臺灣博碩士論文加值系統

本文旨在探討臺商赴大陸集中投資與分散投資對其經營績效的影響。隨著中國大陸躍升為臺灣之最大出口國，兩岸間之依存度意謂日益加深，促使國內企業赴中國大陸投資者眾，但至中國大陸投資是否真能將企業經營推向另一高峰，透過本研究使其於前往投資中國大陸之際能將風險降至最低，致提升公司整體經營績效。茲因臺灣電子產業在大陸的發展性較其他產業更為完整，亦是目前臺灣公司赴大陸投資排名第一的產業，故本研究特以其為主要研究代表產業，分別探討其赴大陸投資深度與廣度，對公司經營績效影響。首先利用無母數檢定探討投資大陸與非投資大陸對績效影響，再整合資料包絡分析法與迴歸建構出公司深度與廣度的關係。研究樣本為2009-2013年的83家臺灣上市櫃電子公司。實證結果顯示，規模越大的公司投資大陸，其績效越好。深度與公司績效呈現負相關，由於充滿未知變數因缺乏以及承擔高學習成本，廣度與公司績效呈現正向關係,公司往往企圖進行中國的海外投资以達到更好的公司績效。

The aim of this study is to explore the efficiency of Decentralized Investment and Concentrated Investment in China. As the Chinese mainland surpassed the largest exporter of Taiwan, dependence between the two sides means deepening and prompting investors of domestic enterprises to go public in China; however, it really means bringing investments in mainland China businesses to new heights. Through this research it on occasion to invest in mainland China can minimize risks, caused improve the overall business performance. As Taiwan's electronics industry is more complete than other industries, Taiwanese companies are currently ranked first in the mainland investment industry, thus, this study is representative of the industry as the main study to explore the depth of its investment in the mainland, as well as the breadth of the company's operating performance impact. First, the number of test without the mother continent to explore the impact of investment and non-investment performance of the mainland, and then integrates data envelopment analysis and regression construct the depth and breadth of relations firm. The empirical results show that, the larger the company's investment in mainland China, the better the performance. The depth degree of investment in China has a negative and significant relationship due to firms’ lack of sufficient know-how, thus, they suffer from a higher learning cost. The breadth degree of investment shows a positive and statistically significant relationship. Thus, companies tend to implement overseas investment dimensions in China to achieve better corporate performance.

Abstract in Chinese i
Abstract in English ii
Acknowledgements iii
Table of Contents iv
List of Tables v
List of Figures vi
CHAPTER 1 INTRODUCTION 1
CHAPTER 2 LITERATURE REVIEW 7
2.1 Overview of the oversea investment in China 7
2.2 Firm Performance – Data Envelopment Analysis 9
2.3 Firm performance with an investment in China 10
CHAPTER 3 RESEARCH DESIGN 13
3.1. Dynamic production process for a listed Electronic company of Taiwan 13
3.2. Data collection and description 15
3.3. Efficiency evaluation-dynamic DEA approach 20
CHAPTER 4 RESULTS AND DISCUSSIONS 23
4.1. Dynamic efficiency analysis for “investment in China” and “Non- investment in China” companies 23
4.2. Characteristics and performance of electronic companies within an investment in China 25
4.3.1. The scope of investment 26
4.3.2. Electronic investment in China 27
CHAPTER 5 CONCLUSIONS 32
REFERENCE 35

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