题名

影響產品多角化策略之要素分析-以在台子公司為例

并列篇名

The Determinants of Product Diversification Strategy - In the Case of the Foreign Firms Invested in Taiwan

DOI

10.3966/199553922018031201002

作者

陳律睿(Lu-Jui Chen);劉峰旭(Feng-Hsu Liu);葉文心(Wen-Hsin Yen)

关键词

公司規模 ; 管理團隊異質化 ; 制度環境 ; 國際投資經驗 ; 承諾 ; firm size ; TMT heterogeneity ; institutional environment ; international experience ; commitment

期刊名称

多國籍企業管理評論

卷期/出版年月

12卷1期(2018 / 03 / 01)

页次

23 - 44

内容语文

繁體中文

中文摘要

在競爭激烈的全球環境下,跨國企業在進行海外直接投資時,會顧慮到是否採取多角化的策略。而新產品領域的拓展,不論是相關多角化或是非相關多角化,都是公司成長策略的重要部分。本研究主要探討一個問題:什麼樣的因素會影響企業採取多角化的策略。本研究透過39家跨國企業在台子公司的資料進行分析,結果顯示管理團隊異質化對於產品多角化程度具有顯著影響。除了產品多角化對於持續投資具有顯著影響關係外,經驗則是扮演重要的干擾變數角色。

英文摘要

In a highly competitive global environment, multinational enterprises (MNEs) will be concerned about how to adopt a diversification strategy when conducting foreign direct investment. The expansion of new product areas, whether related diversification or irrelevant diversification, is an important part of the company's growth strategy. This study mainly discusses a question: what kind of factors will affect firm to adopt strategy for diversification. This study analyzed the data of 39 subsidiaries invested in Taiwan. The results show that the top management team heterogeneity has a significant impact on the degree of product diversification. In addition to product diversification, which has a significant impact on continuous investment, experience plays an important role as the moderating variable.

