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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 何筱文 | zh_TW |
| dc.contributor.advisor | Hsiao-Wen Ho | en |
| dc.contributor.author | 王仙淇 | zh_TW |
| dc.contributor.author | Xian-Qi Wang | en |
| dc.date.accessioned | 2023-08-16T16:34:06Z | - |
| dc.date.available | 2023-11-09 | - |
| dc.date.copyright | 2023-08-16 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-08-10 | - |
| dc.identifier.citation | 英文文獻參考
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The role of emotions in cross-border mergers & acquisitions: a systematic review of the inter-disciplinary literature and future research agenda. Journal of International Management, 28(4), 100958. 中文文獻參考 1.陳坤銘、吳秀明、陳財家（2000）。跨國事業結合競爭相關問題及其經濟影響之分析。第七屆競爭政策與公平交易法學術研討會。 2.蔣冠宏, & 蔣殿春. (2012). 中國對發展中國家的投資——東道國制度重要嗎?.管理世界, (11), 45-56. 3.黃柏儒. (2011)。 跨國並購績效實證研究: 以臺灣上市公司為例。未出本之碩士論文，國立臺灣大學管理學院國際企業學研究所，臺北市。 4.劉勰, & 孟勇. (2019). 制度距離與我國企業海外並購效率.經濟管理, 41 (12), 22-39. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/88966 | - |
| dc.description.abstract | 本研究旨在綜述關於制度距離、文化距離與收購方績效表現之間的關係。以SDC資料庫收集了2013年——2016年間貿易產業跨國並購案例，並以WRDS篩選出有近連續七年財務報表之66間公司，130個跨國並購案。與以往研究不同的是本研究嘗試將各變數指數做拆解分析，將衡量文化距離、制度距離的指數分別與衡量收購方績效表現的指數做線性回歸分析，並加入收購方並購經驗作為調節變數做分析。根據實證結果發現文化距離指數中，權利、不確定性規避、長期主義、放縱指數距離與收購方收購方SALES呈負相關關係；個人主義距離與收購方ROA呈負相關關係，同時並購經驗對這一模型有顯著正向調節作用。在制度距離中，投資者保護力度指數距離與收購方SALES呈正相關關係；政府透明度距離與收購方ROA呈負相關關係，同時並購經驗對這一模型也有顯著正向調節作用。發現短期內文化距離、制度距離會影響收購方企業的跨國並購績效表現，其中收購方並購經驗有一定的正向調節能力。 | zh_TW |
| dc.description.abstract | This study aims to review the relationship between institutional distance, cultural distance, and the performance of acquiring firms. This research uses SDC database to find out cross-border merger and acquisition cases in the trade industry from 2013 to 2016. The sample consists of 66 companies with nearly continuous seven years financial statements, resulting in 130 cross-border M&A cases were selected through the WRDS database. Unlike previous studies, this research attempts to disaggregate various variable indices. It conducts linear regression analyses between indices measuring cultural distance, institutional distance, and indices measuring the performance of acquiring firms. Additionally, the study incorporates the acquirer's M&A experience as a moderating variable in the analysis.Based on empirical results, within the cultural distance indices, the distances in terms of power, uncertainty avoidance, long term orientation, and indulgence exhibit a negative correlation with the acquiring firm's SALES performance. The distance in terms of individualism is negatively correlated with the acquiring firm's ROA performance. Simultaneously, M&A experience significantly positively moderates this relationship. Regarding institutional distance, the strength of investor protection is negatively correlated with the acquiring firm's SALES performance. The distance in terms of transparency of government policymaking is negatively correlated with the acquiring firm's ROA performance. Similarly, M&A experience has a significant positive moderating effect in this model as well. The findings indicate that institutional and cultural distances in the short term impact the cross-border M&A performance of acquiring firms, with the acquiring firm's M&A experience exhibiting a certain level of positive moderating capability. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-08-16T16:34:06Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-08-16T16:34:06Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 摘要 I
Abstract II 圖目錄 V 表目錄 V 第一章、緒論 1 第一節、研究動機 1 第二節、研究目的 3 第三節、研究流程 4 第二章、文獻綜述與研究假設 4 第一節、績效表現 4 第二節、制度距離 6 第三節、文化距離 10 第四節、並購經驗 12 第三章、研究方法 14 第一節、研究數據 14 第二節、變數及衡量設置 18 第三節、回歸分析 22 第四章、實證結果 23 第一節、線性回歸檢定 23 第二節、調節變數顯著性檢定 25 第五章、結論與展望 30 第一節、主要結論及學術貢獻 30 第二節、實務建議 32 第三節、研究限制及後續研究建議 34 英文文獻參考 35 中文文獻參考 38 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 並購經驗 | zh_TW |
| dc.subject | 制度距離 | zh_TW |
| dc.subject | 跨國並購 | zh_TW |
| dc.subject | 文化距離 | zh_TW |
| dc.subject | 並購績效 | zh_TW |
| dc.subject | Institutional Distance | en |
| dc.subject | Culture Distance | en |
| dc.subject | Performance of M&A | en |
| dc.subject | M&A Experience | en |
| dc.subject | Cross-border M&A | en |
| dc.title | 制度距離與文化距離對跨國並購績效表現之影響 | zh_TW |
| dc.title | The impact of institutional and culture distances on cross-border merger and acquisition performance | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 連勇智;江藍龍 | zh_TW |
| dc.contributor.oralexamcommittee | Yong-Zhi Lien;Lan-Lung Chiang | en |
| dc.subject.keyword | 跨國並購,文化距離,制度距離,並購績效,並購經驗, | zh_TW |
| dc.subject.keyword | Cross-border M&A,Institutional Distance,Culture Distance,Performance of M&A,M&A Experience, | en |
| dc.relation.page | 38 | - |
| dc.identifier.doi | 10.6342/NTU202303531 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-08-11 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 國際企業學系 | - |
| 顯示於系所單位： | 國際企業學系 | |
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