(3.227.208.0) 您好!臺灣時間:2021/04/18 12:36
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:::

我願授權國圖
: 
twitterline
研究生:陳巧容
研究生(外文):Chen-Chiao Jung
論文名稱:比較利益與產業因素對企業國際化型態的影響
論文名稱(外文):Comparative advantage and industry factors on enterprise internationalization patterns
指導教授:潘偉華潘偉華引用關係
指導教授(外文):Pan-Wei-Hwa
學位類別:碩士
校院名稱:國立雲林科技大學
系所名稱:國際企業管理研究所碩士班
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2013
畢業學年度:101
語文別:英文
論文頁數:75
中文關鍵詞:國家多角化顯示性比較利益總資產報酬率
外文關鍵詞:Revealed comparative advantageROAKeywords: Country diversification
相關次數:
  • 被引用被引用:0
  • 點閱點閱:112
  • 評分評分:系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔
  • 下載下載:5
  • 收藏至我的研究室書目清單書目收藏:2
在急劇變化的環境下,台灣企業正面臨巨大的挑戰。為了獲得競爭優勢,提高在國際市場上的獲利能力,多角化的組合策略被認為是普遍使用的策略之一。這項研究旨在了解台灣的產業之國際多樣化和公司績效之間的關係,此外,我們更探討了產業別,行銷能力和資本性支出對績效的調節效果。再者,我們利用聯立方程式檢驗國家的多樣化對績效的內生性問題。
我們的研究結果顯示,國際多樣化和公司績效之間的呈現曲線關係,產業集中度和國家的多樣化對績效有顯著的效果。對台灣電子產業來說,較低的市場能力或較低的顯示性比較利益會產生較高的公司績效。另外,具有較高的產業集中度和較低的資本支出將產生較高的公司績效。
ABSTRACT
Under the dramatically change of environment, Taiwanese enterprises are confronting great challenges. In order to obtain the competitive advantages and increase profitability in international market, diversification portfolio is considered as one of the commonly use strategies strategy while firms decide to go abroad. The purpose of the study is to examine the relationship between international diversification and performance under Taiwanese context and we also discussed the moderator effect of industrial category, R&;D capability and capital expenditure. Besides, we used simultaneous equations system to examine the endogeneity of country diversification to performance.
Our result indicates that there is a curvilinear relationship between international diversification and performance, and industrial concentration and country diversification will have significant effect to performance. In the Taiwanese electronics industries, lower market capability or lower revealed comparative would generate higher performance. Also, with higher industrial concentration and lower capital expenditure will generate higher performance.
摘要 I
ABSTRACT II
CHINESE ACKNOWLEDGEMENT III
LIST OF TABLES VI
LIST OF FIGURES VII
CHAPTER ONE-INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2 PURPOSE OF THE STUDY 4
1.3 RESEARCH QUESTION 4
1.4 RESEARCH PROCESS 5
CHAPTER TWO-LITERATURE REVIEW 7
2.1 OVERVIEW 7
2.2 DIVERSIFICATION 7
2.2.1 The Theoretical Advantage of Diversification 8
2.2.2 The Theoretical Disadvantage of Diversification 10
2.3 THE RELATIONSHIP BETWEEN INTERNATIONAL DIVERSIFICATION AND PERFORMANCE 12
2.3.1 The Relationship between Country Diversification and Performance 14
2.4 INDEPENDENT VARIABLES-MARKET CAPABILITY, REVEALED COMPARATIVE ADVANTAGE, INDUSTRIAL CONCENTRATION, COUNTRY DIVERSIFICATION TO FIRM PERFORMANCE 16
2.4.1. Marketing capability 16
2.4.2. Revealed comparative advantage 16
2.4.3. Industrial concentration 17
