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研究生:簡千鈞
研究生(外文):Chien Chun-Chien
論文名稱:台灣上市公司國際化程度與財務績效之研究
論文名稱(外文):The Relationship between Internationalization and Financial Performance among Listed Corporations in Taiwan
指導教授:施靜慧施靜慧引用關係
指導教授(外文):Ching-Hui Shih
口試委員:施靜慧劉自強何里仁
口試委員(外文):Ching-Hui ShihTzu-Chiang LiuLi-Jen Ho
口試日期:2012-07-24
學位類別:碩士
校院名稱:亞洲大學
系所名稱:會計與資訊學系碩士班
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2012
畢業學年度:100
語文別:中文
論文頁數:55
中文關鍵詞:多國籍企業非多國籍企業國際化程度財務績效
外文關鍵詞:Multinational CorporationsNon-Multinational CorporationsInternationalizationFinancial Performance
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全球化競爭的時代,跨國企業日漸趨增,聯合國貿易暨發展委員會在2010世界投資報告中統計,2009年台灣對外直接投資金額為58.68億美元,排名全球第30名,由此可見國際化對台灣企業之重要性。然而,企業進行國際化交易行為勢必面臨到許多不確定性,且須投入大量的成本,雖然預期財務績效增加,惟同時相對風險也提高了。此外,根據學者近三十年的研究,國化程度與財務績效關係的實證結果並不一致。本研究首先以民國98年台灣上市企業為研究對象,探討財務績效是否因企業具多國籍或非多國籍而有所差異。其次以民國90年至民國98年間台灣上市具有國際化企業為研究對象,探討國際化程度與財務績效的關係。本研究的實證結果為:(1)財務績效並不會因企業具多國籍或非多國籍而有多差異。(2)國際化程度與財務績效的關係性為部分顯著。
Multinational companies face increasing competition due to globalization. As per the World Investment Report 2010, Taiwan received foreign direct investment of $ 5,868,000,000 during 2009. The United Nations Conference on Trade and Development Committee included 30 Taiwanese corporations in the global rankings. Enterprises conducting international trade inevitably face many uncertainties and incur significant expenses. This is accompanied by an improved financial performance along with an increase in the relative risks. The existing literature, which covers nearly three decades of research, indicates that empirical results vary across internationalization and financial performance. This study initially examines the financial performance of various listed companies (both multinational and non-multinational) in Taiwan in 2009. In addition, this paper explores the internationalization of Taiwan’s listed companies during 2001-2009. The results of the study indicate that variations in financial performance are independent of a company’s multinational/non–multinational status.
摘要..... II
Abstract....III
目錄....IV
表目錄....V
圖目錄.....VI
第一章 緒論....1
第一節 研究背景與動機....1
第二節 研究問題與目的....3
第三節 研究流程....4
第二章 文獻探討....5
第一節 國際化的定義與衡量指標.....5
第二節 財務績效的定義與衡量指標....12
第三節 國際化程度與財務績效之關聯性....15
第三章 研究方法....22
第一節 研究架構及統計方法......22
第二節 研究變數操作型定義.......24
第三節 資料來源與樣本選擇.......26
第四節 研究假說.....29
第四章 實證結果與分析......31
第一節 財務績效是否因企業具多國籍或非多國籍而有所差異......31
第二節 國際化程度與財務績效關係之研究結果......32
第三節 實證結果與分析.....35
第五章 結論與建議......38
第一節 研究結論.....38
第二節 研究限制與建議......40
參考文獻.....41
一、中文部分:
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張旨華(2003),企業國際化程度、最高階管理者之薪酬與組織績效,國立成功大學企業管理研究所未出版之碩士論文。
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喬友慶、于卓民、林月雲(2002),國際化程度與產品差異化能力對廠商績效之影響–台灣大型製造廠商之實證研究,管理學報,第十九卷第五期,811-842頁。
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趙永祥、王建民、陳旭播(2007),國際化程度與產品多角化策略對公司價值與財務績效影響之研究-以台灣電子業上市公司爲例,育達學院學報,第十四期,17-42頁。
趙永祥、李在僑、潘啟華(2011),國際化深度對企業財務績效與公司影響之研究,東亞論壇季刊,49-72頁。
趙家鴻(2002),事業網絡關係,國際化程度與經營績效之研究–以核心廠商觀點,國立東華大學國際企業研究所未出版之碩士論文。
劉韻僖、林玟廷(2008),台灣資訊產業上市公司國際化程度與公司治理關係之探討,中山管理評論,第十六卷第一期,51-82頁。
蔡文祥(2002),創業導向、策略導向、國際化程度與經營績效之實証研究-以台灣資訊設備產業為例,國立雲林科技大學企業管理系未出版之碩士論文。
鄭政秉、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,315-331頁。
謝至侑(2010),台灣上市公司國際化程度與經營績效關係之研究–兼論代理成本之干擾效果,亞洲大學會計資訊學系研究所未出版之碩士論文。
簡志儒(2008),國際化程度與績效關聯之探討,國立政治大學國際經營與貿易學系未出版之碩士論文。

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