2 國際化威脅 15
2.3國際化速度與績效之關係 16
2.4國際化、國際化速度與成本效率之關係 19
第三章 研究設計 23
3.1資料蒐集和樣本選擇 23
3.1.1 研究期間及對象 23
3.1.2 資料來源 23
3.1.3 樣本選取標準 24
3.2研究假說 25
3.2.1 國際化、國際化速度與成本效率之關係 25
3.2.2 國際化、成本效率與績效之關係 25
3.2.3 國際化透過成本(勞動或原料成本)節省而影響績效 26
3.3操作性定義 27
3.3.1 國際化程度 27
3.3.1 企業績效之衡量變數 27
3.3.2 國際化速度之衡量指標 28
3.3.3 成本效率衡量指標 28
3.3.4 控制變數 29
3.3.4.1 企業規模 29
3.3.4.2 企業成長 30
3.3.4.3 企業財務槓桿 30
3.3.4.3 外資持股比率 30
3.3.4.4 產業效果 31
3.4研究架構 32
3.5資料分析方法 33
3.5.1 檢驗國際化速度是否為調節變數 33
3.5.2 檢驗成本效率是否為中介變數 34
3.3.3 路徑分析 34
第四章 實証研究結果 37
4.1樣本資料描述 37
4.1.1 敘述性統計 37
4.1.2 樣本之相關分析 38
4.1.3 樣本之共線性檢定 39
4.2線性迴歸分析 42
4.2.1 檢驗國際化速度是否為調節變數 42
4.2.2 檢驗成本效率是否為中介變數 46
4.3路徑分析 48
第五章 結論與建議 51
參考文獻 54

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