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    Title: 陸資股權結構配置的影響因素:以陸資來臺投資為例
    The Determinants of Equity Structure of Foreign Direct Investment in Taiwan:An Empirical Evidence of Mainland China Enterprises
    Authors: 蕭婉庭
    Hsiao, Wan Ting
    Contributors: 翁永和
    Weng, Yung Ho
    蕭婉庭
    Hsiao, Wan Ting
    Keywords: 對外直接投資
    股權結構配置
    陸資來臺
    Date: 2016
    Issue Date: 2016-07-21 10:40:28 (UTC+8)
    Abstract: 2009年經濟部公告《大陸地區人民來臺投資許可辦法》,開啟了第一階段的陸資來臺,期間經三階段產業項目開放,雖仍設有嚴謹的審查及管理機制,但因應中國對外投資及經濟實力的蓬勃發展,陸資來臺未來應仍有極大的成長空間。另投資股權結構配置是跨國企業進行對外直接投資時面臨的第一項決策,爰本研究針對經濟部投審會以臺灣2013年核准大陸地區投資人來臺投資事業營運狀況之調查為基礎,分析其中各項因素對「股權結構配置」的影響,以作為未來陸資來臺股權決策訂定之參考。
    本研究將解釋變數分為「廠商因素」、「資源移轉因素」、「策略因素」及「政策因素」進行探討,經由Tobit Model進行實證後發現,「資源移轉因素」中的「投資規模」及「技術來源」與「政策因素」中的「進入時間」通過顯著性檢定,為影響陸資來臺股權結構配置的決定因素,而「策略因素」中的「內銷市場動機」,則是在不考慮「技術來源」時,方成為決定因素。本研究實證結論可歸納,當陸資廠商投資規模越低、技術來源為母公司、進入時間越早或不考慮技術來源且動機為內銷市場時,持有股權比例越高。
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    網站資料
    經濟部投資審議委員會(2016),105年5月核准僑外投資、陸資來臺投資、國外投資、對中國大陸投資統計速報,2016年6月20日,取自http://www.moeaic.gov.tw/
    OECD, “Glossary of Foreign Direct Investment Terms and Definitions.” http://www.oecd.org/
    Description: 碩士
    國立政治大學
    行政管理碩士學程
    103921011
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103921011
    Data Type: thesis
    Appears in Collections:[行政管理碩士學程(MEPA)] 學位論文

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