2.5 THE MODERATING EFFECT OF INDUSTRIAL CATEGORY, R&;D CAPABILITY AND CAPITAL EXPENDITURE ON INTERNATIONALIZATION-PERFORMANCE RELATIONSHIP 18
2.5.1 Industrial category (Dummy variable) 18
2.5.2 R&;D Capability 18
2.5.3 Capital Expenditure 19
2.6 DIVERSIFICATION AS THE ENDOGENOUS VARIABLE 20
CHAPTER THREE-METHODS 21
3.1 FRAMEWORK OF THIS STUDY 21
3.2 DATA COLLECTION AND DESCRIPTION 23
3.3 MEASURES 23
3.3.1 Dependent variable 23
3.3.2 Independent variable 24
3.3.3 Moderator 25
3.3.4 Control Variables 26
3.4 DATA ANALYSIS METHODS 29
3.4.1 Simultaneous equations 29
3.5 RESEARCH METHODOLOGY 30
CHAPTER FOUR-RESULTS 33
4.1 DESCRIPTIVE STATISTICS AND MULTICOLLINEARITY TEST 33
4.2 HETEROSCEDASTICITY ANALYSIS:BREUSCH-PANGAN/COOK-WEISBERG TEST 36
4.3 AUTOREGRESSION ANALYSIS: UNIT ROOT TEST 37
4.4 AUTOCORRELATION ANALYSIS: WOOLDRIDGE TEST 38
4.5 RANDOM EFFECT/FIXED EFFECT ANALYSIS-HAUSMAN SPECIFICATION TEST 38
4.6 PANEL REGRESSION ANALYSIS AND MODEL ILLUSTRATION 39
4.6.1. The Diversification Configuration 40
4.7 SIMULTANEOUS EQUATIONS 44
4.8 THE MODERATING EFFECT OF INDUSTRIAL CATEGORY, R&;D CAPABILITY AND CAPITAL EXPENDITURE ON INTERNATIONALIZATION-PERFORMANCE RELATIONSHIP 46
CHAPTER FIVE-RESULTS 52
5.1 DISCUSSION 52
5.1.1 The relationship between country diversification and performance 52
5.2 THE RELATIONSHIP BETWEEN MARKET CAPABILITY AND PERFORMANCE 53
5.1.2 The relationship between revealed comparative advantage and performance 53
5.1.3 The relationship between Industrial concentration and performance 53
5.1.4 The Moderate Effect of Industrial, R&;D capability and capital expenditure 53
5.3 MANAGERIAL IMPLICATIONS 54
5.4 LIMITATIONS AND SUGGESTIONS 55
REFERENCE 56
Website
Ministry of Economic Affairs, R.O.C. http://www.moea.gov.tw
Market Observation Post system http://newmops.tse.com.tw
Taiwan Economic Journal Data Bank http://140.125.246.53/tejcount/
Chinese
曾珮雯,2012,ECFA對台灣上市公司股價的事件的影響效果,國立雲林科技大學,碩士論文。
吳雅莉,2011,企業生命週期對國際多角化與績效之影響,國立雲林科技大學,碩士論文。
賴玟琇,2011,探討研發與管銷費用對國際多角化與績效之影響,國立雲林科技大學,碩士論文。
陳姿君,2011,台灣企業多角化:不同產品多角化程度下地理範疇策略對企業績效內生性影響,國立雲林科技大學,碩士論文。
郭宗雁,2008,探討地理配置與管理密度對國際多角化與績效之影響,國立雲林
科技大學,碩士論文。
梁琇惠,2009,探討國際多角化活動配置與景氣循環對企業績效的影響,國立雲林科技大學,碩士論文。
陳燕鑾,2009,企業生命週期下的多角化活動與績效,國立台灣科技大學,博士學位論文。
English
Ruman, A.M. 1979.International diversification and the multinational enterprise.Lexington, MA:Lexington Books.
Rugman, A.M. 1981. Inside the multinationals: the economics of international markets.London:Croom Helm.
Granger,C.W.J.and P. Newbold(1974),” Supurious regression in econometrics”,Journal of econometrics, Vol. 2, pp,111-120.
Box, G. E. P., &; G. M. Jenkins,(1970).Time Series Analysis: Forecasting and Control. San Francisco: Holden Day.
Geiger, S. W., &; Cashen, L. H. (2002). A Multidimensional examination of slack and its impact on innovation. Journal of Managerial issues, 14, 68-84.
Lu, J. W., &; Beamish, P. W. (2004). International diversification and firm performance: The S-curve hypothesis. Academy of management Journal, 47(4), 598-609.
Hitt, M. A., Hoskisson, R.E., &;kim,H.(1997).International diversification: Effects on innovation and firm performance in product-diversified firms .Academy of Management Journal,40(4),pp.767-798.
Montogomery, C.A. and S.Hariharan(1991).” Diversified expansion by large established firms.” Journal of economic Bejavior &; Organization 15(1):pp.71-89
Hall BH. (1990). The Impact of corporate Restructuring on Industrial Research and Development. Brookings Papers on Economic Activity, pp.85-124.
Hitt, M. A., Hoskisson, R. E., &; Kim, H.(1997). International diversification: Effects on innovation and firm performance in product-diversified firms. Academy of Management Journal, 40(4),767-798.
Tihanyi, L., R. A. Johnson, R. E. Hoskisson and M. A. Hitt, (2003). Institutional ownership Differences and International Diversification: The effects of Boards of Directors and technological opportunity. Academy of Management Journal, 46(2).195-211.
Chen T.J., 1992, “Determinants of Taiwan’s Direct Foreign Investment: the Case of Newly industrializing Country”, Journal of Development Economics, vol. 39, p.397-407.
Chang, S.C., &; Wang, C.F. (2007). The effect of product diversification strategies on the relationship between international diversification and firm Journal of World Business, 42(1), 61-79.
Chang, S., &; Hong. (2002).How much does the business group matter in Korea? Strategic Management Journal, 23(3), 265-274.
Doukas, J., &; Lang,L.(2003). Foreign direct investment, diversification and firm performance. Journal of International Business Studies,34,153-172.
Chatterjee, S., &; Wang, C.F. (2007).The effect of product diversification strategies on the relationship between international diversification and firm Journal of World Business, 42(1) 61-79.
Barney, J. 1991. Firm Resources and Sustained Competitive Advantage.Journal of Management, 17: 99-120.
Peteraf, Margaret A. 1993. The Gornerstones of Competitive Advantage. Strategic Management Journal, 14(3):179-192.
Helsen, Kristiaan, Kamel Jedidi &; Wayne S. DeSarbo. 1993. A New Approach to
Country Segmentation Utilizing Multinational Diffusion Patterns.Journal of Marketing, 57 (October): 60-71.
Hitt, Michael, Robert Hoskisson&; Hicheon Kim. 1997. International Diversification; Effects on Innovation and Firm Performance in Product-Diversified Firms.Academy of Management Journal, 40(4): 767-98.
Kim, W.C., P. Hwang &; W.P. Burgers. 1989. Global Diversification Strategy and Corporate Profit Performances.Strategic Management Journal, 10:45-57.
Tallman, Stephen &;Jiatao Li. 1996. Effects of International Diversity and Product Diversity on the Performance of Multinational Firms. Academy of Management Journal, 39(1):179-196.
Bartlett, Christopher A. &;Sumantra Ghoshal. 1989. Managing Across Borders: The Transnational Solution, Boston: Harvard Business School Press.
Tanriverdi, H., and Venkatraman, N. “Knowledge Relatedness and Performance of Multibusiness Firms,” Strategic Management Journal (26), 2005, pp. 97-119.
Tanriverdi, H. “Information Technology Relatedness, Knowledge Management Capability, and Performance of Multibusiness Firms,” MIS Quarterly (29:2), June 2005, pp. 311-334.
Farjoun, M. “The Independent and Joint Effects of the Skill and Physical Bases of Relatedness in Diversification,” Strategic Management Journal (19:7), 1998, pp. 611-630.
Robins, J., and Wiersema, M. F. “A Resource-Based Approach to theMultibusiness Firm: Empirical Analysis of Portfolio Interrelationships and Corporate Financial Performance,”Strategic Management Journal (16:4), 1995, pp. 277-299.
Barua, A., and Whinston, A. B. “Decision Support for Managing Organizational Design Dynamics,” Decision Support Systems (22:1), January 1998, pp. 45-58.
Chandler JR,A.D(1962). Strategy and Strucure: Chapters in the History of the American Industrial Enterprise.Cambidge.MA: M.I.T.Press. Geringer,J.M., Tallman,S.,&;Olsen,D.M.(2000).Product and international diversification among Japanese multinational firms.Strategic Management Journal,21(1),51-80.
