海外投資對多國籍企業績效關聯之實證研究-區域不動產價值之影響;The Relationship between overseas investments of multinational enterprises and performance-Impact of regional real estate values

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Title:	海外投資對多國籍企業績效關聯之實證研究-區域不動產價值之影響;The Relationship between overseas investments of multinational enterprises and performance-Impact of regional real estate values
Authors:	黃玉晴;HUANG, YU-CHIN
Contributors:	會計與資訊科技學系碩士在職專班
Keywords:	多國籍企業;海外投資;不動產價值;Real estate value;Multi - nationality enterprise;Overseas investment
Date:	2017
Issue Date:	2019-07-17
Publisher:	會計與資訊科技學系碩士在職專班
Abstract:	過去文獻曾提出資本流入鴻運現象(capital inflows bonanzas)，並認為地區不動產價格會在大規模的資本流入後呈現上漲的趨勢。本研究則透過分析台灣之多國籍企業，發現當公司海外投資規模越高時績效表現反而較差，推論可能原因為管控距?較遠、文化及語言隔閡、技術上的差?與消費者偏好等因素，?會增加額外成本。尤其是電腦及設備周邊產業進行海外設廠時，通常需購置廠房土地、添購大規模的機器設備以供生產，其資金龐大，導致多國籍企業平均的績效反而愈差。最後在區域不動產價值構面部分，研究結果則顯示全球加權房產價格的確會影響多國籍企業績效，代表多國籍企業於房產價格越低時購置廠房，對多國籍企業績效越有利。 Prior studies once documented the phenomenon of the capital inflows bonanzas. Namely, real estate prices will go up after a large scale capital inflow. Employing multi-national enterprises in Taiwan, this study finds that companies with higher overseas investment have lower financial performance. This may arises from far distance, cultural and language barriers, differences in technology and consumer preferences, etc. In particular, the demand for large fund to purchase property, equipment, and set up factories overseas in the computers and the associated peripherals industry contributes to the underperformance of these multi-national enterprises. From the real estate price perspective, results show that global weighted real estate prices do affect the performance of multi-national enterprises, implying that performance will be higher when multi-national enterprises purchase real estate at a lower price.
Appears in Collections:	[會計與資訊科技研究所] 學位論文

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