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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
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dc.contributor.advisor | 林惠玲(Hui-Lin Lin) | |
dc.contributor.author | Che-Hung Hsieh | en |
dc.contributor.author | 謝哲弘 | zh_TW |
dc.date.accessioned | 2021-05-20T20:08:42Z | - |
dc.date.available | 2009-08-20 | |
dc.date.available | 2021-05-20T20:08:42Z | - |
dc.date.copyright | 2009-08-20 | |
dc.date.issued | 2009 | |
dc.date.submitted | 2009-07-31 | |
dc.identifier.citation | Anderson, E., Gatignon, H. (1986). Modes of entry: a transactions cost analysis and propositions, Journal of International Business Studies 17(3): 1–26.
Aw, B.Y., Lee, Y., (2008). Firm heterogeneity and location choice of Taiwanese multinationals, Journal of International Economics Buckley, P.J. and Casson, M.C. (1976). The Future of the Multinational Enterprise, Homes & Meier: London. Chen, H. and Chen, T.-J. (1998a). Network linkages and location choice in foreign direct investment, Journal of International Business Studies 29(3): 445–468. Chen, H. and Chen, T.-J. (1998b). Foreign direct investment as a strategic linkage, Thunderbird International Business Review 40(l): 13–30. Dunning, J.H. (1981). International production and multinational Enterprise. London, UK: Allen & Unwin. Ekholm, Karolina, Forslid, Rikard and Markusen, James (2003). Export Platform Foreign Direct Investment, NBER WP 9517. Grossman, Gene, Helpman, Elhanan, Szeidl, Adam, (2006). Optimal integration strategies for the multinational firm, Journal of International Economics 70 (1): 216–238. Hausmann, R., Gavin, M., (1995). Overcoming volatility, Part II of Economic and Social Progress in Latin America. Inter-American Development Bank, Washington, DC. Hymer, Stephen. (1960). The International Operations of National Firms: A Study of Direct Investment. Ph.D. dissertation, Massachusetts In-stitute of Technology. Johanson, J. and Vahlne, J. (1977). The internationalization process of the firm: a model of knowledge development and increasing foreign market commitments, Journal of International Business Studies 8(1): 23–32. Johanson, J. and Vahlne, J. (1990). The mechanism of internationalization, International Marketing Review 7(1): 11–24. Markusen, J.R., Maskus, K.E., (2001). General-equilibrium approaches to the multinational firm: a review of theory and evidence, NBER WP 8334. MOEA, (2004). Correction and Operation Investigation of Factory. (Ministry of Economic Affairs). MOEA, (2005). Outward FDI Survey in Manufacturing. (Ministry of Economic Affairs). UNCTAD, (2008). World Investment Report: Transnational Corporations and Export Competitiveness. United Nations Conference on Trade and Development, New York. and Geneva. Yeaple, Stephen, (2007). Firm Heterogeneity and the Structure of U.S. Multinational Enterprise: An Empirical Analysis, University of Colorado, Boulder. Manuscript. Zhao H, Luo Y, Suh T. (2004). Transaction cost determinants and ownership-based entry mode choice: a meta-analytical review, Journal of International Business Studies 35(6): 524–44. | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/9083 | - |
dc.description.abstract | 我們將對外直接投資的不確定性納入考量,以Aw and Lee (2008) 的理論架構為基礎作進一步的延伸,試圖提供一個更完整的對外投資區位選擇模型。在我們的理論模型中,除了固定投資成本、勞動成本、對稱的運輸成本、國家間的相對市場大小是決定廠商投資地點的重要因素,對於來自中等收入國家 (middle-income country) 的母公司而言,生產力以及對投資國風險認知的異質性也被視為對外投資區位選擇的重要因素。首先,我們發現生產力最低的廠商傾向用出口的方式來代替對外直接投資;進行對外投資的廠商之中,生產力最高的廠商很可能選擇對已開發和開發中國家進行直接投資,生產力次高的廠商則是選擇已開發國家作為直接投資的地點,而生產力較低的廠商則是選擇在開發中國家進行直接投資。以上的結論與其他理論模型的預期相符。有別於這些模型,本文將廠商風險認知的異質性納入考量之後,我們發現:當開發中國家的風險下降時,對開發中國家進行直接投資的廠商會充分的利用海外子公司的產能,除了供應當地市場之外,也會將部分的產出以出口的方式來供應已開發國家的市場。反之,當開發中國家的風險上升,廠商雖然對開發中國家進行直接投資,卻會選擇由母國出口的方式來供應已開發國家的市場。
利用2005年的廠商對外直接投資資料把台灣的跨國公司分為五類:投資開發中國家的廠商(不包含出口平台)、投資開發中國家的廠商(包含出口平台)、投資已開發國家的廠商、同時投資已開發和開發中國家的廠商,以及其他類別的廠商。為了建立實證模型來驗證我們的理論預測,我們合併廠商2004年的工廠校正資料以及使用MNL (multinomial logistic) 模型來進行實證分析。實證結果顯示:第一,生產力較高的廠商都會傾向同時對已開發和開發中國家進行投資。第二,當開發中國家的風險增加的時候,供應當地市場是廠商對開發中國家進行直接投資的主要目的。第三,面臨投資國的風險上升,相對市場大小很可能是廠商決定對已開發國家或是開發中國家進行直接投資的重要因素。最後,廠商對於投資國當地資源的依賴性,不論是投資地點的區位選擇,或者是海外產品的銷售流向都扮演著重要的角色。 | zh_TW |
