Dissertations / Theses on the topic 'FDI location choice'

This thesis aims to contribute to the understanding of the relationships between foreign direct investment (FDI) motives and the location choice of internationalising firms. Based on data from South Korea, this thesis comprises three empirical chapters examining, from different aspects, South Korean internationalisation. The first empirical chapter is conceptualised work, exploring how South Korean firms invest abroad. It covers the way in which South Korean firms give consideration to 1) the economic structure and the dynamic country specific advantages in the host and home countries, 2) the growth of firms in emerging countries, and 3) their own competitiveness through the strategic- use of assets such as technology. These location choice strategies very with the host countries. Additionally, it examines the Korean outward FDI model by distinguishing between the motives for FDI, and discusses the development over time of the relationship between South Korean FDI motive and location choice, and it then identifies trends. The second empirical chapter analyses, by motive, factors that influence South Korean firms to locate their foreign subsidiaries in China. It discusses the factors by province, and takes into account the impact of the global financial crisis upon the location choice (by Chinese province) of South Korean firms. The third chapter studies how South Korean firms locate their FDI in the United States in order to obtain a strategic asset. It examines the relative importance of various location determinants of Korean high-tech industries and knowledge-intensive services. Specifically, the empirical works study how Korean firms internationalise. South Korean outward FDI in developing countries is mainly for the purpose of efficiency-seeking and export promotion motives; these transform over time to efficiency-seeking and market-seeking. On the other hand, the initial motivations for investing in developed countries were strategic asset-seeking and export promotion motives; these then developed into strategic asset-seeking and market-seeking FDI.

This thesis examines host location determinants of FDI in the context of EU15 countries using both a macro and a micro dataset. At the macro level, the analysis is conducted on a panel of EU15 inward FDI flows in order to identify the major host-country factors attracting FDI and the prevalent strategic motivations of the MNE into countries. After distinguishing between core and periphery EU15 countries and between investments from different parts of the world, we conclude that major differences exist in MNE motivation according to economic development levels and firm nationality. At the micro level we employ a different dataset of FDI projects into UK regions and examine the location decision of the MNE, first based on firm-specific attributes only and then based on firm-specific as well as region-specific characteristics. Our conclusions from this analysis are that London is the region which benefits most from inward investment and that regional specialisation is the single most important host location factor for regional FDI attraction.

碩士
淡江大學
產業經濟學系
92
In the trend of globalization, foreign direct investment (FDI), establishment of the multinationals, and global production and marketing chain have become one of the important strategies Taiwanese manufacturers use to take the global market by attack outward. Due to different stages of economic development among countries, variances occur in firms’ product preference and factor endowment and will influence investing firms’ profit as well. In the past, the evidences of relevant theories are well tested in developed economies. Therefore, it is necessary to address newly theoretical hypotheses of FDI for Taiwan in the stage of rapid economic development. Because firms’ FDI locational choices would be influenced by the factors including the relationships of network linkages the firms in Taiwan excel in establishing, the active search for advanced technology, the superiority in research, development, and innovation, and the establishment of multinationals from development potential for local markets, our hypotheses take account of these factors. The manufactures FDI survey data used in the present study was compiled by the Statistics Department of the Ministry of Economic Affairs in Taiwan. This study set up Probit regression model and bivariate Probit with sample selection model to empirically examine locational and industrial choices, but our main focus is firms’ FDI locational decision. Also, this study compared the factors affecting FDI locational and industrial decisions of information and electronics industries with those of non-information and electronics industries. Our empirical results regarding locational choices show that the probability that the firms prefer to penetrate a high-income country is higher for firms holding one of the characteristics including origination from domestic information and electronics industries, domestic information and electronics industry firms belonging in lower-labor density, large-scale asset, higher research and development density, technology-seeking motives, larger development potential for local markets, lower level of labor input and lower investment in networking relationships. Comparing locational choices in different industry groups, there is higher probability of FDI’s being in high-income countries when information and electronics industries hold larger-scale asset, domestic research and development sector, desire for advanced technology, market-oriented motives, and disregard of labor input and the relationships of network linkages. Non-information and electronics industries have higher probability of FDI’s being in high-income countries only when holding large-scale asset, technology-seeking motives, and disregard of labor input and the relationships of network linkages. As for industrial choices, the empirical results indicate that when firms coming from domestic information and electronics industries invest in low-middle income countries, they would tend to invest in the same sector abroad. Whether firms invest in high-income or low-middle income countries, both the overseas operation with main dependence on labor input and the relationships of network linkages make firms determine to invest in the information and electronics industry. Comparing industrial choices in different industry groups, whether firms invest in high-income or low-middle income countries, information and electronics industries would invest in the same sector abroad when they emphasize labor input and the relationships of network linkages. Non-information and electronics industries that invest in high- income countries would invest in the same sector abroad only when the overseas operation depends mainly on labor input. However, they would not be influenced by any factors while investing in low-middle income countries. In addition to arguing previous literature of locational choices, our study take account of the choices of industry. This study has proved over relevant hypotheses of locational choices. Also, to discuss industrial choices under the consideration of different locations, although we could more explain strategic decisions about FDI of different firms, we couldn’t suggest many factors to explain the industrial choices, which may be a prospective goal we will attempt to achieve in many aspects in the future.

