Department of Economics, National Taiwan University; Department of Finance, Jinwen University of Science and Technology國立臺灣大學經濟系; 景文科技大學財務金融系林惠玲陳正倉詹立宇2017-09-082018-06-282017-09-082018-06-282009-09http://ntur.lib.ntu.edu.tw//handle/246246/282116http://ntur.lib.ntu.edu.tw/bitstream/246246/282116/1/3703_200909_1.pdfThis paper investigates the relationship between attributes of firms and the timing of foreign direct investment. Based on foreign investment data from Taiwan's manufacturing sector, the models are estimated using a split population model. Empirical results show that relative timing had a significantly positive influence on the probability of foreign direct investment during the period 1992-2002. In addition, results generally confirm the hypotheses that prior investors in the host country, cost of investment and firm size, as well as possession of technological ability, vertical integration and investment risk, are significantly related to early FDI. The evidence also shows that timing of FDI is affected by exports. Finally we note that the determinants of timing and probability differ for investment in mainland China, South-east Asia, and developed countries.本文利用台灣製造業廠商對外投資的資料，探討台灣製造業廠商對外投資時點之選擇。實證研究方法採用Split population regression方法。實證結果發現：在1992-2002年間，對外投資的機率呈長期上升的趨勢。此外，實證結果也發現：當同產業早期對外投資家數愈多、產業投資成本越小、廠商規模愈大、技術能力愈強、垂直整合程度愈大、地主國愈具優勢、出口比率愈高、地主國投資風險愈小，則廠商會縮短最佳對外投資的時間，同時在各時點上投資機率會增加。又由實證結果進一步得知，影響廠商對中國大陸、東南亞及先進國家投資的時點與機率之因素各有不同。17755829 bytesapplication/pdf對外投資時點存活分析製造業廠商Timing of FDISurvival analysismanufacturing firms[SDGs]SDG10journal articlehttp://ntur.lib.ntu.edu.tw/bitstream/246246/282116/1/3703_200909_1.pdf