臺灣博碩士論文加值系統

海外獨資新設事業在海外投資(Foreign Direct Investment)中是最困難的，不像國際合資有當地合作對象的協助，或是海外併購有當地目標的連結，使公司可以熟悉當地國家環境，因此海外獨資新設事業是風險最高，所需資源及資訊也最多(Herrmann and Datta, 2006)。本研究利用220家美國上市公司宣告海外投資獨資新設事業為樣本，測試具有多樣化國際經驗的董事會對於公司海外獨資新設事業的影響，研究結果指出董事會的多樣化投資經驗、特定文化經驗及特定國家經驗對於公司進行海外獨資新設事業宣告有顯著正向關係。

Greenfield investment is the most difficult form of foreign direct investment. Unlike in international joint ventures/foreign acquisition which can rely on local partners/target firm to provide information and resources, greenfield investment require firms devotion by itself, this make resource aids from board of directors important. We therefore investigate if board's experience of foreign direct investment can help firm performance to succeed in greenfield investment. Greenfield investment involves high level of risk exposure, resource requirement and information requirement. We use 220 samples of Greenfield announcement of U.S. firm to address this issue. We find that board's general international investment experience, specific culture experience and specific country experience generate positive effect on the firm's greenfield performance.