碩士
中國文化大學
國際企業管理學系碩士在職專班
102
The world is facing a severe economic downturn; Taiwan's own domestic demand due to the lack of dense population characteristics, coupled with the lack of natural resources the natural formation of a small open economy, land and other features dramatic increase, making the international business investment strategies and corporate competitiveness and survival are closely related, but also the optimal way to Taiwan's economic growth, Taiwan has always had the reputation of "Computer kingdom", but in recent years, with IT hardware output saturation before the ball IT hardware market and the increasingly slowing Taiwan's densely populated, lack of natural resources, but Taiwan has a strong financial professionals, and the height of technology, suitable for the development consumes fewer resources , lower level of environmental pollution and emphasis on knowledge and capital-intensive information technology industry, and the development of new markets in Asia also is the first Taiwan-funded enterprises, thus determining factor for in-vestment in Asia District location choice, before becoming the desired investment enterprises important issues facing this study Ghemawat (2001) proposed CAGE model, and separately for Culture , Administrative , Geography and Economic of the four dimensions, from the information industry relations perspectives on the investment environment in Asia interval difference between location choice, in order to understand the decisive factor for investment in the Asian region and investment location choice.

碩士
中國文化大學
國際企業管理學系碩士在職專班
103
The world is facing a severe economic downturn; Taiwan's own domestic demand due to the lack of dense population characteristics, coupled with the lack of natural resources the natural formation of a small open economy, land and other features dramatic increase, making the international business investment strategies and corporate competitiveness and survival are closely related, but also the optimal way to Taiwan's economic growth, Taiwan has always had the reputation of "Computer kingdom", but in recent years, with IT hardware output saturation before the ball IT hardware market and the increasingly slowing Taiwan's densely populated, lack of natural resources, but Taiwan has a strong financial professionals, and the height of technology, suitable for the development consumes fewer resources , lower level of environmental pollution and emphasis on knowledge and capital-intensive information technology industry, and the development of new markets in Asia also is the first Taiwan-funded enterprises, thus determining factor for investment in Asia District location choice, before becoming the desired investment enterprises important issues facing this study Ghemawat (2001) proposed CAGE model, and separately for Culture , Administrative , Geography and Economic of the four dimensions, from the information industry relations perspectives on the investment environment in Asia interval difference between location choice, in order to understand the decisive factor for investment in the Asian region and investment location choice

Wang, Kai.
Thesis (M.Phil.)--Chinese University of Hong Kong, 2013.
Includes bibliographical references (leaves 85-88).
Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web.
Abstracts also in Chinese.

碩士
國立中正大學
國際經濟研究所
100
Abstract This thesis aims to explore the main determinants of FDI location choice of 959 Taiwanese manufacturing firms over the period of 2000-2010. By using the nested logit model that considers not only the host country characteristics but also the firm heterogeneity, we draw the following conclusions. Firstly, from the aspect of country characteristic, Taiwanese firms usually invest more in host countries which have relatively lager market potential size. Secondly, as for firm characteristic, relatively to invest in China, firm heterogeneity is indeed the major determinant of FDI location choice of Taiwanese firms. Keywords: nested logit model; firm heterogeneity; location choice; FDI

