非公開發行創新公司登錄創櫃板之效益分析

Abstract

本文以登錄創櫃板的公司作為主要研究對象，探討登錄創櫃板可以帶給非公開發行創新公司的效益，同時也從滿意度的角度分析創櫃板公司對於創櫃板整體輔導機制的看法及建議，除了可以作為期待透過成為創櫃板公司以加速成長的參考外，主管機關、政府相關機構和民間單位也可以透過本文共同思考，如何調整現有的輔導機制以提升具創新創意微型和中小企業的輔導效益。本文研究結果顯示，除非有其他配套措施，否則現有創櫃板的輔導機制並未能協助微型和中小企業順利達成對外的募資目的；但是對於尚未具備公開發行條件的微型和中小企業，想要透過現有創櫃板的輔導機制建立管理或治理制度、取得股票代號或提升知名度，以提升行銷效益以及和客戶或往來廠商的信賴度，確實有明顯的效益。此外，現有創櫃板公司多數願意推薦其他公司申請創櫃板，也代表著肯定創櫃板的輔導效益，並期待能夠經由創櫃板持續協助公司實現核心價值、加速進入資本市場和達到永續經營的目標。

This study mainly targets GISA (Go Incubation Board for Startup and Acceleration Firms) companies, examining the benefits that GISA brings to innovative non-public micro and SME companies, and also collecting feedback and generating suggestions on satisfaction levels of GISA guidance mechanisms. The results of this study not only serve as a reference for other companies seeking to accelerate growth via GISA, but also provide relevant authorities, government units, and private consulting companies with food for thought. Results of this study indicate that GISA cannot be employed solely as a source of investment funding in the absence of other measures, as current GISA mechanisms may not be able to help listed companies achieve their fundraising goals. However, these mechanisms may be suitable for those companies looking to establish management or governance systems, obtain stock codes, or enhance corporate reputation, as these factors can effectively enhance marketing effectiveness and build trust among clients or collaborators. Additionally, many GISA companies recommend GISA listing as an effective strategy for other companies, showing a positive attitude towards GISA’s guidance mechanisms. It is to be hoped that GISA can continue to help companies realize core corporate values; and achieve sustainability goals.