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博碩士論文 etd-0208110-173246 詳細資訊
Title page for etd-0208110-173246
論文名稱
Title
台灣跨國企業赴越南投資合資與獨資選擇與政治風險: 干擾變數之角色
The Research on Political Risk and Choice between Joint Venture and Wholly Owned Subsidiary of Taiwanese MNEs’ Investment in Vietnam: The Role of Moderators
系所名稱
Department
畢業學年期
Year, semester
語文別
Language
學位類別
Degree
頁數
Number of pages
68
研究生
Author
指導教授
Advisor
召集委員
Convenor
口試委員
Advisory Committee
口試日期
Date of Exam
2010-02-01
繳交日期
Date of Submission
2010-02-08
關鍵字
Keywords
對外投資、越南、進入模式、獨資、合資、政治風險、財務結構、研發能力、獲利能力
profitability, wholly owned subsidiaries, R&D capability, financial structure, political risk, joint ventures, entry mode, Vietnam, foreign direct investment
統計
Statistics
本論文已被瀏覽 5733 次,被下載 12
The thesis/dissertation has been browsed 5733 times, has been downloaded 12 times.
中文摘要
越南自1986年實施經濟改革計畫(Doi Moi)以來,便不斷地進行經濟改革開放,積極開創成為一個優渥的投資環境,以吸引外資前往投資,其中,台商在赴越南投資的外資中,扮演相當重要的角色,總投資金額合計超過190億美元。

然而,儘管越南之投資環境已大有改善,但就企業經營而言仍有相當風險,由於越南其特殊的政治體制,使得政府在投資政策上,有可能得以無視投資者的權益,而逕行更迭。對於投資者而言,因而存在有具不確定性之政治風險因素。

本研究以此為出發點,旨在探討台灣跨國企業赴越南投資時,政治風險因素是否會對投資越南市場之進入模式-合資或獨資造成顯著之影響。鑑於國內外相關研究文獻多僅著墨於地主國政治風險與海外進入模式之關聯性論述,鮮少對於企業本身資源與優勢所造成之干擾效果進行研究。因此本研究試圖根據資源基礎論、折衷理論等相關理論,探討企業之獲利能力、財務結構以及研發能力是否對於地主國政治風險與海外進入模式之關係具有干擾效果。本研究以採合資或獨資方式進入越南之台商為研究樣本,透過次級資料收集,以皮爾森相關係數分析變數關係,並進而以二元羅吉斯迴歸模型檢驗假說。

研究結果發現,越南之政治風險與進入模式之決策有顯著關係,當政治風險越高時,台灣跨國企業越傾向以合資方式進入越南市場,而企業之獲利能力對於政治風險與進入模式決策之關係則有正向之干擾效果。顯示企業獲利能力越佳時,當政治風險越高時,越傾向採取合資方式進入該市場。
Abstract
Since “Doi Moi” (renovation) begun in 1986, Vietnam has engaged in economic reform on an on-going basis in order to create a fruitful investment environment and attract foreign investors to engage in its market. As the total investment amount is over 19 billion US dollars, the role of Taiwanese investors played is more important than before.
Notwithstanding that the investment environment in Vietnam has improved more significantly than ever, the enterprises’ operation still has to bear considerable risk. Due to Vietnam’s special single-party state constitution, for foreign investors, it is expected that the political risk is existed with the high feasibility of government change policies and ignore investors’ benefits.
According to this, the purpose of this research is to realize how the host’s political risk influences Taiwanese MNEs’ entry mode choice. As previous studies generally focused on the discussion of the relationship between political risk and entry mode choice, however, the moderating effects of firms’ own resource and advantages are less mentioned. Therefore, this thesis tries to provide a theoretical framework based on resource-based view, eclectic theory and other related theories that includes profitability, financial structure, and R&D capability as the contingency factors to examine how these factors moderate the relationship between political risk and entry mode choice.
The findings of this study reveal that when the political risk in Vietnam getting higher, Taiwanese MNEs are more likely to engage in Vietnam through JVs. Besides, the positive moderating effect of profitability is also existed. It shows when a firm with higher profitability, it will more tend to choose JVs as the political risk in Vietnam rising.
目次 Table of Contents
Chapter 1 Introduction 1
1.1 Background 1
1.2 Motive and Objective 5
1.3 Research Process 6
Chapter 2 Literature Review 8
2.1 Entry mode 8
2.2 Political Risk and Entry Mode 11
2.3 Transaction Costs and Entry Mode 14
2.4 Eclectic Theory and Entry Mode 15
2.5 Resource-Based View and Entry Mode 16
2.6 Synthesis 17
Chapter 3 Research Methodology 18
3.1 Framework 18
3.2 Hypothesis Development 20
3.3 Measurement of Variables 25
3.4 Sample 30
3.5 Data Collection Procedure 30
3.6 Analysis and Methods 31
Chapter 4 Result 34
4.1 Description of Sample Data 34
4.2 Analysis of Hypotheses Test 42
4.3 Discussion 49
Chapter 5 Conclusion and Suggestion 53
Reference 56
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Chinese:
方至民,2006,國際企業管理,前程文化
吳佳繐,2008,台灣跨國企業投資越南之因素探討:合資與獨資,國立中山大學國際經營管理碩士論文
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