碩士
中國文化大學
國際企業管理學系碩士在職專班
101
China is always the largest number of Taiwanese MNEs FDI to invest in overseas markets, but foreign investment in China is very obvious differences in the of location choice. Investment determinants of location selection, This study uses Ghemawat(2001) CAGE model , to Cultural, Administrative, Geographic and Economic in four dimensions, From the perspective of Taiwanese MNEs, explore the difference of investment environment in the China provinces relationship between location selection. To understand Taiwanese MNEs on the China in the past by decisive factor in the location choice of investments and investment zones in the province. Research results show that effects of Taiwan businesses to China provinces and location selection for Chinese mainland provinces of the four cultural, administrative, geographical and economic dimensions are significantly positive. This major study found, Taiwanese investments in mainland China on the Location Choice of cultural distance does not significantly higher, local government administrative efficiency to attract foreign investment has a very important and positive impact on the effectiveness of. Region local government more efficient and smaller geographical distance and economic distances, were future foreign direct investment have a positive effect, outside the area of the future the higher the amount of direct investment. In addition, provinces in the Eastern and central regions, geographical distance and two framed face more into the western regions economic distance gap is still large, after narrowing the gap have to control other relevant factors in order to attract more investment from Taiwanese MNEs.

碩士
國立雲林科技大學
企業管理系碩士班
94
In the recent years, due to the external issues such as, low cost advantage of developing country manufacture product、the pressure caused by the protectionism of developed country, and the internal issues, such as appreciation of Taiwan dollar、salary rising and eco-awareness, in droves of enterprises in Taiwan move toward to invest abroad, hoping to find the suitable location to lower their production cost, in order to increase the competitiveness in the globe market. Among all the countries in the world, China and Vietnam are the most popular location for Taiwanese enterprises when choosing investment spot. Therefore, this study uses case study as the research method, take samples on Taiwanese enterprises who chosen China or Vietnam as their first time oversea investment location, to investigate their enterprises advantage、oversea investment location selection and local network strategy co-relation. This study uses resource-based to interpret enterprise advantage which includes internal resources advantage and external network relation. After information collection and personal interview on 10 Taiwanese enterprises, he information was reorganized and analyzed, and the result are shown in the follow: 1. Resources advantage has influence on network related business operation 2. Investment region selection is not influence by resources advantage. 3. Investment location selection often influence by network relation 4. Foreign investment business often pay attention to local network management, such as the communication with the local government 5. Resources advantage has influences on local network relation. 6. The original network relation has influences on local network relation 7. The investment region selection has influences by local network relation

碩士
淡江大學
產業經濟學系
90
Taiwan’s manufacture SMEs play an essential role in Taiwan’s rapid development of economy. It improves citizens’ living standard, but it also brings disadvantage of negative effect for the economy development. Recently, with the changes in the economical environment, low-middle-income countries’ profitable manufacturing conditions, and business international development, the manufacturers in Taiwan shift their investment abroad. The hypothesis of this research is based on FDI theory. The data of the survey is collected from Statistics of “Taiwan Manufactures FDI Survey” in 2000. The sample is present FDI firms, and this report uses probit model to analyze the factors of the location choice and uses ordered probit model to analyze the factors of the propensity of FDI. Then the research is compared with different enterprises size in the real factors of both. According to the empirical studies of the location choice, when the size of domestic enterprises is smaller, there are higher probabilities for enterprises FDI in high-income countries. This is the most different discovery to pre-research. This conclusion also shows that Taiwan’s small-medium enterprises (SMEs) specialize to those in other countries. When the overseas are large, setting up the research and development sector in domestic, being optimistic to Taiwan’s boom, enlarging the size of manufacture in domestic, and not to emphasize the relationship of network linkages, there are higher probabilities FDI for them in high-income countries. Compared with different enterprises’ sizes, there are higher probabilities FDI in high-income countries when enterprises’ sizes are large overseas, setting up research and development sector, being optimistic in Taiwan’s boom, enlarging the size of manufacture in domestic, and not to emphasize the relationship of network linkages for small enterprises. Medium enterprises either have higher probabilities FDI in high-income countries when enterprises sizes are large overseas and setup research and development sector domestic. Large enterprises have higher probabilities FDI in high-income countries only when enterprises sizes are large overseas and optimistic in Taiwan’s boom. As the empirical studies of propensity shows, domestic enterprises’ sizes are larger. And those subsidiaries are wholly-venture and technology transitive from mother company in Taiwan, which the sale of their subsidiaries are with high growth, vertical integration, network orientation, and the sale for overseas markets. That will enhance propensity of FDI. Compared with different enterprises’ sizes, that will enhance propensity of FDI when small enterprises are capital intensive, high vertical integration, network orientation, and the sale for local markets. Those subsidiaries are wholly-venture, technology transitive from the mother Company in Taiwan. Vertical and horizontal integration with their mother company over their products and their business are focus on export, which also enhances propensity of FDI for medium enterprises. Only technology transitive from Mother company in Taiwan, the sale of their subsidiaries are with high growth, and the sale for overseas markets will enhance propensity of FDI for large enterprises. According to empirical studies, this paper has proved over the hypothesis. In addition, there is a difference between that higher probabilities with enterprises’ size in domestic are smaller than those in high-income countries and pre-research. Now Taiwan’s manufactures face the transformation of industry. To avoid “Industrial Hallowing-out” crisis, the government should be active to provide an advantageous investing environment, as well as the industrial upgrading and technological innovation.

碩士
中國文化大學
國際企業管理學系碩士在職專班
101
Taiwan is surrounded by sea, natural resources and small domestic market is not enough, Gradually in the economic globalization and market integration, capital, talent and knowledge barriers gradually reduced Through the global deployment to strengthen its production value chain, Taiwan's economic takeoff, economic and transnational exchanges between countries is very important. In this study, Ghemawat (2007) Ghemawat Proposed a "distance" does not refers to geographical distance, but a comprehensive cultural, administrative, geographic, economic, four kinds of distance-sensitive indicators, this is about " Culture Distance", " Administrative Distance" " Geographic Distance", and " Economic Distance" while incorporating CAGE model. Ministry of Economic Affairs Investment Review Committee since 2007 to 2012 in Taiwan's manufacturing industry and Electronic Parts and Components Manufacturing and Computers, Electronic and Optical Products Manufacturing and Electrical Equipment Manufac-turing 20 States on foreign direct investment, for location selection, the emphasis in the direction Individually. The results are consistent, Because the characteristics of Taiwan's manufacturing industry. Analysis of the theoretical predictions and the actual results are different, Showing the geographical distance is not significant, Economic differences in the distance coefficient showed a significant positive correlation between.

碩士
國立東華大學
國際企業學系
94
In the age of globalization, the distance between countries has become shorten. Going global for business is the only way to keep themselves competitive and successful in the world markets. This study attempts to follow the research structures of Chen (1994) by using Dunning’s eclectic patterns (1973) integrated with the strategic network linkage. An analytical framework of location choice of foreign direct investment (FDI) is developed for Taiwanese manufacturing firms investing in Europe. Key factors affecting their location choices in Europe are determined. The current literatures mostly are those with firms investing in the U.S., Southeast Asia, and China. However, the European markets have recently become popular for Taiwanese investors because of market integration and expansion within the European Union. This study uses Taiwanese manufacturing firms investing in Europe as samples and analyzes their location choice strategies. It is hopeful that the results of the study can fill the gap of current literatures. The research methods used in this study include questionnaire survey and case study. Data gathered from the survey are analyzed with statistical tools and information from cases is supplemented to reach conclusions. The results of this study show that in location specific advantage, the cost of production and investment environment are the key factors affecting location choice. In internalization incentive advantage, uncertain contract and the cost of communication are the key factors affecting location choice. Finally, the global synergy in internal linkage and the relation network and supplementary development in external linkage also affect location choice.

碩士
國立暨南國際大學
國際企業學系
100
Emerging Market is the hot investment recently, which is more and more important in the global economics. Emerging Market have lower labor cost, precious material resource ,the more stronger domestic demand changes government financial situation step by step ,government also encourages foreign capital measure locally. Emerging Market become the best investment target in the MNC. International investment activity enhancement and international environment change, FDI location choice become an important research and issue more and more. In the past, experiment just do the research or investment ignore which is an important factor. The main investigation concerns the order location of MNEs investing in China and how they are influenced by location factors, which have location factor average situation and the movement change to do the analyze in two ways. Therefore, an ordered logistic regression is used to analyze data. The data (3696 cases), named List of MNEs Investing in China, was collected by the Investment Commission from 1991 to 2009. And China Statistical Yearbook in 1997 to 2007 offer location factor in China. The results of this analysis of the order location in China influenced by location factors can help MNEs understand location advantage influence in terms of investing in different locations in China. In other words, in terms of the interference effect analysis of different industry attributes with regards to location factors, the results can help MNEs consider their owner advantages pertaining to location advantages, and clearly show MNEs’ owner advantages and strategy goals.

碩士
中國文化大學
企業實務管理數位學習碩士在職專班
99
The location choice is affected by the products & the characteristics of the enterprises and the area. This study focuses on the factors of the location choice. Taiwanese businessmen directly investing and setting up plants in Mainland China is an aspect of FDI. Therefore, this study focuses on 5 main factors of Location Choice. By interviewing manufacturers of electronic parts, we try to analyze the inter-relationship and give suggestions. The 5 main factors are Local factor, Economic and Market factor, cluster factor, competition factor and other factors. At the end of the study, we may find the method of FDI is actually continuing the original one, and gradually forming the effect of cluster. Through interviewing, we can understand the 5 factors, and provide results and suggestions. According to this study, Taiwanese manufacturers would still choose Mainland China as their primary area for investment. However, the result of this study shows the location choice is still deeply influenced by the 5 factors. It also proves that location choice plays an important role in deciding the areas for investment.

碩士
國立雲林科技大學
企業管理系碩士班
95
For more than a decade, foreign investment is very popular among the Taiwanese enterprises. These enterprises constantly keep moving toward the south of China. When the enterprises broaden their investing territory, in order to overcome the weakness from unfamiliarity to the new environment, it is important to transfer the necessary resources from the inner, consider the assistance of the network relationship, and obtain the complementary external resources from the local market. This research is based on the view of competition advantage theory and complements the relevant theories of the network relationship, the motivation theory of foreign investment, and the strategies of location choice. The research collects the samples by mailing questionnaire. The research objects are Taiwanese businessmen who invest and actually operate business in South China. Six hundred and forty-five questionnaires were mailed, and 62 were valid. The data was collected from the questionnaires and analyzed by binary logistic regression. According to the results of this study, several conclusions were made as followings: 1. Resource-oriented companies will invest in economic-developed areas. 2. FDI motivation is the primary consideration of the Taiwanese enterprises when they are choosing locations in South China.

碩士
大同大學
事業經營學系(所)
93
In order to sustain operating performance, improve competitive advantage, obtain low-priced resource or material, and reduce risk of domestic investment, enterprises will engage in foreign direct investment. On the other hand, parent company according to the local environment and company future development, they will ponder over the next strategy in China, include invest more capital and manpower to expend their existing scale. A subsidiary not only has a single activity with local or parent but also to produce high-class product or to sustain great responsibilities such as R&D or design activities. Companies share policy preferential treatment and hard or soft benefit in cluster. Enterprise in cluster can access more upstream and downstream firms and business information. They can obtain more advantage than other firms that not locate in cluster. This research includes three questions: exploring (1) developing the model for the relationship among strategic role of subsidiary, FDI motivation, location choice and cluster effect; (2) does the special economic zone influence the location choice and cluster effect? (3) providing insights and guidelines with Taiwan MNCs to effectively deal with location choice from China. This research subjects are Taiwanese manufacturing MNCs—TSE-listed and OTC-listed companies investing and/or establishing subsidiaries in Mainland China. The research totally mailed 640 questionnaires and received 83 valid returns. We also have interviews with TRIO Technology Co. Ltd. to respond to research outcomes. There are several important finding in this research: (1) most of manufacturing industry subsidiary in China is active strategic role. Beside comply with the parent company’s decision, they also deal with some activities of the local market. So they stress importance of local economy; (2) the degree of integration with parent and the degree of localization have a positive relationship with location choice; (3) in this study, most of enterprises that invest in China are marketing seeking but their motivation have none effect on location choice; (4) if firms pay much attention to workforce, market, and local infrastructure, they can obtain reduced cost, shared institution and infrastructure, and improved innovation capability significantly. In addition, if companies focused on intangible location factors, they hope gain intangible benefits like improving their innovation capability or competitive through locate in special site. Taiwan MNCs invest and build China subsidiaries not only seek to the proposition of cost leadership but also they maintain a good partnership with upstream and downstream firms that move to China and approached local market. In order to maintain their relationship between the upstream and downstream firms and react to the competitors’ move, defend their order for goods, reinforce their cost advantage, and reduce production and transportation cost, close their upstream and downstream firms are the most important to enterprise, and then is the workforce factor. The interviewees mentioned that Taiwan MNCs in China are mostly small and medium-sized enterprise manufacturers and their subsidiary in China has only production function, so they are mostly of receptive subsidiary--only comply with the decision of the parent company and few activities with local. When they choose locations, they prefer to locate their subsidiary in costly advantage location, but they seldom focused on R&D and develop domestic market. Through actual interview, firms’ clustering effects are most appearing on lowering costs, sharing cheap labor force. Enterprises will not impose on domestic market, because they thought that China has a large population, have many kinds of requests for the products. And firms can’t catch a good chance to enter the market so easy to fail and lost a lot of money, manpower, and time. So they supply their goods to their upstream and downstream firms or re-export to Taiwan or other countries. Some southeast coastal province of clustering lacks water, electricity, and workforce questions let the Taiwan MNCs complain bitterly. They have begun to consider finding a good way to solve these questions. In order to reduce the redeem of political institution, regional construction and talent development in China, Taiwanese MNCs can enter these countries to set their production base in the future. Finally, the Taiwan MNCs investment in the mainland China are not only obviously affecting the overall oversea arrangement and division of labour forms of Taiwan enterprises, but also influence direction of industrial structure of Taiwan in the future. In the future, enterprises’ FDI can’t take production cost as the only principal thing to locate factory, and must give consideration to the plants’ strategy positions on different production sites. In order to prevent industrial hollowing-out, government should consolidate enterprises’ core competition and administer the industrial division of labor and regard FDI as a measure to expand scale of the enterprise.

碩士
中興大學
應用經濟學系所
99
This paper completely examines the market factors, labor cost factors, and human capital factors which influence the location decisions of Taiwanese outward investment from 1998 to 2008. The empirical result which is based on the gravity model shows that the outward FDI of Taiwanese multinationals generally affected by the market factors, but for the impact of labor cost and human capital, it must depend on different industries and markets location factors which referred to different need of relative low-skilled workers and relative high-skilled workers. Our empirical results which are using sensitivity analysis to find out the variance between industry and market are consistent with the predictions of our beginning analysis. By the implications of Kaitz index and information from other labor factors, we show that manufacturers will particularly emphasize on the technical requirement when they invest in developed countries, however, manufactures will invest in developing countries with strong considerations of their lower labor cost. Because of Mainland China has both inducements of potential market and lower-cost labors, the empirical result also shows that FDI in Mainland Chian is notable higher than developed and developing countries.

碩士
輔仁大學
科技管理學程碩士在職專班
99
Acording to 2010 statistics from Vinatex, Taiwan is still the largest investment in the textiles and clothing industry. The country has 237 investment projects, with registered capital totalling US$2.354 billion. Further, in the same production conditions, Vietnam's average cost of production is 30% lower than in mainland China, particularly in the textile industry. China has an average $ 0.69 per hour labor costs, compared to Vietnam’s $0.30 per hour. Apparently, in China, the textile industry's competitive labor cost advantage is gradually disappearing. In the process of corporate globalization, Taiwan's textile industry must gradually become a globally integrated division of labor, and do everything possible to strengthen the competitive advantage, in order to create greater economies of scale, lowering costs, and improving operational efficiency. With regard to selection and operating performance, this paper wants to explore listed companies of the textile industry in Taiwan in the case of long-term investment in Vietnam. Further, making a comparison of individual choice of entry mode and location, its impact on corporate financial performance, and to find out when companies enter new markets for entry mode choice and regional considerations. Logic regression analysis was used as a tool for data entry in this paper. Overseas Direct Investment choice entry mode and location of the main research interests of the Taiwan textile industrial capacity and ROIC are indicative of the shares of the different relative effects into the mode.

