English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109951/140892 (78%)
Visitors : 46206839      Online Users : 818
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/101006


    Title: 智財權、產權保護程度與投資融資方式對跨國公司對外投資的影響
    Authors: 賴法才;張順教
    Keywords: 對外直接投資;跨國投資;智財權;產權
    multinational firm;foreign direct investment;intellectual property right
    Date: 2010-12
    Issue Date: 2016-08-31 17:10:04 (UTC+8)
    Abstract: 跨國公司利用技術優勢至海外投資生產時，它的投 資管理及籌資策略會與當地政府智財權保護的執行程度 有關。我們証明若當地智財權的執行愈嚴謹，海外子公 司的預期獲利愈高，母公司因此願意投入更多的資源監 督子公司之運作。而且有助於吸引外部投資者入股子公 司。因此，海外投資生產的規模會隨著當地智財權的保 護的增強而增加。如果投資的收益彈性夠大，加強執行 智財權可減輕母公司對海外直接投資的資金負擔比例， 以及有助於外部投資者增加持股。再者，海外投資生產 的融資策略也會影響跨國公司\\r 經營管理子公司，以及當地經理人的生產投入。本研究 發現跨國公司獨資時，子公司的變現清算價格愈高，它 的存續價值就愈低，跨國公司及當地經理人對子公司的 投入愈少。若銀行融資成為跨國公司海外投資資金的一 部分，且產權的保護影響子公司存續價值時，產權對跨 國公司投資及當地經理人生產投入的影響，會依融資方 式的不同而改變。
    Seeking to deploy a leading proprietary technology abroad, a multinational firm takes the host country’s enforcement of intellectual property right (IPR) into his considerations of how to manage the production and finance his investment. We demonstrate that a more secure IPR boosts the multinational’s expected profit of foreign affiliate and hence firm spends more resource to monitor its foreign production to protect its interest. In addition, a higher amount of monitoring encourages more capital flows from external investors to invest the project. The scale of foreign direct investment (FDI) increases as the host country increase its enforcement level of IPR, If the investment elasticity of revenue is large enough, strengthening the enforcement of IPR decreases the share of investment financed by parent company but increase the one financed by external investors. Moreover, the paper analyzes how the finance choices of FDI affect multinational firm’s input to control over its affiliate and its manger’s effort in foreign production while the protection of property right has an impact on firm’s expected revenue but not on its cost of management. We demonstrate that if multinational firm has the ownership of its affiliate, increases in the liquidation value of the affiliate decrease the both inputs of multinational firm and local manager to the affiliate. It is because the higher is the liquidation value, the less the surplus of continuing the affiliate is. However if the FDI is partially financed through a bank credit, the impacts of property right protection on the both inputs vary according multination firm’s financing decision.
    Relation: 政大智慧財產評論, 8(2), 96-139
    NCCU Intellectual Property Review
    Data Type: article
    Appears in Collections:[智慧財產評論] 期刊論文

    Files in This Item:

    File SizeFormat
    index.html0KbHTML2466View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback