题名

A Partial Least Squares and Multiple Criteria Decision-Making Approach on the Determinants of Taiwan Outward FDI in China

并列篇名

以最小平方法和多準則決策方法探討台灣赴中國投資之決定因素

DOI

10.29705/EAR.201009.0005

作者

江怡慧(Yi-Hui Chiang)

关键词

台灣 ; 淨最小平方法 ; 多準則決策 ; 海外直接投資 ; 路徑分析 ; Foreign direct investment FDI ; partial least squares PLS ; path analysis ; multiple criteria decision-making MCDM ; Taiwan

期刊名称

東亞論壇

卷期/出版年月

469期(2010 / 09 / 01)

页次

77 - 100

内容语文

英文

中文摘要

和大多數探討海外直接投資(Foreign Direct Investment; FDI)的實證文獻不同,本文透過淨最小平方法(Partial Least Squares;簡稱PLS)路徑分析之整合模型的建構,包含地主國及母國不同的角度,來研究影響台商赴中國進行海外直接投資的因素。同時,文中亦輔以另一種客觀分析-多準則決策方法進行探討。根據1998-2007年台灣半導體(Integrated Circuit; IC)廠商的資料進行實證分析後發現,母國的投資上限的確會影響廠商赴中國進行FDI,然而,廠商本身的特定因素才是最大的影響因素。

英文摘要

In contrast to most of the existing empirical foreign direct investment (FDI) study on the host country, this paper proposes an integrated model, which includes the determinants not only for the host country, but also for the parent country. A hybrid of object technique-partial least squares (PLS) path model, and a subject technique-multiple criteria decision-making (MCDM) approach, are utilized to investigate the outward FDI of Taiwan in China. Using data of Taiwan's IC firms between 1998 and 2007 resulted by the two approaches, evidences have been found to support the argument that the upper limit regulation of Taiwan's government does affect firms' decisions in making FDI in China, Although the firm-specific determinants dominate the effects.