Ansoff,H.I(1957) Strateies for diversification, Harvard Business Review,35(5),113-124 Hitt,M.A.,Hoskisson,R.E.,&;Kim,H.(1997).International diversification: Effects on innovation and firm performance in product-diversification Firmes.Academy of Management Journal,40(4),pp.767-798
Pitt,R.A.,&;Hopkins,H.D.(1982).Firm Diversity: Conceptualization and measurement.Academy of Management Review,7(4),pp.620-629
Berry,C.H.(1975).Corporate Growth and Diversification.JL&;Econ.,14,pp.371
Gort,M(1962).Diversification and Integration in American Industry.Princeton:National Bureau of Economic Research.
Ramanjam,V.andP.Varadarjan,(1989),”Diversification and performance:a reexamination using a new two-dimensional conceptualization of diversity in firms”Acdemy of management journal,30(2):pp.380-397
Hitt,M.A.,Hoskisson,R.E.,&;H(1997).International diversification: Effects on innovation and firm performance in product-diversified firms .Academy of management Joural,40(4),pp.767-798.
Tallman, S., &;Li,J.(1996).Effects of International Diversity and product Diversity on the Performance of Multinational Firms. Academy of Management Journal.39(1),pp.179-196
Grant,R.M.,Jammine,A.P.,&;Thomas,H.(1988).Diversity,diversification, and profitability among British manufacturing companies,1972-84.Acdemy of Management Journal.31(4),771-801
Rumelt,R.P(1982).Diversification strategy and profitability. Strategic Management Jounal,3(4),359-369
Hitt,M.A.,Tihanyi,L.,Miller,T.,&;Kim,H.(1997).International diversification :Effects on innovation and firm performance in product-diversified firms. Academy of Management,32(6).831.
Berry,C.H(1971).Corporate growth and Diversificaiton.JL&;Econ.,14,371
Kamien,M.L.,&;Schwartz,N.L.(1975).Market Structure and Innovation:ASurvey.Journal of Economic Literature,13(1),1-37
Pitts, R.A.,&; Hopkins,H.D.(1982).Firm Diversity: Conceptualization and Measurement.Acaedmy of Review,7(4),620-629.
Hitt, M.A.,Hoskisson,R.E.,&;Kim,H.(1997).International diversification:Effects oninnovation and firm performance in ptoduct-diversificationfirms.Academy of Management Journal,40(4),767-798
Grant,R.M.,Jammine,A.P.,&;Thomas,H.(1988).Diversity,diversification,and profitability among British manufacturing companies,1972-84.Academy of Management Journal,31(4),771-801
Daniels, J.D.,&;Bracker,J.(1989).Profit performance: Do foreign operations make a difference.Management International Review,29(1),46-56.
Geringer,J.M.,Beamish,P.W.,&;daCosta,R.C(1989).Diversification strategy and internationalization: Implications for MNE performance. Strategic Management Journal, 10(2), 109-119.
Gomes, L., &;Ramaswamy,K.(1999).An Empirical Examination of the Form of the Relationship between Multinationality and Performance. Journal of International Business Studies, 30(1), 173-187
Hitt,M.A.,Hoskisson,R.E.,&;Kim,H.(1997).International diversification:effects on innovation and firm performance in product-diversified firms,Academy of Management Jouranl,40(4),767-798
Kim,W.C.,Hwang,P.,&;Burgers,W.P.(1989).Global diversification strategy and corporate profit performance, Strategic Management Jounal,10(1),45-57
Li, L.,&;Qian,G.(2005).Dimensions of International Diverification:Their Joint Effect on Firm Performance. Journal of Global Marketing, 18(3/4), 7-35.
Ramaswamy,K.(1993).Multinationality and performance: An empirical examination of the moderating effect of configuration of Academy Management,142-146.
Sullivan,D.(1994).Measuring the Degree of Internationalization of a Firm. Journal of International Business Studies,25(2).
