跳到主要內容

臺灣博碩士論文加值系統

(3.236.110.106) 您好!臺灣時間:2021/07/27 20:22
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果 :::

詳目顯示

: 
twitterline
研究生:黃志宏
研究生(外文):Philip Hwang
論文名稱:國際化與公司治理對台灣資訊電子業生產效率之影響評估
論文名稱(外文):Effect of Internationalization and Corporate Governance on Taiwan Information and Electric Industries Production Efficiency.
指導教授:徐啟升徐啟升引用關係
指導教授(外文):Hsu, Chi-Sheng
學位類別:碩士
校院名稱:東海大學
系所名稱:管理碩士在職專班
學門:商業及管理學門
學類:其他商業及管理學類
論文種類:學術論文
論文出版年:2007
畢業學年度:95
語文別:中文
論文頁數:75
中文關鍵詞:國際化公司治理董事長內部人總經理電子業變數生產效率Translog隨機邊界生產函數技術無效率董事長內部人總經理電子業效果
外文關鍵詞: taiwan data
相關次數:
  • 被引用被引用:5
  • 點閱點閱:463
  • 評分評分:
  • 下載下載:130
  • 收藏至我的研究室書目清單書目收藏:2
本文係採用台灣資訊電子業1999年到2005年之上市上櫃公司為樣本,以「海外投資比率」作為國際化程度的替代變數,並選定「內部人持股比率」、「大股東持股比率」、「法人持股比率」及「董事長是否兼任總經理」作為衡量公司治理之替代變數,運用Translog隨機邊界生產函數模型來檢視國際化與公司治理二大構面,對樣本廠商生產效率之影響程度。
實證結果顯示:(1)海外投資比率和技術效率存在顯著正向影響,但此一正向關係主要來自對中國大陸以外地區之海外投資比率。 (2)公司治理部份,僅有法人持股比率對廠商技術效率呈現顯著正向的關係,支持積極監督假說;但其他公司治理替代變數對技術效率並未存在顯著正向影響。(3)出口比率與樣本廠商之技術效率具有顯著的正向關係,亦即資訊電子業廠商可藉由增加出口比率提升技術效率。研發投入與技術效率呈現顯著負向關係,可能是因研發投入具遞延效果而影響實質效益展現;廣告投入與技術效率呈現不顯著關係,顯示國內資訊電子業仍是專注於OEM/ODM代工之營運模式。
The purpose of this paper are to examine the effect of both internationalization and corporate governance on Taiwan information and Electric Industry production efficiency. We collected the revelant data from listed firms between 1999 and 2005. We selected the FDI to be the variable of internationalization and the ratio of insider ownership, block ownership, institutional ownership, and composition of board of directors to be the variables of corporate governance. The translog Stochastic production frontier model is used to verified the effect of mentioned characteristics of vabiables.

The SFA implies that (1)FDI did have a positive effect on internationalization; (2)Only the ratio of Institutional ownership had positive effect on Corporate Governance, besides, the rest of CG variables could not function effectively on Taiwan IE industries.
目 錄
第壹章 緒論 -------------------------------------------------- 1
第一節 研究背景與動機 ------------------------------------ 1
第二節 研究目的與方法 ------------------------------------ 3
第三節 論文架構 ----------------------------------------- 4

第貳章 理論基礎與文獻回顧 ------------------------------------- 5
第一節 國際化理論 --------------------------------------- 5
第二節 公司治理理論 ------------------------------------- 16
第三節 經營績效理論 ------------------------------------- 22
第四節 國內外相關實證文獻 -------------------------------- 44

第參章 研究設計 ---------------------------------------------- 51
第一節 研究對象與資料來源 -------------------------------- 51
第二節 研究方法與實證模型 -------------------------------- 53

第肆章 實證分析結果 ------------------------------------------ 60
第一節 敘述統計 ----------------------------------------- 60
第二節 實證結果 ----------------------------------------- 61

第伍章 結論與研究限制 ------------------------------------- 69
第一節 結 論 -------------------------------------------- 69
第二節 研究限制與後續研究建議 ----------------------------- 71

參考文獻
中文部份 ---------------------------------------------------- 72
英文部份 ---------------------------------------------------- 74