主题分类 社會科學 > 社會科學綜合
社會科學 > 社會學
参考文献
  1. Hansmann, K. W., Ringle, C. M. 2005. SmartPLS webside, powered by phpBB © 2001, 2005 phpBB Group. http://www.smartpls.de/forum/.
  2. Wright, S. 1921. Correlation and causation. J. Agric. Res. 20, 557-585.
  3. Ang, J. B.(2008).Determinants of foreign direct investment in Malaysia.Journal of Policy Modeling,30(1),185-189.
  4. Baltagi, B. H.,Egger, P.,Pfaffermayr, M.(2007).Estimating models of complex FDI: Are there third-country effects?.J. Econo.,140,260-281.
  5. Barry, F.,Kearney, C.(2006).MNEs and Industrial Structure in Host Countries: A Portfolio Analysis of Irish Manufacturing.J. Int. Bus. Stud.,37,392-406.
  6. Branstetter, L.,Feenstra, R.(2002).Trade and foreign direct investment in China: a political economy approach.J. Int. Econ.,58,335-358.
  7. Buckley, P. J.,Clegg, J.,Wang, C.(2002).The impact of inward FDI on the performance of Chinese manufacturing firms.J. Int. Bus. Stud.,33,637-656.
  8. Caves, R. E.(1971).International corporations: the industrial economics of foreign investment.Economica,18,1-27.
  9. Chen, T.- J.,Ku, Y.- H.(2000).The effect of foreign direct investment on firm growth: the case of Taiwan's manufactures.Jpn. World Econ.,12,153-172.
  10. Chen, Y. K.,Liao, H. C.(2004).Multi-criteria design of an [難字,請見原文]control chart.Comput. Ind. Eng.,46,877-891.
  11. Cheng, L. K.,Kwan, Y. K.(2000).What are the determinants of the location of foreign direct investment? The Chinese experience.J. Int. Econ.,51,379-400.
  12. Choi, J. J.,Jeon, B. N.(2007).Financial factors in foreign direct investments: a dynamic analysis of international data.Res. Int. Bus. Financ.,21,1-18.
  13. Chowdhury, A.,Mavrotas, G.(2006).FDI and growth: What Causes What?.The World Econ.,29,9-19.
  14. Chung, W.,Mitchell, W.,Yeung, B.(2003).Foreign Direct Investment and Host Country Productivity: the American Automotive Component Industry in the 1980s'.J. Int. Bus. Stud.,34,199-218.
  15. Demirbag, M.,Tatoglub, E.,Glaister, K. W.(2007).Factors influencing perceptions of performance: The case of western FDI in an emerging market.Int. Bus. Rev.,16,310-336.
  16. Deng, P.(2007).Investing for strategic resources and its rationale: The case of outward FDI from Chinese companies.Bus. Horizons,50,71-81.
  17. Dunning, J. H.,Kim, Z. K.,Lee, C. -I.(2007).Restructuring the regional distribution on FDI: the case of Japanese and US FDI.Jpn. World Econ.,19,26-47.
  18. Eichengreen, B.,Tong, H.(2007).Is China's FDI coming at the expense of other countries?.J. Jpn. Int. Econ.,21,153-172.
  19. Falk, R. Frank.,Miller, Nancy B.(1992).A Primer for Soft Modeling.Akron:University of Akron.
  20. Fornell, C.(1982).A Second generation of multivariate analysis.New York:Praeger.
  21. Fornell, C.,Bookstein, F. L.(1982).Two structural equation model: LISREL and PLS applied to consumer exit-voice theory.J. Marketing Res.,19,440-452.
  22. Fornell, C.,Larcker, D. F.(1981).Evaluating structural equation models with unobservable variables and measurement error.J. Marketing Res.,18,39-50.
  23. García-Herrero, A.,Santabárbara, D.(2007).Does China have an impact on foreign direct investment to Latin America?.China Econ. Rev.,18,266-286.
  24. Gholami, R.,Lee, S.-Y.,Heshmati, A.(2006).The causal relationship between information and communication technology and foreign direct investment.The World Econ.,29,43-62.
  25. Giner, J. M.,Giner, G.(2004).An interpretative model of foreign direct investment in China: An economic policy approach.China Econ. Rev.,15,268- 280.
  26. Hansen, H.,Rand, J.(2006).On the causal links between FDI and growth in developing countries.The World Econ.,29,21-41.
  27. Hooper, V.,Kim, S. -J.(2007).The determinants of capital inflow: Does opacity of recipient country explain the flow?.Econ. Syst.,31,35-48.
  28. Hulland, J.(1999).Use of partial least squares (PLS) in strategic management research: a review of four recent studies.Strat. Manag. J.,20,195-204.
  29. Hung, C. Y.,Chiang, Y. H.(2008).A Fuzzy MCDM Application for Evaluation of Factoring from the Purchaser's Perspective.J. Am. Acad. Bus., Camb.,13,196-204.