碩士
輔仁大學
科技管理學程碩士在職專班
99
According to DGBAS statistics released by Taiwan first two quarters of economic growth in 2010 reached 13.1%, with the gradual recovery of the regional economy and the domestic glass ceramics industry to invest in the mainland has long been the layout, coupled with China's "Twelfth Five-Year Plan "transform the old building will be signed with the cross-strait" investment protection agreement ", the glass ceramic industry in China is expected in China will have made great progress. Therefore, this article will be of direct investment in Taiwan, mainland enterprises glass ceramic market size in different enterprises, research and development capabilities, free cash flow, the company business performance and international investment experience and other factors, will be taken into the model and, in Choice of investment location area differ. This glass-ceramics in Taiwan listed companies in direct investment in mainland China companies, the use of its 2001-2010 financial information of the head office for 10 years and multiple logistic regression models (Multinomial Logistic Regression Model), to explore the industry of Taiwan Firm size, R & D capabilities, free cash flow, the company operating performance and international investment experience and other factors, its enterprises to enter the Chinese market model and the impact of site selection. The results show that firm size, free cash flow and international investment experience, will affect the industrial enterprises to invest in the mainland's entry mode; in terms of site selection is based on firm size, R & D capability and business performance Corporation (ROIC) for Factors; because, although the two have different effects for different enterprises and results, then can still be found in the common factors, which means that the entry mode and location choice of foreign direct investment in two separate strategic decision, in fact inter-related relationship.

碩士
國立雲林科技大學
企業管理系碩士班
95
In the internationalization and globalization age, enterprises have to set up their subsidiaries overseas in order to work eternally and improve their competitive advantages. When enterprises broaden their investing territory, they have to select a good location. In the process of making the location decision，it is important for enterprises to know what resources they have, take the assistance of the network relationship into consideration and be aware of their motives of making FDI . This research follows the resource-based view and adopts the relevant theories of the network relationship, the motivation theory of foreign investment, and the strategies of enterprise network. This study explores the relationship between the motives of Taiwanese enterprises which invest in Eastern Mainland China, the advantages of resources and network relationship and the interaction of location choice in the host country. The research collected its samples by mailing questionnaires. The research objects are Taiwanese enterprises which invest and operate business in Eastern Mainland China. 909 questionnaires were sent out, and 68 were valid. The data were collected from the questionnaires and analyzed, using the statistical method of logistic regression analysis. According to the results of this study, several conclusions made are as follows: 1. The resource advantage is a prerequisite for Taiwanese enterprises who invest in Eastern Mainland China. 2. Taiwanese enterprises which have more asset advantages tend to invest in highly-developed locations. 3. Network relationship is not significantly related to location choice of Taiwanese enterprises in Eastern Mainland China. 4. Motives of market-oriented and strategy-oriented are not significantly related to location choice of Taiwanese enterprises in Eastern Mainland China. 5. Taiwanese enterprises with motives of efficiency-oriented tend to invest in low-developed locations. 6. Taiwanese enterprises with motives of resource-oriented tend to invest in highly-developed locations.

碩士
國立雲林科技大學
企業管理系碩士班
95
My country goes to the investment of Southeast Asia to mainly take exporting as a lord, only having there is higher comparison in Indonesia and Vietnam work on for the domestic sale business.The industry that my country invests in Southeast Asia then takes the textile Industry and the electronics Industry as the biggest, among them, the textile industry invest main concentrate in Thailand, Malaysia, Indonesia and Vietnam;And the electronic industry then concentrate in Malaysia and Thailand.As for the manufacturer gets into investment in Southeast Asia, the scale of its enterprise attains certain level, besides which, the network also is outside the motive which orders about Taiwanese enterprise capital to move to push a hand.When the enterprise carries on the investment activity which acrosses a territory, for overcoming to the oversea market the unfamiliar bad situation of, in addition to being also wanted to consider the help with network relation outside by the resource that enterprise inner part need when calling away, should even consider the exterior resource which obtains to repair with each other in the local market environment. The research try the confirmation influence main impact factor that the Taiwanese manufacturer leaves for investment in Southeast Asia, use of Logistic regression a study which factors during the period of choosing the niche of industrial middle nation(Indonesian, Thailand, Malaysia) and agriculture nation(Vietnam) decision, exertive decisive influence strength. This research with 60 Taiwanese manufacturers leave for the subsidiary of Southeast Asia investment for substantial evidence object is studied a result detection by the Logistic regression model:The influence of the advantage upon the niche choice of the enterprise not obvious, mainly is this research aims at a nation all is stable market, for have the nation of stable market, the manufacturer of different enterprise advantage all will choose into a market, therefore influencing degree not obvious.Besides by overseas investment motive to see, have the manufacturer of market and resource direction, will go to the degree higher industry of the industry development.

