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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳聖賢 | zh_TW |
| dc.contributor.advisor | Sheng-Syan Chen | en |
| dc.contributor.author | 李佩軒 | zh_TW |
| dc.contributor.author | Pei-Hsuan Lee | en |
| dc.date.accessioned | 2023-08-09T16:28:57Z | - |
| dc.date.available | 2023-11-09 | - |
| dc.date.copyright | 2023-08-09 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-07-25 | - |
| dc.identifier.citation | 康永博、王蘇生、彭珂(2017)。公司創業投資對企業技術創新的影響研究——基於組織間學習的視角。研究與發展管理，29(5)，87-98。
梁曉艷 (2007)。公司創業投資(CVC)的價值創造機制與信息困境問題研究。〔未出版之博士論文〕。中國科學技術大學。 Alvarez‐Garrido, E., & Dushnitsky, G. (2016). Are entrepreneurial venture's innovation rates sensitive to investor complementary assets? Comparing biotech ventures backed by corporate and independent VCs. Strategic Management Journal, 37(5), 819-834. Basu, S., Phelps, C., & Kotha, S. (2011). Towards understanding who makes corporate venture capital investments and why. Journal of Business Venturing, 26(2), 153-171. Ceccagnoli, M., Higgins, M. J., & Kang, H. D. (2018). Corporate venture capital as a real option in the markets for technology. Strategic Management Journal, 39(13), 3355-3381. Chemmanur, T. J., Loutskina, E., & Tian, X. (2014). Corporate venture capital, value creation, and innovation. The Review of Financial Studies, 27(8), 2434-2473. Da Gbadji, L. A. G., Gailly, B., & Schwienbacher, A.(2015). International analysis of venture capital programs of large corporations and financial institutions Entrepreneurship Theory and Practice, 39(5), 1213-1246. Di Lorenzo, F., & van de Vrande, V. (2019). Tapping into the knowledge of incumbents: The role of corporate venture capital investments and inventor mobility. Strategic Entrepreneurship Journal, 13(1), 24-46. Dushnitsky, G., & Lenox, M. J. (2005). When do incumbents learn from entrepreneurial ventures?: Corporate venture capital and investing firm innovation rates. Research Policy, 34(5), 615-639. Dushnitsky, G., & Lenox, M. J. (2006). When does corporate venture capital investment create firm value?. Journal of business venturing, 21(6), 753-772. Keil, T. (2004). Building external corporate venturing capability. Journal of Management Studies, 41(5), 799-825. Keil, T., Maula, M., Schildt, H., & Zahra, S. A. (2008).The effect of governance modes and relatedness of external business development activities on innovative performance. Strategic management journal, 29(8), 895-907. Kim, K., Gopal, A., & Hoberg, G. (2016). Does product market competition drive CVC investment? Evidence from the US IT industry. Information Systems Research, 27(2), 259-281. Lantz, J. S., Sahut, J. M., & Teulon, F. (2011). What is the real role of corporate venture capital?. International Journal of Business, 16(4), 367. Ma, S. (2020). The life cycle of corporate venture capital. The Review of Financial Studies, 33(1), 358-394. Maula, M. V., Autio, E., & Murray, G. C. (2009). Corporate venture capital and the balance of risks and rewards for portfolio companies. Journal of Business Venturing, 24(3), 274-286. Paik, Y., & Woo, H. (2017). The effects of corporate venture capital, founder incumbency, and their interaction on entrepreneurial firms’ R&D investment strategies. Organization Science, 28(4), 670-689. Park, H. D., & Steensma, H. K. (2013). The selection and nurturing effects of corporate investors on new venture innovativeness. Strategic Entrepreneurship Journal, 7(4), 311-330. Siegel, R., Siegel, E., & MacMillan, I. C. (1988).Corporate venture capitalists: Autonomy, obstacles, and performance. Journal of Business Venturing, 3(3), 233-247. Titus Jr, V., Parker, O., & Covin, J. (2020).Organizational aspirations and external venturing: The contingency of entrepreneurial orientation. Entrepreneurship Theory and Practice, 44(4), 645-670. Tong, T. W., & Li, Y. (2011). Real options and investment mode: Evidence from corporate venture capital and acquisition. Organization Science, 22(3), 659-674. Wang, X. A., & Wan, W. P. (2013). Explaining the variance in underpricing among venture capital‐backed IPOs: A comparison between private and corporate VC Firms.Strategic Entrepreneurship Journal, 7(4), 331-342. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/88310 | - |