dc.description.abstract | As an extension for Aw and Lee (2008), this paper tries to provide a more complete picture of the FDI location choice by taking the sovereign risk into account. In our theoretical part, the optimal production location of multinationals headquartered in a middle-income country depends on not only their productivity levels but their individual knowledge about sovereign risks of FDI locations in a setting where fixed set-up costs, labor costs, symmetric transportation costs and the relative market size between North and South are also determinants of FDI location choices. Consistent with other theoretical models, the least productive firms would serve the foreign markets via exporting from the parent country rather than outward FDI. Among the firms engaging in FDI activities, the productivity level is the highest for those investing in both North and South, intermediate for those investing in North and the lowest for those investing in South. Unlike existing theoretical models, we introduce the role of uncertainty into our theoretical framework, which predicts that firms tend to serve not only the local market but the North market via FDI in South as the sovereign risk in South is low. In contrast, firms tend to serve the North market only via exporting from Home while they invest in South where the sovereign risk there is high.
Using confidential firm-level data in the year 2005, Taiwanese multinationals are classified into five categories: South firm without export platform, South firm with export platform, North firm, Global firm and others. In order to develop the empirical connection between the observable data and our theoretical model, the outward FDI information of individual firm is merged with its own plant-level data in 2004, and the multinomial logistic model is used in our empirical analysis. The empirical model yields four main conclusions. First, more productive firms prefer locating production in both North and South to investing in South only. Secondly, with the increase of uncertainty in South, firms locating production in South tend to serve the local market only. Thirdly, as the sovereign risk rises, firms would invest in North rather than South resulting from the relatively large North market. Finally, constructing relational networks plays an important role in not only firms’ decisions of FDI locations but the destinations of their goods. | en |
dc.description.provenance | Made available in DSpace on 2021-05-20T20:08:42Z (GMT). No. of bitstreams: 1 ntu-98-R96323022-1.pdf: 488918 bytes, checksum: f490b359ecbbb18df82f7a5993cdcf4c (MD5) Previous issue date: 2009 | en |
dc.description.tableofcontents | Abstract………………………………………………………………………………..ⅳ
1. Introduction…………………………………………………………………………1 2. Literature review……………………………………………………………………5 3. Data description……………………………………………………………………8 4.The model…………………………………………………………………………16 Case 1-1 Low uncertainty in South and high transportation cost………………21 Case 1-2 Low uncertainty in South and low transportation cost………………27 Case 2-1 High uncertainty in South and high transportation cost……………32 5. Empirical specifications…………………………………………………………39 6. Empirical results…………………………………………………………………42 7.Conclusions………………………………………………………………………50 Reference……………………………………………………………………………54 | |
dc.language.iso | en | |
dc.title | 考慮不確定性的對外投資區位選擇:南國或是北國? | zh_TW |
dc.title | FDI location choice between North and South in the presence of uncertainty | en |
dc.type | Thesis | |
dc.date.schoolyear | 97-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 鄭秀玲(Show-Ling Jang),楊志海(Chih-Hai Yang) | |
dc.subject.keyword | 對外直接投資,區位選擇,不確定性, | zh_TW |
dc.subject.keyword | FDI,location choice,uncertainty, | en |
dc.relation.page | 55 | |
dc.rights.note | 同意授權(全球公開) | |
dc.date.accepted | 2009-07-31 | |
dc.contributor.author-college | 社會科學院 | zh_TW |
dc.contributor.author-dept | 經濟學研究所 | zh_TW |
顯示於系所單位: | 經濟學系 |
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