指導教授：郭瑞祥臺灣大學：商學研究所余舒桓Yu, Shu-HuanShu-HuanYu2014-11-282018-06-292014-11-282018-06-292014http://ntur.lib.ntu.edu.tw//handle/246246/262800本研究嘗試探討組織資源、能力、策略決策與公司績效。我們聚焦於中華民國經濟部所主導的業界開發產業技術計畫（ITDP），選定臺灣的電子產業與生物科技產業中的公司進行取樣與分析。我們從臺灣經濟新報（TEJ）獲取公司的各項公開數據資料，並檢視了組織資源與能力對公司參與業界科專決策的影響，並在控制內生變數的情況下評估其對於公司績效的影響。我們運用了赫克曼（Heckman）所提出的兩階段估計法進行我們的模型設計，以達到控制內生變數的效果。根據我們的研究結果，我們發現公司選擇參與政府補助科技專案的傾向與其所擁有的吸收能力有強烈的正相關性。另外，我們在控制了內生變數之後也可以發現，普遍而言，選擇參與業界科專計劃的公司相較於未參加的公司在績效方面較為優良。本研究也在最後附上管理意涵的深入討論，進一步強調吸收能力對於高科技產業公司的重要性。This study attempts to investigate the relationships among organizational resources and capabilities, strategic choice, and firm performance. Focusing on the Industrial Technology Development Program (ITDP), a R&D subsidy program initiated by the Taiwanese government, we analyze the behavior of Taiwanese high-tech firms in the electronics and biotechnology industry. We examined the relationship between organizational resources and capabilities and the inclination of the strategic choice to participate in the ITDP, and evaluated their respective performance after controlling for endogeneity bias by implementing Heckman’s two-stage estimation procedure. The empirical study employs data from the Taiwan Economic Journal (TEJ), which provides timely verified financial data for all publicly listed companies in Taiwan. Our findings suggest that the tendency of the strategic choice to participate in government subsidized R&D project is strongly correlated with a firm’s absorptive capabilities. Furthermore, we conclude that, in general, firms that choose to participate in the ITDP and undertake government subsidized R&D projects outperform financially to those who do not participate, after controlling for endogeneity bias. Managerial implications were provided and discussed in detail, focusing on the importance of the absorptive capabilities of firms in the high-tech industry.VERIFICATION LETTER FROM THE ORAL EXAM COMMITTEE i ACKNOWLEDGEMENT ii CHINESE ABSTRACT iii ENGLISH ABSTRACT iv TABLE OF CONTENTS 1 LIST OF FIGURES 3 LIST OF TABLES 4 1. INTRODUCTION 5 1.1 Research background and motivation 5 1.2 Research objectives 8 2. BACKGROUND 11 2.1 Literature review 11 2.1.1 Capability-performance relationship 11 2.1.2 Strategy-performance relationship 11 2.1.3 Capability-strategy relationship 12 2.1.4 Capability, strategy and performance 13 2.2 Hypotheses 15 3. RESEARCH METHODOLOGY 21 3.1 Research setting and sample 21 3.2 Measures 22 3.3 Model specifications 25 4. RESULTS 27 4.1 The relationship between organizational resources and capabilities and strategic choice 27 4.2 The endogenous effect of strategic choice on firm performance 28 4.3 Contingency of the relationship between strategic choice and firm performance 29 5. DISCUSSION AND CONCLUSION 34 5.1 Research conclusion 34 5.2 Managerial implications 36 5.3 Limitations and future research 37 REFERENCES 40 APPENDICES 52 Appendix A. Industry Technology Development Program (ITDP) 52 Appendix B. R&D expense, intensity and gross margin in the Taiwanese electronics and biotechnology industry 554499846 bytesapplication/pdf論文公開時間：2014/07/08論文使用權限：同意有償授權(權利金給回饋學校)組織資源吸收能力公司績效政府補助研究發展業界科專thesishttp://ntur.lib.ntu.edu.tw/bitstream/246246/262800/1/ntu-103-R01741058-1.pdf