請用此 Handle URI 來引用此文件：
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/101460完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳聖賢 | zh_TW |
| dc.contributor.advisor | Sheng-Syan Chen | en |
| dc.contributor.author | 洪致賢 | zh_TW |
| dc.contributor.author | Jhih-Sian Hong | en |
| dc.date.accessioned | 2026-02-03T16:27:20Z | - |
| dc.date.available | 2026-02-04 | - |
| dc.date.copyright | 2026-02-03 | - |
| dc.date.issued | 2025 | - |
| dc.date.submitted | 2025-11-21 | - |
| dc.identifier.citation | 蘇大鈞. (2018). 企業型國家：行政院國家發展基金在產業創新中的角色. 國立台灣大學社會科學院政治學系.
Alperovych, Y., Hübner, G., and Lobet, F. (2015). How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium. Journal of Business Venturing 30 (4), 508–525. Andrieu, G., and Groh, A. P. (2012). Entrepreneurs' financing choice between independent and bank-affiliated venture capital firms. Journal of Corporate Finance 18 (5), 1143–1167. Bernstein, S., Giroud, X., and Townsend, R. R. (2016). The impact of venture capital monitoring. Journal of Finance 71 (4), 1591–1623. Bertoni, F., Colombo, M. G., and Quas, A. (2015). The patterns of venture capital investment in Europe. Small Business Economics 45, 543–560. Chemmanur, T. J., Loutskina, E., and Tian, X. (2014). Corporate venture capital, value creation, and innovation. Review of Financial Studies 27 (8), 2434–2473. Johan, S., & Murtinu, S. (2018). Banks joining venture capital investments: Portfolio selection, strategic objectives, performance and exit. TILEC Discussion Paper 2018-039 Kortum, S., and Lerner, J. (2000). Assessing the contribution of venture capital to innovation. The RAND Journal of Economics 31 (4), 674–692. Luukkonen, T., Deschryvere, M., and Bertoni, F. (2013). The value added by government venture capital funds compared with independent venture capital funds. Technovation 33 (4-5), 154–162. Oh, S., Jang, P., and Kwak, G. (2022). Enhancing the efficiency of governmental intervention in the venture capital market: The monitoring effect. Economic Analysis and Policy 75, 450–463. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/101460 | - |
| dc.description.abstract | 本研究以2000年至2023年之台灣公開發行公司為樣本，探討創業投資對企業研發投入之影響，並進一步比較企業創投（CVC）、政府創投（GVC）及銀行附屬創投（BVC）對企業研發投入的異質性效果。實證結果顯示，整體而言，獲得創投支持的企業，其研發投入顯著高於未獲創投投資的企業。其中，企業創投對企業研發投入的正面影響最為顯著；銀行附屬創投則因風險偏好較低，其對企業研發投入的促進效果有限；政府創投則受其投資決策影響，對企業研發投入之效益未達顯著水準。本研究進一步透過 2006 年國發基金成立作為外生事件，處理內生性問題，結果突顯創投市場作為政府政策傳導機制之重要性。 | zh_TW |
| dc.description.abstract | This thesis examines the impact of venture capital (VC) investment on corporate R&D investment, focusing specifically on the heterogeneous effects of different VC types, including Corporate Venture Capital (CVC), Government Venture Capital (GVC), and Bank-affiliated Venture Capital (BVC). Utilizing a dataset comprising public offering Taiwanese companies from 2000 to 2023, empirical analyses reveal that VC-backed firms demonstrate significantly higher R&D investment intensity compared to their non-VC-backed counterparts. Among VC types, CVC exerts the strongest positive influence on firms' innovation expenditures, while BVC shows a negative impact due to its conservative risk orientation. GVC investment, however, does not significantly affect corporate R&D spending, likely due to policy-driven constraints and strategic investment considerations. Furthermore, this study addresses potential endogeneity concerns by utilizing the establishment of National Development Fund in 2006 as an exogenous shock. The analysis underscores the crucial role of the VC market as a transmission mechanism for governmental innovation policy, highlighting important implications for policymakers aiming to stimulate corporate innovation through venture capital initiatives. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2026-02-03T16:27:20Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2026-02-03T16:27:20Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 口試委員審定書 II
誌謝 III 中文摘要 IV ABSTRACT V 目次 VI 圖次 VII 表次 VII 第壹章 緒論 1 第貳章 文獻回顧 3 第參章 研究資料與研究方法 8 第一節 研究資料 8 第二節 實證模型 9 第三節 樣本匹配 11 第肆章 實證結果與分析 12 第一節 敘述統計量 12 第二節 迴歸分析 14 第伍章 內生性檢定 20 第一節 研究設計與樣本選擇 21 第二節 內生性檢定迴歸分析 22 第三節 國發基金之投資方式與效益分析 24 第陸章 研究結論與建議 26 第一節 結論與貢獻 26 第二節 研究限制與未來建議 27 參考文獻 28 附錄 29 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 創業投資 | - |
| dc.subject | 創投類型 | - |
| dc.subject | 創新行為 | - |
| dc.subject | 研發投入 | - |
| dc.subject | 雙重差分法 | - |
| dc.subject | Venture Capital | - |
| dc.subject | VC Types | - |
| dc.subject | Corporate Innovation | - |
| dc.subject | R&D Investment | - |
| dc.subject | Difference-in-Differences | - |
| dc.title | 創業投資對企業研發投入的影響 | zh_TW |
| dc.title | The Impact of Venture Capital on Corporate R&D Investment | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 114-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.coadvisor | 王衍智 | zh_TW |
| dc.contributor.coadvisor | Yanzhi Wang | en |
| dc.contributor.oralexamcommittee | 張景宏;許嫣茹 | zh_TW |
| dc.contributor.oralexamcommittee | Ching-Hung Chang;Yen-Ju Hsu | en |
| dc.subject.keyword | 創業投資,創投類型創新行為研發投入雙重差分法 | zh_TW |
| dc.subject.keyword | Venture Capital,VC TypesCorporate InnovationR&D InvestmentDifference-in-Differences | en |
| dc.relation.page | 49 | - |
| dc.identifier.doi | 10.6342/NTU202504701 | - |
| dc.rights.note | 同意授權(全球公開) | - |
| dc.date.accepted | 2025-11-24 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 財務金融學系 | - |
| dc.date.embargo-lift | 2026-02-04 | - |
| 顯示於系所單位： | 財務金融學系 | |
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| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-114-1.pdf | 1.17 MB | Adobe PDF | 檢視/開啟 |
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