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研究生:三好昭宏
研究生(外文):Akihiro Miyoshi
論文名稱:臺灣跟日本企業的合併和購的問題
論文名稱(外文):Surviving the competition of global economy through Mergers and acquisition between Taiwan and Japan
指導教授:胡星陽胡星陽引用關係
指導教授(外文):Shing-Yang Hu
口試委員:陳業寧陳明賢
口試委員(外文):Yehning ChenMing-Shen Chen
口試日期:2014-07-03
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:企業管理碩士專班
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:2014
畢業學年度:102
語文別:英文
論文頁數:68
中文關鍵詞:合併臺灣企業
外文關鍵詞:M&;ATaiwanese companies
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While the number of cross border acquisitions between Taiwanese and Japanese companiesis increasing, I raised the following three questions.
‧How Taiwanese companies make a success in Mergers and Acquisition of Japanese companies?
‧How M&;A or partnerships between Taiwanese and Japanese companies benefit both countries?
‧What are the key success and failure factor of M&;A in Japan?
In order to answer the above question, this thesis focuses on mergers and acquisition between Taiwanese and Japanese companies to revealhow we manage the future deals and make it successful. In this thesis, I studied the several cases and analyze these from the viewpoint of business strategy, finance, capability and cultural aspects.In addition, I considered how I behave when I face the deal of mergers and acquisitions.
Successful cross-border M&;A between Taiwan and Japan increase and these cooperation will bring certain advantages to both Taiwan and Japan. I believe that our cooperation can generate more synergies by utilizing their strength and capabilities.I hope both Taiwan and Japan can complement each other to survive in Asian Market.


Abstract-2
1.Introduction-3
2.Why M&;A? – achieving growth through Mergers and acquisition-8
2.1.Strength of Taiwanese company-10
2.2.Strength of Japanese company-13
3.Case study of Mergers and acquisition between Taiwan and Japan-17
3.1.Case study – Taiwan Familymart and expansion into mainland China-17
3.2.Case study – Failure of acquision of Sharp by Foxconn-23
3.3.Case study – Investment in Alibaba (Not Taiwan)-27
3.4.Case study – Acquisition of Tokyo Star Bank by China Trust Bank-29
3.5.Case study – global supply chain of mobile phone - MediaTek-34
4.Financial Scheme-39
4.1.Leveraged Buyouts-40
4.2.Stock for Stock-42
4.3.Paying cash-43
5.Due diligence issues-43
5.1.Pitfall of mergers and acquisition-44
5.2.Cultural gap between Taiwanese and Japanese companies 45
5.3.Valuation-47
5.4.Country risk assessment-51
6.Post mergers integration-53
6.1.Management style-53
6.2.Leadership-58
7.Conclusion-60
References-61


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