Kim,W.C.,Wang P.,Burgers,W.P.,1989Global diversification strategy and corporate profit performance. Strategic management Journal 10(1),45-57
Ramanjam,V.and .Varadarjan,(1989),”Research on corporatediversification: A synthesis”, Strategic Management Jouranl,10(6):pp.523-551
Montgomery,C.A.andS.Hariharan(1991).”Diversified expansion by large established firms.”Journal of Economic Behavior&;Organization 15(1):pp.71-79.
Vernon,R.(1971).Sovereignty at Bay;the Multinational Spread of US Enterprises:Basic Books.
Grant,R.M(1987).”Multinationality and Performance among British Manufacturing Companies.”Journal of International Business Studies18 (3):pp79-89.
Grant,R.M.,Jammine,A.P.,andThomas,H.(1988).Diversity,diversification,and profitability among British manufacturing companies,1972-84.Academy of Management Journal,31(4),pp.771-801.
Hitt,Michael,RobertHoskisson&;Hicheon Kim.1997.International Diversification: Effects on Innovation and firm Performance in Product-Diversified Firms. Academy of Management Journal, 40(4):767-98
Caves,R.E.(1971).Diversification and sdllerconcentration: evidence from change. Review of economics and Statistics, 63:pp.289-293.
Myers,StewartC.andMajluf,Nicholas S.(1984).Corporate Financing and Investment Decisions When Firms Have Information that Investor Do Not Have.Journal of Financial Economics,13(2):pp.187-22
Amihud,Yakov;andLev,Baruch(1981).Risk Reduction as a managerial Motive for Conglomerate Mergers.BellJournal of Economics,12(2):pp.605-617.
Berger,PhilipG.andOfek,Eli.(1995) Diversification’s Effecto on Firm Value.Journal of Financial Economics,37(1):pp.39-65.
Lang L.H.P.andStulz,R.M(1994).Tobin’s Q,Corporate Diversification and the Journal of Political Economy,102(6),pp.1248-1280.
Wernerfelt,B.andC.A.Montgomery(1988).Conglomerates Revisted.Strategic Management Journal,9:pp.403-414.
Geringer,J.M.,S.Tallman,et al.(2002).”Product and international diversification among Japanese multinational firms.”Strategic Management Journal 21(1):51.
Riahi-Belkaoui,A.(1996).Internationalization,diversification strategy and ownership structure:Inplications for French MNE performance.International Business review,5(4),pp.367-376
Geringer,J.M.,Beamish,A.P.and da Costa,R.C.(1989).Diversification Strategy and Internationalization:Implications for MNE Performance.Strategic Management Journal,10:pp.109-119.
Roth,K.(1992).International Configuration and Coordination Archetypers for Medium-Sized Firms in Global Industries.Journal of Internaiontal.Business Study,23:pp.533-549.
Hitt,M.A.,Tihanyi,L.,Miller,T.,&;Connelly.(2006).International Diversification: Antecedents, Outcomes, and Moderators, Journal of Management,32(6).831.
Tallman,S.,&;Li,J.(1996).Effects of International Diversity and Product Diversity on the Performance of Multinational Firms. Academy of Management 39(1),179-196
Eisenhardt,K.M.,&;Martin,J.A.(2000).Dynamic capabilities: what are they? Strategic Management Journal,21(10-11),1105-1121.
Habib,M.M.,&;Victor,B.(1991).Strategy,strategy,structure,and performance of US manufacturing and service MNCs:acomparatibeanalysis,Strategic Journal,12(8),589-606.
Geringer,J.M.,Tallman,S.,&;Olsen,D.M.(2000).Product and international diversification among Japanese multinational firms.Strategic Management Journal,21(1),51-80.
Grant,R.M.(1987).Multinationality and Performance among British Manufacturing Companies.Journal of International Business Studies,18(3),79-89.
Kogut,B.,&;Singh,H.(1998).The Effect of National Culture on the Choice of Entry Mode.Journal of International Business Studies,19(3),411-432.
Deliou,A.,&;Beamish,P.W.(1999).Geographic scope,productdiversification,and the corporate performance of Japanese firms.Strategic Management 20(8),711-727.
Eishehardt,K.M.,&;Martin,J.A.(2000).Dynamic capabilities:What are they? Strategic Management Journal,21(10-11),1105-1121.
