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    政大機構典藏 > 商學院 > 金融學系 > 學位論文 >  Item 140.119/59308
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/59308


    Title: 研究發展支出與企業經營績效之攸關性 -以我國半導體上市上櫃公司為例
    The Relation between High-Tech Firm’s R&D Expenditure and Operating Performance – A Case on Semiconductor Industry in Taiwan
    Authors: 林今煥
    Contributors: 李桐豪
    林今煥
    Keywords: 研究發展
    經營績效
    遞延效果
    半導體產業
    積體電路
    Date: 2012
    Issue Date: 2013-09-02 16:04:19 (UTC+8)
    Abstract: 研究發展支出是研究半導體產業的學者所關注的重要議題,在當今日新月異的科技進步之中,企業的研發能力是關鍵所在,又我國的半導體產業之興衰可直接影響到整個國家經濟的發展,故探討半導體產業企業經營績效與企業價值的議題是非常重要的。因此本研究將以我國半導體產業上市上櫃公司為例,探討企業研發支出與企業經營績效及企業價值之攸關性。
    實證結果發現,在整個半導體產業中,研發支出帶來之效益會遞延到第二年才實現,而在當期研發支出對當期經營績效有負面影響,此因當期企業費用大增之影響。而在半導體產業中的IC設計產業,研發支出效益遞延到第一年實現,並持續顯著到第二年;IC製造業方面,研發支出效益遞延到第二年實現;最後IC封測業方面,研發支出遞延到第一年實現,但僅持續一年。
    Reference: 中文文獻
    吳佳瑋,2006,研發投入與產出對於企業經營績效之遞延效果-以我國電子業上市上櫃公司為例,國立政治大學會計學系碩士班碩士論文。
    吳佳穎,2000,台灣資訊電子產業研究發展活動與公司經營績效之研究,國立交通大學科技管理研究所博士論文。
    巫振嘉,2005,研發支出、槓桿與托賓Q之關係─台灣資訊電子業之實證研究,中原大學國際貿易研究所碩士論文。
    李淑華,2003,產業價值鏈知識密度與企業績效,國立台灣大學會計學研究所博士論文。
    李慕萱、齊德彰、游尹璧2012,研發強度與企業價值之關聯性研究,財經學術研討會論文。
    林宛瑩、汪瑞芝、游順合2012,研發支出、內部董事與經營績效,會計審計論叢,2(1),61-90。
    林美倫,2007,研發支出對經營績效及股權評價影響之研究,台南科大學報,26,115-134。
    黃雅苓,1998,研究發展支出與經營績效關係及其費用化之探討-以台灣上市公司之電子業與非電子業為例,國立政治大學會計學研究所碩士論文。
    黃雅媚,2008,高科技產業試驗研究費對公司評價影響之研究,大葉大學會計資訊研究所碩士論文。
    劉正田,2001,研發支出資本化之會計基礎股權評價,會計評論,33,1-26。
    劉正田、林修葳、金成隆,2005,創新價值鏈之路徑分析:企業研發投資成效之實證研究,管理評論,23,29-56。
    歐進士,1998,我國企業研究發展與經營績效關聯性之實證研究,中山管理評論,6,357-386。
    英文文獻
    Aboody, D., and Lev, B. (2001). R&D Productivity in the Chemical Industry. Working paper, New York University, 36 pages.
    Chan, S. H., Martin, J. D., and Kensinger, J. W. (1990). Corporate Research and Development Expenditures and Share Value. Journal of Financial Economics, 26, 255-276.
    Del Monte, A., and Papagni, E. (2003). R&D and The Growth of Firms: Empirical Analysis of A Panel of Italian Firms. Research Policy, 32, 1003-1014.
    Deng, Z., Lev, B., and Narin, F.(1999). Science and Technology as Predictors of Stock Performance. Financial Analysts Journal, 55, 20-32.
    Green, J. P., Stark, A. W., and Thomas, H. M. (1996). UK Evidence on the Market Valuation of Research and Development Expenditures. Journal of Business Finance and Accounting, 23, 191-216.
    Hirschey, M., and Weygandt, J. (1985). Amortization Policy for Advertising and Research and Development Expenditures. Journal of Accounting Research, 23, 326-335.
    Hughes, J.P. (2008). R&D and Dividend Payments as Determinants of Corporate Value in the UK. International Journal of Managerial Finance, 4, 76-91.
    Kuo, T., and Wu, A. (2006). The Impact of Ownership Structure and Foreign Capital on Organizational Innovation and Performance: an Examination of Taiwan’s Electronics Industry. The 2006 AAA Annual Meeting, August. Washington, D.C., U.S.A.
    Lev, B., and Sougiannis, T. (1996). The Capitalization, Amortization and Value-Relevance of R&D. Journal of Accounting and Economics, 21, 107-138.
    Lev, B., and Zarowin, P. (1999). The Boundaries of Financial Reporting and How to Extend Them. Journal of Accounting Research, 37, 353-389.
    Mank, D. A., and Nystrom, H. E. (2001). Decreasing Returns to Shareholders from R&D Spendingin the Computer Industry. Engineering Management Journal, 13, 3-8.
    Megna, P. and Klock, M. (1993). The Impact of Intangible Capital on Tobin’s Q in the Semiconductor Industry. American Economic Review, 83, 265-269.
    Morbey, G. K. (1989). R&D Expenditures and Profit growth. Research Technology Management, 32(3), 20-23.
    Mojtahedzadeh, V., and Abedi, Z. (2010). The Effect of Research and Development(R & D) Expenditures on Firms Value. International Review of Business Research Papers, 6, 187-200.
    Sougiannis, T. (1994). The Accounting Based Valuation of Corporate R&D. The Accounting Review, 69, 44-68.
    Wakasugi, R., and Koyata, F. (1997). R&D, Firm Size and Innovation Outputs: Are Japanese Firms Efficient in Product Development? Journal of Product Innovation and Management, 14, 383-392.
    Description: 碩士
    國立政治大學
    金融研究所
    100352016
    101
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0100352016
    Data Type: thesis
    Appears in Collections:[金融學系] 學位論文

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