表目錄
表1-1 2006年台灣資訊電子業整體經營績效與佔前1000大製造業排名彙整 ------ 1
表3-1 分年度各產業統計表 ------------------------------------------ 54
表3-2 研究變數之說明 ---------------------------------------------- 59
表4-1 資訊電子業敘述統計量 ----------------------------------------- 60
表4-2 Translog 隨機邊界生產函數估計結果(模型I) ---------------------- 62
表4-3 技術無效率估計模型估計結果(模型I) ----------------------------- 63
表4-4 各產業技術效率統計表 ----------------------------------------- 64
表4-5 各年度技術效率統計分析 --------------------------------------- 65
表4-6 Translog 隨機邊界生產函數估計結果(模型II) --------------------- 59
表4-7 技術無效率估計模型估計結果(模型II) ---------------------------- 61

圖目錄
圖1-1 研究流程與架構 ---------------------------------------------- 5
圖2-1 區位優勢與競爭力 -------------------------------------------- 16
圖2-2 公司治理之所有權、監督機制與控制權分離 ------------------------- 17
圖2-3 Farrell 生產邊界理論 ---------------------------------------- 26
圖2-4 隨機生產邊界之基本概念 --------------------------------------- 34
一、中文部份:
王譽穎(2004),「我國境外金融中心經營績效的分析-以隨機邊界模型為例」,中原大學企業管理學系碩士論文。

司徒達賢、于卓民、曾紀幸(1997),「環境特性與公司特性對多國籍企業網路關係之影響-在台外商之實證研究」,管理學報,第14卷,第2期。

李建民(2000),「台灣廠商國際化之策略、營運組織與協調機制之研究-以台達電子和宏碁電腦為例」,國立台灣大學國際企業管理研究所未出版碩士論文。

李蘭甫(1984),「國際企業理論」(再版),三民書局出版。

沈緯岳(2006),「台灣資訊電子業全球佈局與經營績效之研究」,銘傳大學國際企業學系碩士論文。

林立偉(2005),「國際化對台灣IC產業多構面財務績效之衝擊效果評估」,東海大學管理碩士在職專班碩士論文。

林灼榮、張國雄、徐啟升、吳秀真、康家維(2006),「台灣資訊電子業廠商西進、品牌開拓潛能與營運績效之攸關性研究」,經濟與管理論壇,第三卷第一期,民國95年,第17-48頁。

林灼榮、蕭莉芃(2007),「台灣IC 設計產業公司治理、技術效率與利潤結構關係之攸關性研究」,2007年生產力成長與效率衡量學術研討會,台北,中研院經濟所(三月)

邱慈觀 編譯(2007),「公司治理-企業健全與營利成長的關鍵」,培生集團,民國96年。

金成隆、陳俞如(2006),「公司治理與專利權:台灣新興市場」,管理學報,第廿三卷第一期,民國95年,第99-124頁。

周淑卿、吳欽杉、陳安琳(2004),「電子資訊產業與非電子資訊產業之研究發展支出、股權結構與公司績效之關聯性研究」,台北科技大學學報,第三十七之二期,民國93年,第267-288頁。

洪榮華、陳香如、王玉珍(2005),「公司內部治理機制與公司績效之關係-股權結構與董事會特性的觀點」,輔仁管理評論,第十二卷第三期,民國94年,第23-40頁。

洪榮華、陳香如、柯璟瑩(2005),「從代理理論的角度探討董事會特性、股權結構與負債之關聯性」,管理與系統,第十二卷第四期,民國94年,第33-53頁。

侯德健(2000),「廠商特性與技術效率-以新竹科學園區電腦及週邊產業為例」,中國文化大學經濟學研究所碩士論文。

翁靜婷(2000),「企業購併行為對技術效率水準之影響」,多吳大學經濟學系碩士論文。

孫珮瑜(2007),「轉折內省 向成熟產業」,天下雜誌,第371期,民國96年。

陳慧珠(2000),「技術效率與產業特性之分析-新竹科學園區IC產業之實證研究」,文化大學經濟學研究所碩士論文。

陳忠榮、劉錦添、孫佳宏(2001),「中小企業與大企業技術效率之估計與比較-台灣電子業四攔位產業之實證研究」,國家科學委員會研究彙刊:人文及社會科學,第十一卷第四期,民國90年,第401-413頁。

陳冠仲(2005),「董事會特性及組成與現金增資公司長期績效關連性研究」,國立成功大學財務金融研究所碩士論文。

陳聰堯(2005),「效率、技術進步與生產力成長-以台灣半導體產業之實證分析」,國立中正大學國際經濟研究所碩士論文。

黃晉偉(2005),「多角化海外投資對台灣製造業經營績效的影響」,東吳大學經濟系碩士論文。

張志裕(2005),「董事會特性、資訊揭露與經營績效之關聯性研究」,中原大學企業管理學系碩士論文。

張朝枝(2007),「海外投資對台灣資訊電子產業經營績效影響評估」,東海大學管理碩士在職專班碩士論文。

楊子菡、廖月波(2004),「產品生命週期與產業空洞化-台灣電子電器業之實證研究」,台灣經濟預測與政策,中央研究院經濟研究所,93年,第三十五卷第一期,第65-89頁。

經濟部統計處,「製造業對外投資實況調查報告(95年)」,台北:經濟部統計處出版品,民國95年。

鄭政稟、李揚、黃晉偉(2006),「多角化海外投資對台灣製造業經營效率的影響」,管理與系統,第十三卷第三期,民國95年,第315-331頁。

鄭國鴻、吳成豐(2006),「公司治理與組織績效-台灣中小企業之研究」,台灣金融財務季刊,第七卷第一期,民國95年,第1-27頁。

蕭莉芃(2006),「公司治理對技術效率與企業成長之影響-以台灣IC產業為例」,東海大學會計系碩士論文。

二、英文部份:
Afriat, S. N. (1972),“ Efficiency Estimation of Productions”, International Economic Review 13(3): 568-598.

Agarwal, S and S. Ramaswami (1992), “Choice of Foreign Market Entry Mode: Impact of Ownership, Location, and Internalization Factors”, Journal of International Business Studies 23(1): 1-27.

Aigner, D. J., C. A. Lovell and P. Schmidt (1977),“Formulation and Estimation of Stochastic Frontier Production Models”, Journal of Economics 6: 21-37.

Annavarijula, M. and Beldona, S. (2000), “Multinationality-Performance Relationship: A Review and Reconceptualization”, The International Journal of Organizational Analysis 8(1):48-67.

Bae, S. C. and Noh, S. (2001),”Multinational Corporations versus Domestic Corporations: A Comparative Study of R&D Investment Activities", Journal of Multinational Financial Management 11: 89–104.

Banker, R.D., Charnes, A., and Cooper, W. W. (1984),“Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis”, Management Science 30: 1078-1092.

Battese, G. E. and T. J. Coelli (1995),“A Model for Technical Inefficiency Effects in a Stochastic Frontier Production for Panel Data”, Empirical Economics 20: 325-332.

Bauer, P. W. (1990),“Recent Developments in the Econometric Estimation of Frontiers”, Journal of Econometrics 46: 39-56.

Berger, P. G. and Ofek, E. (1995), “Diversification‘s Effect on Firm Value”, Journal of Financial Economics, 37: 39-65.

Booth, J. R., Cornett, M. M. and Tehranian, H. (2002),“Boards of Directors, Ownership, and Regulation”, Journal of banking and Finance 26: 1973-1996.

Brewer, E. A., Fortier D. and Pavel C. (1988),“Bank Risk from Non-bank Activities, Economic Perspectives”, the Federal Reserve Bank of Chicago 12.

Buckley, P. and Casson, M. (1976), “The Future of the Multinational Enterprise”, London: Macmmillan.

Chatterjee, S., and M. Lubatkin (1990),“Corporate Merger Stockholder Diversification and changes in Systematic Risk”, Strategic Management Journal 11: 255-268.

Coelli, T., (1996), “A Guide to FRONTIER Version 4.1: A Computer Program for Stochastic FRONTIER production and Cost Function Estimation”, http://www.une.edu.au/econometrics/cepa.htm.

Charnes, A., Cooper, W. W., and Rhodes, E. L. (1978),“ Measuring the Efficiency of Decision Making Units”, European Journal of Operational Research 2: 429-444.

Chatteriee, S. and B. Wernerfelt (1991), “The Link between Resources and Type of Diversification: Theory and Evidence”, Strategic Management Journal 12(19): 33-48.

C. K. Prahalad and Gary Hamel (1990), “The Core Competence of the Corporation”, Harvard Business Review, May-June: 79-91.

Coles, J. W., V. B. McWilliams., and Nilanjan Sen. 2001. “ An Examination of the Relationship of Governance Mechanisms to Performance”, Journal of Management 27: 30-50.

Contractor, F. J., Kundu, S. K. and Hsu, C. C. (2003), “A Three-Stage Theory of International Expansion: The Link between Multinationality and Performance in the Service Sector”, Journal of International Business Studies 34(1): 5-18.