Sambharya,R.B.(1995).The Combined Effect of International Diversification and Product Diversification Strategies On the Performance of US-based Corporations. Management International Review,35(3),197-218.
Hirsch,S.andLev,A.(1971).Sales Stabilization through Export Diversification.Review of Economic and Statistics,53(3):pp.258-266.
Kim,W.C.,Hwnag,P.,&;Burgers,W.P.(1989).Global Diversification Strategy and Corporate Profit Performance.Strategic Management Journal,10(1):pp.45-57.
Miller,J.C.andPras,B.(1980).The Effects of Multinational and Export Diversification on the Profit Stability of U.S.Corportations.Social Economic Journal,46:pp.792-805.
Rugman A.(1976).Risk Reduction by International Diversification.Journal of International Business Studies,7(Full):pp.75-81.
Tallman S.andJ.Li.(1996).Effects of International Diversity and Product Diversity On the Performance of Multinationals Firms,Academy of Management Journal,39(1):pp 179-196.
DeliosA,Henisz W.(2000).Japanese firms’ investment strategies in emerging economies.Academy of Management Journal 43:pp.305-323.
Goerzezn,A.andP.W.Beamish(2003).”Geographic Scope and Multinational Enterprise Performance.”Strategic management Journal 23(13):pp.1289-1306.
Karnani,Aneel;Wernerfelt,Birger.(1985)Multiple Point Competition.Strategic Management Journal,6(1):pp.87-96.
Kim,W.C.,P.Hwang,et al.(1989).”Global Diversification Strategy and Corporate Profit Performance.”Strategic Management Jouranal10(1):pp.45-57.
KougtB,Aander U.1993.Knowledge of the firm and the evolutionary theory of the multinational enterprise.Journal of International Business Studies 24:pp.625-646.
KostovaT,Aaheer S.(1999).Organizational legitimacy under conditions of complexity:the case of the multinational enterprise.Academy of management Review 24:pp.82-98.
Tallman,S.,&;ali,J.(1996).Effects of International Diversity and product Diversity on the Performance of Multinational Firms. Academy of Management Journal,39(1),pp.179-196.
Berry, C.H.(1975).Corporate Growth and Diversification. Princeton, NJ: Princeton University Press.
Dyas, G.P.&;Thanheiser ,H.T.(1976).The Emerging European Enterprise-Strategy and Structure in French and German Firms. London: MacMillan Press.
Hitt,M.A.,Hoskisson,R.E.,&;Ireland R.D.(1994).A Mid-Range Theory of the Interactive Effect on International and Product Diversification in Innovation and Performance, Journal of management,20(2):pp237-96
Hoskisson,R.E.&;Hitt,M.A.(1990)Antecedents and Performance Outcomes of Diversification: A Review and Critique of Theoretical Perspectives. Journal of Management,16:pp.461-509.
McDougall,F.M.&;Round,D.K.(1984).A comparison of Diversifying and Non-diversifying Australian Industrial Firms .Academy of Management Journal,27:pp.384-398.
Penrose,E.T.(1959).”The theory of the Growth of the Firm.”Basil Black well:London.
Tallman,S.,&;Li,J.(1996).Effects of International Diversity and product Diversity on the Performance of Multinational Firms.Academy of Management Uournal,39(1),pp.179-196.
Teece,D.J.(1982),”Towards and economic theory of the multiproduct firm.”Journal of Economic Behavior and Organization3”pp.39-63.
Wernerfelt,B.(1984).”A Resource-based View of the Firm.”Strategic Management Journal 5(2):pp.171-180.
Geringer,J.M.,Beamish,P.W.,anddaCosta,R.C.(1989).Diversification strategy and internationalization:Implications for MNE performance.Strategic Management Journal,10(2),pp.109-119.
Helfat,C.E.,&; M.A.(2003).The dynamic resource-based view:capabilitylifecycles.Strategicmanagement Journal,24(10),997-1010.
Krasnikov,A.,&;jayachandran,S,(2008).The relative Impact of Marketing,Reserch-and-Development,and Operations Capabilities on Firm Performance.
Bartlett,C.A.andGhoshal,S.(1989),Borders:The Transnational Solution,Harvard Business School Press,Boston,MA.
