臺灣博碩士論文加值系統

本研究主要之目的為針對台灣電子產業中專利權資料最為完整之三大子產業半導體產業、電腦及週邊產業與光電產業，探討其所參與之技術併購案件對探索型創新之影響，並進一步分析併購雙方之技術重疊性與資訊不對稱是否改變技術併購對探索型創新之影響，除此之外更深入探討併購經驗與技術能力是否能使企業免於併購時發生資訊不對稱之影響。實證結果顯示，技術併購對於併購公司之探索型創新有正向之影響；併購雙方之技術重疊性愈高，愈能強化技術併購對探索型創新之正向影響；因併購產生之資訊不對稱則會減弱技術併購對探索型創新之正向影響；若公司具有較高之技術能力，能降低資訊不對稱對探索型創新之負面影響；併購經驗則無減弱資訊不對稱對探索型創新負面影響之顯著效果。

This study examines the relationship between technological acquisition and exploratory innovation performance. We further analyze the impact of technological characteristics and information asymmetry on the above relationship. Moreover, we discuss how M&A experience and technological capability reduce the negative impact of information asymmetry on exploratory innovation performance. After analyzing data collected from year 2008-2015, we find that technological acquisition increases exploratory innovation performance. Furthermore, the higher the technological overlap, the greater the positive impact of technological acquisition on exploratory innovation performance. Finally, we find that technological capability reduces the negative impact of information asymmetry on exploratory innovative performance while M&A experience does not significantly affect the impact of information asymmetry on exploratory innovative performance.

第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的與預期貢獻 4
第三節 研究流程 5
第二章 文獻探討 6
第一節 組織學習與創新 6
一、 創新之定義 6
二、 組織學習與創新 7
第二節 併購之動機、定義與類型 10
一、 併購之動機 10
二、 併購之定義與類型 12
三、 技術併購之定義 13
第三節 技術併購與創新相關實證文獻 15
一、 外部知識來源與創新 15
二、 技術特性與創新 18
三、 資訊不對稱 19
第三章 研究方法 21
第一節 研究架構 21
第二節 研究假說之建立 22
一、 技術併購對探索型創新之影響 22
二、 技術併購下技術特性與探索型創新之關聯 23
三、 技術併購下資訊不對稱與探索型創新之關聯 23
第三節 變數定義與衡量及建立研究模型 27
一、 變數定義與衡量方法 27
二、 實證模型 34
第四節 資料來源與樣本選取 37
第五節 資料分析方法 37
第四章 實證結果 38
第一節 敘述統計 38
一、 技術併購探索型創新之影響 38
二、 技術特性與資訊不對稱對探索型創新之關聯 39
第二節 相關係數分析 42
第三節 迴歸結果與分析 45
一、 技術併購對公司探索型創新之影響 45
二、 併購公司與目標公司間之技術重疊性對技術併購與公司探索型創新之關係的影響 45
三、 當併購公司與目標公司間存有資訊不對稱時，技術併購對公司探索型創新之影響 45
四、 當併購公司與目標公司間存有資訊不對稱時，併購公司之併購經驗與技術能力如何影響技術併購對探索型創新 46
第五章 研究結論、限制與建議 55
第一節 研究結論 55
第二節 研究限制與建議 58
參考文獻 59

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