Cornwell, C. P. Schmidt and R. C. Sickles (1990),“Production Frontiers with Cross-section and Time-series Variation in the Efficiency Levels”, Journal of Economics 46: 185-200.

Davidson, W. H. (1980), “The Location of Foreign Direct Investment Activity: Country Characteristics and Experience Effect”, Journal of International Business Studies: 9-22.

Deresky, Helen (1994), “International Management: Managing across boarders and Cultures”, New York: Haper Collis College Publisher.

Dunning, J. H. (1992, 1993), “Multinational Enterprises and the Global Economy”, Addison-Wesley: Workingham. The Economist (1992), “Go west, young firms,” May 9: 88-89.

Dunning, J. H. (1979),”Explaining Changing Patterns of International Production: In Defense of Eclectic Theory”, Oxford Bulletin of Economics and Statistics 41: 269–95.

Farrel, M. J. (1957), “The Measurement of Productive Efficiency”, Journal of the Royal Statistical Society 120(3): 253-290.

Forsund, F. R., C. A. K. Lovell and P. Schmidt (1980), “ A Survey of Frontier Production Functions and of their Relationship to Efficiency Measurement”, Journal of Econometrics 13: 5-25.

Geringer, J. M., Beamish, P. W., and DaCosta, R. C. (1989), “Diversification Strategy and Internationalization: Implication for MNE’s Performance” , Strategic Management Journal 10(2): 109-119.

Grant, R. M. (1987), “Multinationality and Performance among British Manufacturing Companies”, Journal of International Business Studies 18(3): 79-89.

Grenne, W. H. (1980), “Maximum Likelihood Estimation of Econometric Frontier Functions”, Journal of Econometrics 13: 27-56.

Hennart, J. F. and Park, Y. R. (1993), “Green field versus Acquisition: The Strategy of Japanese Investors in the United States”, Management Science 39: 1054-1070.

Hitt, M. A., Hoskisson, R. E., and Ireland, R. D. (1994), “A Mid-Range Theory of the Interactive Effects of International and Product-Diversification on Innovation and Performance”, Journal of Management 20(2): 297-326.

Huang, C. and Liu, J. (1994), “Estimation of Non-neutral Stochastic Frontier Production Function”, The Journal of Productivity Analysis 5: 171-180.

Hymer, S. H. (1960), “The International Operations of National Firms: A Study of Direct Foreign Investment”, Cambridge: The MIT Press.

Ike Mathur, Manohar Singh, Kimberly C. Gleason (2004), “Multinational Diversification and Corporate Performance: Evidence from European Firms”, European Financial Management 10(3): 439-464.

Jensen, M. C. and Meckling, W. H. (1976), “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure“, Journal of Financial Economics 3: 305-360.

Jerilyn W. Coles, Victoria B. McWilliams, Nilanjan Sen (2001), “An Examination of the Relationship of Governance Mechanism to Performance”, Journal of management 27: 23-50.

Johanson, J. and Valhane, J. E. (1977), “The Internationalization Process if the Firm: A Model of Knowledge Development and increasing Foreign Commitments”, Journal of International Business Studies 8(1): 23-32.

Johanson, J. and F. Weiderheim-Paul (1975), “The Internationalization of the Firm: Four Swedish Cases”, Journal of Management Studies 12: 305-322.

Jondrow, J., C. A. K. Lovell, I. S. Materov and P. Schmidt (1982),“On Estimation of Technical Inefficiency in the Stochastic Frontier Production Function Model”, Journal of Econometric 19: 233-238.

Kim, W. C., Hwang, P., and Burgers, W. P. (1993), “Multinationals Diversification and Risk-Return Trade-off”, Strategic Management Journal 14(4): 275-286.

Knickerbocker, F. T. (1973), “Oligopolistic Reaction and Multinational Enterprise” Boston: Harvard University Press.

Kumbhakar, S. C. (1990),“Production Frontiers, Panel Data and Time-varying Technical Inefficiency”, Journal of Economics 46: 201-211.

Lang, L. H. P., Stulz, R. M. and Walkling, R. A. (1989),“Managerial Performance, Tobin’s Q and the Gains from Successful Tender Offers”, Journal of Financial Economics 24: 137-154.

Luigi Benfratello (2002), “Beyond Profitability: Effects of Acquisitions on Technical Efficiency in the Italian Pasta Industry”, Managerial and decision Economics 23: 399-415.

