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請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/65871
完整後設資料紀錄
DC 欄位值語言
dc.contributor.advisor郭瑞祥
dc.contributor.authorChe-Wei Wangen
dc.contributor.author王哲偉zh_TW
dc.date.accessioned2021-06-17T00:14:09Z-
dc.date.available2012-07-16
dc.date.copyright2012-07-16
dc.date.issued2012
dc.date.submitted2012-07-06
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dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/65871-
dc.description.abstract企業在擴張其事業版圖時,經常透過併購的方式進行。過去許多研究致力於透過不同的理論闡述併購對公司績效的影響。本研究則藉由組織學習理論及資源基礎觀點來比較不同型態的併購組合差異是否會影響企業的財務績效。
本研究在資料蒐集方面,以2003年至2007年在全球半導體產業上市公司發生的併購事件為主,以SDC和Compustat資料庫為主要資料來源進行研究,共分析了488間企業。透過分析驗證當企業進行不同型態的業外併購,對績效之關係做深入探討,同時考量公司的研發能力強弱與內部資源的多寡。研究結果顯示,企業採取國家型業外併購會對財務績效產生不良的影響。此外,當公司的研發能力越強(即在研發的投入越高),對於併購後財務績效反而有負項的調和效果。相反地,當企業擁有充裕的內部資源可供運用時,對於併購後財務績效有正項的調和效果。
本研究最後提供了實務上的策略意涵,即當企業考慮透過業外併購方式加以擴張時,應詳加考慮自身的研發能力與內部資源彈性以做出決策,藉此提昇併購後的綜效,使公司績效能有所提昇,帶動企業的成長。
zh_TW
dc.description.abstractAcquisitions have been a common strategy when organizations want to expand their operations. In previous research, many studies have widely discussed acquisitions in various aspects. This research introduced the organizational learning theory and resource-based view. We focused on the financial performance due to different acquisition combinations.
Our data contains 488 sample firms in semiconductor industry from 2003 to 2007, which were collected from SDC and Compustat database. Through empirical analyses, the relationship between inter-industry acquisition, R&D capability, organizational slack, and performance have been examined. The result implies that the negative relationship between technologically distant knowledge of national origin and financial performance. In addition, R&D capability makes a negatively moderating effect to the relationship between inter-industry acquisitions and financial performance. In contrast, the relationship between inter-industry acquisition and financial performance will strengthen with higher organizational slack. We finally come to realize the decision of management on inter-industry acquisition could have an impact on the synergy after acquisitions, and we tired to provide the strategic insight for management that they may refer to when facing acquisition decisions.
en
dc.description.provenanceMade available in DSpace on 2021-06-17T00:14:09Z (GMT). No. of bitstreams: 1
ntu-101-R99741034-1.pdf: 360346 bytes, checksum: a7df300dcc917db5581e1d4ad69009e6 (MD5)
Previous issue date: 2012
en
dc.description.tableofcontentsChapter 1 Introduction 1
1.1 Research Background 1
1.2 Research Purpose 4
1.3 Research Procedure 5
Chapter 2 Theory and Hypotheses 7
2.1 Literature Review 7
2.2 Theoretical Background 11
2.2.1 Organizational Learning, Exploration and Exploitation 11
2.2.2 The Resource-Based View 13
2.3 Hypotheses 15
2.3.1 Inter-Industry Acquisition and Financial Performance 15
2.3.2 Moderating Effect of R&D Capability 18
2.3.3 Moderating Effect of Organizational Slack 19
Chapter 3 Research Design and Methodology 21
3.1 Research Framework 21
3.2 Variable Measurement 23
3.2.1 Dependent Variable 23
3.2.2 Independent Variable 23
3.2.3 Moderator Variable 24
3.2.4 Control Variable 25
3.3 Data Collection and Sample 26
3.4 Statistical Method 29
3.4.1 Descriptive statistics and correlation analysis 29
3.4.2 Regression analysis 29
Chapter 4 Research Result 31
4.1 Descriptive Statistics and Correlation Analysis 31
4.2 Regression Analysis 33
4.2.1 Direct effect of inter-industry acquisition and performance 33
4.2.2 Moderating effect of R&D capability and organizational slack 34
Chapter 5 Conclusions and Suggestions 37
5.1 Research Conclusion 37
5.2 Managerial Implication 39
5.3 Limitation and Future Direction 40
REFERENCE 42
dc.language.isoen
dc.subject業外併購zh_TW
dc.subject組織學習理論zh_TW
dc.subject探索與利用zh_TW
dc.subject研發能力zh_TW
dc.subject組織寬裕資源zh_TW
dc.subjectInter-industry acquisitionen
dc.subjectOrganizational learningen
dc.subjectExploration and exploitationen
dc.subjectR&D capabilitiesen
dc.subjectOrganizational slacken
dc.title技術領域與地理環境對併購後財務績效影響 ─ 研發能力與寬裕資源之調和效果zh_TW
dc.titleThe Effect of Technological Space and Geographic Origin on
Post-Acquisition Financial Performance - The Moderating Role of R&D capability and Organizational Slack
en
dc.typeThesis
dc.date.schoolyear100-2
dc.description.degree碩士
dc.contributor.coadvisor陳忠仁
dc.contributor.oralexamcommittee林博文,洪世章
dc.subject.keyword業外併購,組織學習理論,探索與利用,研發能力,組織寬裕資源,zh_TW
dc.subject.keywordInter-industry acquisition,Organizational learning,Exploration and exploitation,R&D capabilities,Organizational slack,en
dc.relation.page50
dc.rights.note有償授權
dc.date.accepted2012-07-06
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept商學研究所zh_TW
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