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標題: | 觀察學習在企業併購的實證探討 Learning from Fashion Leaders: Evidence from Mergers and Acquisitions |
作者: | Chih-Yen Lin 林志彥 |
指導教授: | 陳聖賢(Sheng-Syan Chen) |
關鍵字: | 企業併購,觀察學習,社會學習,結案速度,營運績效, Mergers and acquisitions,Observational learning,Social learning,Complete speed,Operating performance, |
出版年 : | 2013 |
學位: | 博士 |
摘要: | 本研究使用企業併購決策來探討實證上是否存在觀察學習現象。透過在研究與發展密集的產業中,利用一個新奇的界定觀察學習效果的方式,本研究除了找到觀察學習存在的實證證據外,也發現若干個可以增進該學習效果的機制。本研究也發現到,有使用觀察學習而之後去從事企業併購的廠商也能從此學習效果上獲益。除了在企業併購的過程中能夠縮短冗長的結案進度外,也能享受到營運績效成長的益處。 Using a novel identification strategy in R&D intensified industries, we not only provide empirical evidence of observational learning, but we also find several mechanisms which can significantly enhance such learning effect. Further, we also show followers when they learn, they also benefit. Such followers are considered to complete the deal more quickly and enjoy more ex post real performance. We use mergers and acquisitions (M&As) as the testing environment, due to the unique economic impact and huge outcome uncertainty of such investment which more suitable to test observational learning. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/15573 |
全文授權: | 未授權 |
顯示於系所單位: | 財務金融學系 |
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ntu-102-1.pdf 目前未授權公開取用 | 2.05 MB | Adobe PDF |
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