Markides, Constantios C. and Peter J. Williamson (1994),“Related Diversification, Core Competence and Corporate Performance” Strategic Management Journal 15, Special issue, 149-165.

Mallette, P. and Flower, K. L. (1992), “Effects of Board Composition and Stock Ownership on the Adoption of Poison Pills”, Academy of Management Review 35: 1010-1035.

Meeusen, W. and Brroeck, J. V. D. (1977), “Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error”, International Economic Review 18(2): 271-287.

Michael, A. and Shaked, I. (1986), “Multinational Corporations versus Domestic Corporations: Financial Performance and Characteristics”, Journal of International Business Studies 18(3): 89-100.

Morck, R., Shleifer, A., and Vishny, R. W. (1998), “Management Ownership and Market Valuation: An Emprical Analysis” Journal of Financial Economics 20: 293-316.

Pitt, M. M. and Lee, L. F. (1981),“Measurement and Sources of Technical Inefficiency in the Indonesian Weaving Industry”, Journal of Development Economics 9: 43-64.

Porter, M. E. (1985), Competitive Advantage, New York: Free Press.
Porter, M. E. (1990), “The Competitive Advantage of Nations”, New York: Free Press.

Prasad, P. and R. C. Kang (1996), “Ownership Strategy for a Foreign Affiliate: An Empieical Investment of Japanese Firms”, Management International Review 36(1); 129-141.

Qian, Gongming (2002),“Multinationality, Product Diversification, and Profitability of Emerging US Small- and Medium-Sized Enterprises”, Journal of Business Venturing 17(6): 611-633.

Qian, Gongming, Yang, Lloyd and Wang, Denis (2003), "Does Multinationality Affect Profit Performance? An Empirical Study of US SMEs", Journal of General Management 28(4).

Rechner, P. L., and Dalton, D. R. (1989), “The Impact of CEO as Board Chairperson on Corporate Performance: Evidence versus Rhetoric”, Academy of Management Executive 32: 141-143.

Rechner, P. L., and Dalton, D. R. (1991), “CEO Duality and Organizational Performance: A Longitudinal Analysis ”, Strategy Management Journal 12: 155-160.

Richard Bozec, Mohamed Dia (2007), “Board Structure and Firm Technical Efficiency: Evidence from Canadian State-owned Enterprises”, European Journal of Operational Research 177: 1734-1750.

Richmond, J. (1974), “Estimating the Efficiency of Production”, International Economic Review 15: 515-521.

Robinson, R. D. (1984), “International of Business: An Introduction”, Chicago: Dryden Press.

Schmidt, P., and R. C. Sickles (1984),“Production Frontiers and Panel Data”, Journal of Business and economic Statistics 2: 367-374.
Sheu, Her-Jiun and Chi-Yih Yang (2005), “Insider Ownership and Firm Performance in Taiwan’s Electronics Industry: A Technical Efficiency Perspective”, Management and Decision Economics 26: 307-318.

Sergio, D. and S. Vania (2007),“Patterns of Corporate Governance and Technical Efficiency in Italian Manufacturing”, Management and Decision Economics 28: 27-40.

Stevenson, R. E. (1980), “Likelihood Functions for Generalized Stochastic Frontier Estimation”, Journal of Economics 13(1): 57-66.
Tallman, S. and Li, J. (1996), “Effect of Internationalization Diversity and Product Diversity on the Performance of Multinational Firms”, Academy of Management Journal, 39(1): 179-196.

Timmer, C. P. (1971), “Rising a Probabilistic Frontier Production to Measure Technical Efficiency”, Journal of Political Economy 79(4): 776-794.

Vernon, R. (1966),“International Investment and International Trade in the Product Cycle”, Quarterly Journal of economics, 80:190-207.

Welch, L. S. and Loustarinen R. (1988), “Internationalization: Evolution of a Concept”, Journal of General Management 14(2): 34-55.

Williamson, O. E. (1975), “Markets and Hierarchie: Analysis and Antitrust Implications”, New York: The Free Press.

World Bank (1999), “Corporate Governance: A Framework for Implementation -Overview”.
連結至畢業學校之論文網頁點我開啟連結
註: 此連結為研究生畢業學校所提供,不一定有電子全文可供下載,若連結有誤,請點選上方之〝勘誤回報〞功能,我們會盡快修正,謝謝!
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top