Lessard,D(1976)”World,Country and Industry Relationship in Equity Returns: Implications for Risk Reduction through international Diversification.”Financial Analyst Journal 32,pp.22-28
Levy,H.and M Sarnat.(1990).International Diversification and Investment Portfolios.American Economic Reivew,30(1):pp.73-85
Porter,M.E.(1990).”The Competitive Advatage of Nations.(cover story).”Harvard Business Review 68(2):pp.73-93.
Stulz,R.(1990),”Measuring the Degree of Internationalization of a Firm. Journal Financial Economics,26,pp.3-27.
Bartlett,C.A.andGhoshal,S.(1989),Managing across Border:The Transnational Solution,HarvardBuniness School Press,Boston,MA.
Grant,R.M.(1987).”Multinationality and Performance among British Manufacturing Companies.”Journal of International business studies18(3):pp.79-89.
Lessard,D.(1976)”World,Country and Industry relationship in EauityReturns:Implications for Risk Reduction through International Diversification.”Financial analyst Journal32,pp.22-28.
Levy,H.and M Sarnat,(1990).International Diversification and Investment Portfolios,American Economic Review,30(1):pp.73-85.
Miller,J.C.andPras.B.(1980).the Effects of Multinational and Export Diversification on the Profit Stability of U.S. Corporations. Social Economic Journal,46:pp.792-805.
Stulz,R.(1990),”Managerial Discretion and Optimal Financial Policies, “Journal of Financial Economics,26,pp.3-27.
Berger, Philip G. and Ofed, Eli. (1995) Diversification’s Effect on Firm Value. Journal of Financial Economics, 37(1):pp.39-65
Burch, T.R., and V. Nanda, 2003,”Diversional Diversity and the Conglomerate Discount: Evidence form Spin-offs,” Journal of financial Economics, 70,69-98
Campa, J., Kedia, S., (2002):”Explaining the diversification discount”. Journal of Finance, Vol. 57, pp. 1731-1762.
Rajan, Raghuram, Henri Servaes, and Luigi Zingales, (2002):”The cost of diversity:the diversification discount and inefficient investment”.Journal of Finance, Vol.60,pp.35-80.
Villalonga, B. (2004).”Diversification Discount or Premium? New evidence from the Business Information tracking Series.” Journal of Finance 59(2):479-506
Villalonga, Belen (2004):”Does Diversification Cause the Diversification Discount?” Financial Management, Vol.33, no2, pp. 5-27.
Robey D. and Ross J.,2002, “Learning to Implement Enterprise Systems: an Exploratory Study of the Dialectics Change”, Journal of MIS, p.17-46
Weill P. and Vita M., 2002, “What It Infrastructure Capabilities Are Needed to Implement E-business”, MIS Quarterly Executive, p.17-34.
Berger, P. and Ofed, E. (1995).”Diversification Effect on Firm’s Value”.Journal of Financial Economics, 37-65.
Lang l., and Stulz R. (1994)”Tobin’s q, Diversification and Firm Performance”. Journal of Political Economy, v102 (6), 1248-1280.
Branch, B. (1974) Research and development activity and profitability: a distributed long analysis, Journal of Political Economy, 9-10,991-1011.
Chauvin, K.W. and Hirschey, M. (1993) Advertising, R&;D expenditures and market value of the firm, Financial Management, 22, 2128-40.
Johnson, I.D. and pazderka, B. (1993) Firm value and investment in R&;D, Managerial and Decision Economics, 14, 15-24.
Lee, J. and Shim, E.(1995) Moderating effects of R&;D on corporate growth in U.S. and Japanese hi-tech industries: an empirical study, The Journal of High Technology Management Research, 6,179-91.
Long, W.F. and Ravenscraft, D.J.(1993) LBO’s debt and R&;D capability, Strategic Management Journal, 14, 119-35.
Morbey, G.K. and Reithner, R.M. (1990) How R&;D effects sales growth, productivity and profitability, Research Technology Management, 33, 11-15.
Tassey, G.(1983) Competitive strategies and performance in technology-based industries, Journal of Economic Business, 36,21-40.
Jones and Hill (2010) Theory of strategic management 10th edition 10.352-254
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
系統版面圖檔 系統版面圖檔