My dissertation focuses on foreign entrepreneurs—individuals who establish firms outside of their native countries. Despite the prevalence of foreign entrepreneurs, their strategic choices have received little attention in the research literature. For example, when starting a firm, an entrepreneur must decide whether to manage the business personally or hire a local manager, yet we know little about how this choice affects firm performance. To examine this issue, in the first study I use a novel dataset of foreign entrepreneurial firms in Russia and a visa policy change as an instrument for the owner-manager choice. Contrary to the expectation that foreign entrepreneurs would underperform local managers due to the liability of foreignness, I find that foreign owner-managers can benefit their firms: Exogenous assignment of a local manager in place of a foreign owner-manager reduces profits. Foreign owner-managers benefit their firms by hiring cheap native-country labor as well as through reduced agency costs. The second study examines how private benefits of occupying a managerial position affect an entrepreneur’s choice between owner-management and hiring an agent. I show that foreign entrepreneurs with a strong desire to reside in a host country are more likely to become owner-managers. These results are consistent with the idea that entrepreneurs expecting to gain private benefits from managing their firms are more likely to become owner-managers. Moreover, I demonstrate that entrepreneurs are willing to substitute the non-pecuniary benefits associated with relocation for firm profit. These findings add to a growing literature exploring the role of personal preferences in entrepreneurs’ strategic decisions, such as location choice and ownership structure. The third study examines the impact of media coverage on the location choices of foreign firms. Publicly available media information has largely been ignored by the location literature, perhaps because its impact on location choice is expected to be trivial. This study challenges this assumption: Using a new instrument for media coverage (a major anniversary of a city’s establishment date), I show that extensive foreign media coverage of a city increases the number of foreign entrants. Moreover, this effect is strongest for socially and geographically distant firms and entrepreneurs.

碩士
輔仁大學
金融與國際企業學系金融碩士班
103
Most of previous research focused on location selectivity by analyzing environmental factors or competitive advantages, and majority of the sample are in developed countries. However, with the rise of emerging markets, most of the companies have one or more control shareholders who can lead the business decisions. Due to this reason, those companies will consider the other factors that differ from the companies in developed countries when they face overseas investment decisions. Therefore, this study focuses on the companies in emerging markets, and analyzes the view of private benefit of control, investigates the relationship between private benefits and oversea investment locations choices. Our samples period is from 2009 to 2013. We examine whether private benefit will affect the choice of oversea investment locations. We discuss it from three aspects: ownership structure, transaction and management. Empirical results show that there is a negative relation between divergence in control and cash flow rights, related party transaction and earnings management. This means control shareholders may try to influence corporate to invest in the region with weak institutions because they want to protect their private benefits, and avoid the monitoring mechanism reducing the scope of private benefits. However, there are no significant relations between cash holding and external environment institution. We believe that besides consideration for investment demand, there are other purposes of cash holding. As a result, when the companies of emerging market face oversea investment decisions, private benefit is also one of the factor that will affect the location choices.

碩士
國立暨南國際大學
國際企業學系
97
Because of the increasing of Taiwan economy, the higher labor cost and the instability of policy, foreign direct investment has become a new choice for Taiwan’s firm when they face the push power from domestic country and the pull power from oversea. When firms decide to take FDI, they may consider the host country’s risk situation and the effects of different risk will be affected by different kinds of industry. Compared to the previous literatures which only focused on location advantage of the host country but rarely taking host country risk into account. this research focus on the relationship between the specific risks of the host country and Taiwan firm’s investment oversea. This research is based on secondary data to discuss how the risk condition of host country influences the FDI location choices of Taiwan firm. This research uses the data from ICRG (international country risk guide) and the firm’s FDI behaviors from Investment Commission of Ministry of Economic affair, R.O.C analyzed by the rank-order logistic regression. The period of research spanned from 1987 to 2007 and this research used STATA statistics software to carry out the empirical analysis and obtain the following conclusions: 1.The risk average of host country can significantly affect Taiwan firm’s FDI: The incorruptibility, social stability, economy of host country have better performances, Taiwan firms prefer to invest these countries earlier. 2.The risk trend of host country can significantly affect Taiwan firm’s FDI: The government efficiency, social stability, economy and financial situation of host country become better, Taiwan firm prefer to invest these countries earlier. 3.Under host country risk, the types of industries have no significant moderating effect: Only when servicing industries take more care about the trend of the host country incorruptibility than manufacturing industries. Other risk factors not significant supported. So this research suggests that when firm take FDI oversea, they should not only take the firm’s advantage and the host country location advantage into account, but also take the host country risk into account. By doing this, firm can avoid taking too much losses and risks.