台商對中國大陸投資佈局與產業群聚之研究
Other Title
A Study of Taiwanese Firm’s Investment Strategy in Mainland
China and the Effect of Industry Cluster
China and the Effect of Industry Cluster
Date Issued
2003
Date
2003
Author(s)
DOI
912416H002044
Abstract
Since 1980, the driver of worldwide
economic integration has been shifted from
international trade to foreign direct investment.
Traditionally, sources of foreign direct
investment have come from US, Great Britain,
Japan and Germany which accounted for two
thirds of the worldwide foreign direct
investment. Since 1990, however, China has
emerged as the largest destination of foreign
direct investment and Taiwan also emerged as
one of the major sources of direct investment
in China. The primary objective of this
research, therefore, is to study in depth the
investment behavior of Taiwanese firms in
China as a basis of formulating government
policy and business strategy.
A wide body of literature has targeted
foreign direct investment. Typically, this
research stream has studied why, how, where
and who may engage in foreign direct
investment. When to invest and industry clusters consisted of foreign firms, however,
have been rarely mentioned in the foreign
direct investment literature. Casual
observation reveals that Taiwanese firms
exhibit a similar pattern behavior toward
investment in China. They tend to invest in
the same time and at the same location, a
phenomenon hardly can be explained by
traditional foreign direct investment theory.
Major findings of this study include: 1.
The numbers of prior entry will positively
affect the likelihood of timing decision of a
focal firm. This clearly indicates that
herding behavior in time dimension exists in
Taiwanese firms’ foreign investments in
Mainland China. In addition, firms of larger
scale will later enter into Mainland China. 2.
The numbers of prior entry will positively
affect the firm’s likelihood of choosing a
regional cluster as its entry location. This
piece of evidence implies the existence of
herding behavior in location of Taiwanese
firms for their investments in Mainland China.
However, firms with a greater technical
competence tend to deviate from the regional
cluster when entering into Mainland China.
We employ the hazard rate model in
event history analysis to study both the cluster
and the timing of entry of investment in China
by Taiwanese firms. The findings of this
research, thorough scientific methods, intends
to shed more lights on Taiwanese firm’s
investment behavior in China in order to
further address both government policy and
firm entry strategy issues.
Subjects
Foreign Direct Investment
Industry Cluster
Entry Strategy
SDGs
Publisher
臺北市：國立臺灣大學國際企業學系暨研究所
Type
report
File(s)![Thumbnail Image]()
Loading...
Name
912416H002044.pdf
Size
62.12 KB
Format
Adobe PDF
Checksum
(MD5):87bf0056312ff615c5c38016073476d1