我國上市高科技公司轉投資績效之研究

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/52636

Title:	我國上市高科技公司轉投資績效之研究 The Research of High-tech Company Reinvestment Performance of Taiwan’s Listed Companies
Authors:	吳葫進
Contributors:	國際企業管理研究所
Keywords:	轉投資多角化垂直整合購倂績效
Date:	2007
Issue Date:	2023-07-03 15:44:13 (UTC+8)
Abstract:	高科技爲台灣的經濟帶來蓬勃發展，企業成長至一定規模並以全球觀點作為策略考量，面對外部國際競爭壓力情況下、為了追求永續經營，且在上下游廠商進行策略性的合作，以轉投資方式進行對其他公司投以資強化該公司競爭力以及產業上下游佈局，以求企業永續經營理念維持。此外，企業的轉投資過程，以及後續轉投資對企業績效的會對該企業造成正面或者負面影響，確實有値得探討之內容。本研究主要目的在探討我國上市高科技公司轉投資、與績效之間的關係，透過TEJ資料庫獲取原始資料、輔以線性迴歸分析法分析，進一步瞭解轉投資是否對企業績效產生影響。本研究獲得如下結論：(1)前期「業內盈餘」(EBIT)對當期「轉投資」、及當期「轉投資」對於後期「業內盈餘」(EBIT)呈現顯著的正面影響，即企業績效有正面成長；(2)前期「營業外盈餘」對於當期「轉投資」具有正面的影響；(3)「長期負債」對於「長期投資」產生影響，企業傾向利用提高財務槓桿方式(Financial leverage)來提升獲利的機會。 The rapid growth of high-tech industry contributes to Taiwan economic development. Enterprise growth to a certain scale and global perspective as a strategic consideration, to switch investments to other companies for investment memento enhance the competitiveness of companies and industries downstream layout, enterprises in order to maintain sustainable business philosophy. In addition, the transfer of the investment process, and follow-up investments in the performance of the business of the enterprises will have a positive or negative impact, really respectful to explore the contents. The purpose of this study was to investigate the listed high-tech companies to invest and that the relationship between performance. The conclusions were as follows : 1. EBIT early investments in the current period was significantly positive impact and the current investments for the latter part of the trade surplus EBIT showed significant positive impact on corporate performance is a positive growth. 2. The current period reinvestment presents a positive influence to the latter part of outside earning. 3. The long-term debt presents a positive influence to the long-term investment, and the enterprises tend to increase financial leverage to enhance profit opportunities.
Appears in Collections:	[Department of Business Administration & Graduate Institute of International Business Administration ] Thesis

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