主题分类 社會科學 > 管理學
参考文献
  1. 于卓民、翁煌哲(2006)。循序漸進的海外投資策略:以台灣資訊電子零組件產業對中國投資為例。管理評論,25(1),47-68。
    連結:
  2. 方世榮、黃瓊瑤、石渼華(2007)。探討信任之前置因素與結果─以醫藥產業為實證。交大管理學報,27(1),1-32。
    連結:
  3. 張義杰、高銘淞、邱志芳(2012)。文化距離之雙重立論與地主國制度環境之調節效果。中山管理評論,20(3),731-773。
    連結:
  4. 彭台光、高月慈、林鉦棽(2006)。管理研究中的共同方法變異:問題本質、影響、測試和補救。管理學報,23(1),77-98。
    連結:
  5. Casillas, J. C.,Moreno-Menéndez, A. M.(2013).Speed of The Internationalization Process: The Role of Diversity and Depth in Experiential Learning.Journal of International Business Studies,45(1),85-101.
  6. Cerrato, D.(2006).The Multinational Enterprise as an Internal Market System.International Business Review,15(3),253-277.
  7. Chatterjee, S.,Wernerfelt, B.(1991).The Link Between Resources and Type of Diversification Theory and Evidence.Strategic Management Journal,12(1),33-48.
  8. Chemmanur, T. J.,Paeglis, I.(2005).Management Quality, Certification, and Initial Public Offerings.Journal of Financial Economics,76(2),331-368.
  9. Chiao, Y. C.,Yu, C. M. J.,Li, P. Y.,Chen, Y. C.(2008).Subsidiary Size, Internationalization, Product Diversification, and Performance in An Emerging Market.International Marketing Review,25(6),612-633.
  10. Chung, H. J.,Chen, C. C.,Hsieh, T. J.(2007).First Geographic Expansion of Startup Firms: Initial Size and Entry Timing Effects.Journal of Business Research,60(4),388-395.
  11. Delios, A.,Henisz, W. J.(2003).Political Hazards, Experience, and Sequential Entry Strategies: The International Expansion of Japanese Firms, 1980-1998.Strategic Management Journal,24(11),1153-1164.
  12. Delios, A.,Xu, D.,Beamish, P. W.(2008).Within-Country Product Diversification and Foreign Subsidiary Performance.Journal of International Business Studies,39(4),706-724.
  13. Du, M.,Boateng, A.(2015).State Ownership, Institutional Effects and Value Creation in Cross-Border Mergers and Acquisitions by Chinese Firms.International Business Review,24(3),430-442.
  14. George, R.,Kabir, R.(2012).Heterogeneity in Business Groups and the Corporate Diversification–Firm Performance Relationship.Journal of Business Research,65(3),412-420.
  15. Gruen, T. W.,Summers, J. O.,Acito, F.(2000).Relationship Marketing Activities, Commitment, and Membership Behaviors in Professional Associations.Journal of Marketing,64(6),34-49.
  16. Gyan, A. K.,Brahmana, R.,Bakri, A. K.(2017).Diversification Strategy, Efficiency, And Firm Performance: Insight From Emerging Market.Research in International Business and Finance,42,1103-1114.
  17. Huett, P.,Baum, M.,Schwens, C.,Kabst, R.(2014).Foreign Direct Investment Location Choice of Small- and Medium-Sized Enterprises: The Risk of Value Erosion of Firm-Specific Resources.International Business Review,23(5),952-965.
  18. Hutzschenreuter, T.,Horstkotte, J.(2013).Performance Effects of Top Management Team Demographic Faultlines in the Process of Product Diversification.Strategic Management Journal,34(6),704-726.
  19. Kang, J.(2013).The Relationship Between Corporate Diversification and Corporate Social Performance.Strategic Management Journal,34(1),94-109.
  20. Kotabe, M.,Srinivasan, S. S.,Aulakh, P. S.(2002).Multinationality and Firm Performance: The Moderating Role of R and D and Marketing Capabilities.Journal of International Business Studies,33(1),79-97.
  21. Lee, J.-W.,Song, H.-S.,Kwak, J.(2014).Internationalization of Korean Banks During Crises: The Network View of Learning and Commitment.International Business Review,23(6),1040-1048.
  22. Lee, T. W.,Ashford, S. J.,Walsh, J. P.,Mowday, R. T.(1992).Commitment Propensity, Organizational Commitment, and Voluntary Turnover: A Longitudinal Study of Organizational Entry Processes.Journal of Management,18(1),15-32.
  23. Liao, T.-J.(2015).Local Clusters of SOEs, POEs, and FIEs, International Experience, and The Performance of Foreign Firms Operating in Emerging Economies.International Business Review,24(1),66-76.
  24. Lu, J.,Liu, X. Filatotchev, I.,Wright, M.(2014).The Impact of Domestic Diversification and Top Management Teams on the International Diversification of Chinese Firms.International Business Review,23(2),455-467.
  25. Lu, J.,Liu, X.,Wright, M.,Filatotchev, I.(2014).International Experience and FDI Location Choices of Chinese Firms: The Moderating Effects of Home Country Government Support and Host Country Institutions.Journal of International Business Studies,45(4),428-449.
  26. Luis, R. J.(2012).Diversity and Internationalization: The Case of Boards and TMT's.International Business Review,21(1),1-12.
  27. Maekelburger, B.,Schwens, C.,Kabst, R.(2012).Asset Specificity and Foreign Market Entry Mode Choice of Small and Medium-Sized Enterprises: The Moderating Influence of Knowledge Safeguards and Institutional Safeguards.Journal of International Business Studies,43(5),458-476.
  28. Marlin, D.,Lamont, B. T.,Geiger, S. W.(2004).Diversification Strategy and Top Management Team Fit.Journal of Managerial Issues,16(3),361-381.
  29. Michel, J. G.,Hambrick, D. C.(1992).Diversification Posture and Top Management Team Characteristics.Academy of Management Journal,35(1),9-37.
  30. Nadkarni, S.,Perez, P. D.(2007).Prior Conditions and Early International Commitment: the Mediating Role of Domestic Mindset.Journal of International Business Studies,38(1),160-176.
  31. Nadolska, A.,Barkema, H. G.(2014).Good Learners: How Top Management Teams Affect The Success and Frequency of Acquisitions.Strategic Management Journal,35(10),1483-1507.
  32. Papadopoulos, N.,Martín Martín, O.(2010).Toward a Model of The Relationship Between Internationalization and Export Performance.International Business Review,19(4),388-406.
  33. Rowe, W. G.,Wright, P. M.(1997).Related and Unrelated Diversification and Their Effect on Human Resource Management Controls.Strategic Management Journal,18(4),329-338.
  34. Sahaym, A.,Nam, D.(2013).International Diversification of The Emerging-Market Enterprises: A Multi-Level Examination.International Business Review,22(2),421-436.
  35. Shirodkar, V.,Mohr, A. T.(2015).Explaining Foreign Firms' Approaches to Corporate Political Activity in Emerging Economies: The Effects of Resource Criticality, Product Diversification, Inter-Subsidiary Integration, and Business Ties.International Business Review,24(4),567-579.
  36. Su, W.,Tsang, E. W. K.(2014).Product Diversification and Financial Performance: The Moderating Role of Secondary Stakeholders.Academy of Management Journal,58(4),1128-1148.
  37. Tallman, S.,Li, J.(1996).Effects of International Diversity and Product Diversity on the Performance of Multinational Firms.Academy of Management Journal,39(1),179-196.
  38. Tihanyi, L.,Ellstrand, A. E.,Daily, C. M.,Dalton, D. R.(2000).Composition of the Top Management Team and Firm International Diversification.Journal of Management,26(6),1157-1177.
  39. Wu, J.,Wu, Z.,Zhuo, S.(2015).The Effects of Institutional Quality and Diversity of Foreign Markets on Exporting Firms' Innovation.International Business Review,24(6),1095-1106.
  40. Wu, W. Y.,Lin, C. Y.(2010).Experience, Environment, and Subsidiary Performance in High-Tech MNEs.Journal of Business Research,63(12),1301-1309.
  41. 吳思華(2000)。策略九說:策略思考的本質。台北市:臉譜出版。
  42. 林谷合、陳亮君、歐珏竹、曾為國(2014)。聯盟動機與承諾對聯盟績效及聯盟維持之影響─以台灣MIT微笑標章聯盟為例。中小企業發展季刊,32,1-36。