| dc.description.abstract | 本研究透過個案研究法，通過對聯發科技創投在2017年4月將達發科技下市後所採用的三大手段進行全面分析，旨在探討企業創業投資（Corporate Venture Capital, 簡稱CVC）對新創公司企業價值的影響與創造機制。根據研究結果可以發現，聯發科技企業創投主要透過三大手段-提供集團網路與資源支持、參與企業管理、提供資金支持，讓達發科技不論在企業財務價值面、創新價值面、人力價值面、市場價值面，都有顯著之正向成長。
基於研究結論，未來若想要而若想要提高企業創投的投資成功率，建議以後IC設計產業企業創投從業者在選擇投資標的時應優先考慮同產業且具備高度互補性的公司，以提高投資的綜效。同時，在改造新創公司的過程中，應重視人力資本、創新資本的培育。 | zh_TW |
| dc.description.abstract | This study employs a case study approach to comprehensively analyze the three main strategies adopted by MediaTek's corporate venture capital (CVC) after the delisting of Airoha Technology in April 2017. The objective is to explore the impacts and creation mechanisms of CVC on the enterprise value of start-up companies. The research findings reveal that MediaTek's CVC primarily encompasses three strategies: providing extensive network and resource support, participating in corporate management, and offering substantial financial backing. These strategies contribute significantly to the growth of Airoha Technology in terms of financial performance, innovation capability, human capital, and overall enterprise value.
To optimize investment outcomes, future practitioners of CVC in the IC design industry are recommended to prioritize investments in synergistic companies within the same sector. Furthermore, placing significant emphasis on cultivating human capital and fostering innovation capital is crucial during the transformative journey of startups. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-08-09T16:28:57Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-08-09T16:28:57Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 謝辭 i
中文摘要 ii Abstract iii 目錄 iv 圖目錄 vi 表目錄 vii 第一章、緒論 1 第一節、研究動機與背景 1 第二節、研究目的 3 第三節、研究架構與流程 4 第二章、文獻回顧 5 第一節、企業創投定義 5 第二節、母公司成立企業創投之背景與目標 6 第三節、企業創投價值創造機制 7 第三章、研究方法 11 第一節、個案選擇原則 11 第二節、數據來源 11 第四章、產業分析 13 第一節、IC產業鏈簡介 13 第二節、IC設計產業發展規模 14 第三節、IC設計產業競爭分析 15 第四節、IC設計產業特色 17 第五章、個案公司分析 20 第一節、聯發科技 20 第二節、達發科技 28 第六章、交易事件分析 34 第一節、聯發科技投資達發科技動機 34 第二節、交易事件時間軸 36 第三節、聯發科技對達發科技企業價值影響途徑 36 第四節、CVC影響達發科技企業價值效果分析 41 第七章、結論與建議 48 參考文獻 50 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 企業創業投資 | zh_TW |
| dc.subject | 新創公司 | zh_TW |
| dc.subject | 企業價值創造 | zh_TW |
| dc.subject | 聯發科技 | zh_TW |
| dc.subject | 達發科技 | zh_TW |
| dc.subject | Enterprise value creation | en |
| dc.subject | Startups | en |
| dc.subject | MediaTek | en |
| dc.subject | Corporate venture capital | en |
| dc.subject | Airoha Technology | en |
| dc.title | 探討企業創投對新創公司企業價值影響與創造路徑 -以聯發科技投資達發科技案為例 | zh_TW |
| dc.title | Exploring the impacts and creation mechanisms of CVC on the enterprise value of start-up companies：A Case Study of MediaTek's Investment in Airoha Technology. | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 何耕宇;黃嘉威 | zh_TW |
| dc.contributor.oralexamcommittee | Keng-Yu Ho;Chia-Wei Huang | en |
| dc.subject.keyword | 企業創業投資,企業價值創造,新創公司,聯發科技,達發科技, | zh_TW |
| dc.subject.keyword | Corporate venture capital,Enterprise value creation,Startups,MediaTek,Airoha Technology, | en |
| dc.relation.page | 52 | - |
| dc.identifier.doi | 10.6342/NTU202302065 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-07-26 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 財務金融學系 | - |
| 顯示於系所單位： | 財務金融學系 | |
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