  30. Hymer, S.(1960).The international operations of multinational firms: A study of direct foreign investment.Cambridge, Massachusetts:MIT Press.
  31. Jinjarak, Y.(2007).Foreign direct investment and macroeconomic risk.J. Comp. Econ.,35,509-519.
  32. Johansson, Johny K.,Yip, George S.(1994).Exploiting globalization potential: U.S. and Japanese strategies.Strat. Manag. J.,15,579-601.
  33. Kalotay, K.(2008).Russian transnationals and international investment paradigms.Res. Int. Bus. Financ.,22,85-107.
  34. Lauria, E.J.M.,Duchessi, P. J.(2007).A methodology for developing Bayesian networks: An application to information technology (IT) implementation.Eur. J. Oper. Res.,179,234-252.
  35. Lee, A.,Chen, W. -C.,Chang, C. -J.(2007).A fuzzy AHP and BSC approach for evaluating performance of IT department in the manufacturing industry in Taiwan.Expert Syst. With Appl.,34,96-107.
  36. Li, Yang,Hu, Jin-Li(2002).Technical efficiency and location choice of small and medium-sized enterprises.Small Bus. Econ.,19,1-12.
  37. Madhok, A.(1997).Cost, value and foreign market entry mode: the transaction and the firm.Strat. Manag. J.,18,39-61.
  38. Matlzer, K.,Renzl, B.(2007).The relationship between interpersonal trust, employee satisfaction, and employee loyalty.Total Qual. Manage. Bus.,17,1261-1271.
  39. Mina, W.(2007).The location determinants of FDI in the GCC countries.J. Multinatl. Finan. Manage.,17,336-348.
  40. Ranganathan, C.,Sethi, V.(2002).Rationality in Strategic Information Technology Decisions: The Impact of Shared Domain Knowledge and IT Unit Structure.Decision Sci.,33,59-86.
  41. Raymond, L.,Brisoux, J.,Azami, A.(2001).Marketing information systems practices in small manufacturing firms: antecedents and consequences.J. Comput. Inform. Syst.,41,32-41.
  42. Raymond, L.,Julien, P.A.,Ramangalaby, C.(2001).Technological scanning by small Canadian manufacturers.J. Small Bus. Manage.,39,123-138.
  43. Saaty, T. L.(1980).The Analytic Hierarchy Process.New York:McGraw-Hill.
  44. Saaty, T. L. A(1977).Scaling Method for Priorities in Hierarchical Structures'.J. Math. Psychol.,15,234-281.
  45. Sarker, R. A.,Quaddus, M. A..Modelling a nationwide crop planning problem using a multiple criteria decision making tool.Comput. Ind. Eng.,42,541-553.
  46. Schneider, P. H.(2005).International trade, economic growth and intellectual property rights: A panel data study of developed and developing countries.J. Dev. Econ.,78,529-547.
  47. Temme, D.,Kreis, H.,Hildebrandt, L.(2006).SFB 649 Discussion PapersSFB 649 Discussion Papers,Berlin, Germany:Humboldt University.
  48. Tenenhaus, M.,Pagès, J.,Ambroisine, L.,Guinot, C.(2004).PLS methodology to study relationships between hedonic judgments and product characteristics.Food Qual. Prefer.,16,315-325.
  49. Tenenhaus, M.,Vinzi, V. E.,Chatelin, Y. -M.,Lauro, C.(2005).PLS path modeling.Comput. Stat. Data An.,48,159-205.
  50. Tsai, P. -L.,Huang, C. -H.(2007).Openness, growth and poverty: The case of Taiwan.World Dev.,35,1858-1871.
  51. Tsaur, S. H.,Chang, T. Y.,Yen, C. H.(2002).The evaluation of airline service quality by fuzzy MCDM.Tourism Manage,23,107-115.
  52. Tzeng, G. H.,Teng, M.H.,Chen, J. J.,Opricovic, Serafim(2002).Multicriteria selection for a restaurant location in Taipei.Hosp. Manage.,21,171-187.
  53. Vinzi, V. E.,Wynne, Chin, W.,Henseler, J.,Wang, H.(2008).Handbook of partial least squares: Concepts, methods and applications in marketing and related fields.New York:Springer-Verlag.
  54. Wang, Y.,Lo, H.-P.,Yang, Y.(2004).The constituents of core competencies and firm performance: evidence from high-technology firms in china.J. Eng. Tech. Manage.,21,249-280.
  55. Wixom, B. H.,Watson, H. J.(2001).An empirical investigation of the factors affecting data warehousing success.MIS Quart.,25,17-41.
  56. Xu, W. -G.,Hu, D. -P.,Lei, A. -Z.,Shen, H. -Z.(2008).FDI chaos and control in China.Res. Int. Bus. Finance,22,17-28.
  57. Zhang, Kevin H.(2005).Why does so much FDI from Hong Kong and Taiwan go to Mainland China?.China Econ. Rev.,16,293-307.