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題名:多國籍企業海外投資動機與企業內貿易效果關係之研究-以台灣資訊電子業為例
作者:周建亨 引用關係
作者(外文):Chien-Heng Chou
校院名稱:中國文化大學
系所名稱:國際企業管理研究所
指導教授:林彩梅
學位類別:博士
出版日期:2001
主題關鍵詞:海外投資動機企業內貿易效果資源投資市場投資效率投資策略性資產投資產業空洞化貿易收支效果FDI motivesThe effects of intra-firm tradeResources seekingMarket seekingEfficiency seekingStrategic assests seekingDe-industrializationThe effects on trade balance
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1990年代全世界三分之一的貿易量,是經由多國籍企業以企業內貿易方式而達成的,而此一交易方式正方興未艾。本研究之目的,在檢測多國籍企業之海外投資動機(追求資源、市場、效率、及策略性資產)與企業內貿易之關係,以期能提高既有文獻對企業內貿易傾向之解釋力。另一方面,本研究依商品之流向將企業內貿易之效果分為四種(輸出代替、逆輸入、誘發輸出、及輸入轉換),以期能更加瞭解海外投資動機如何透過企業內貿易而影響商品在國際間之流向。
本研究採用判斷抽樣(judgement sampling)方式,針對台灣資訊電子業之上市與上櫃公司全部以郵寄問卷方式收集資料。總共寄出226份問卷,經過兩次跟催,回收130份,有效問卷92份,回收率為40.7%。
研究結果顯示,多國籍企業之海外投資動機比企業特徵(多國籍化程度、研究發展密集度)更能顯著的解釋企業內貿易發生之傾向。就個別海外投資動機對企業內貿易之影響層面而言,以追求市場之動機影響最廣,與四種企業內貿易效果均有顯著相關。其次依序為追求效率、追求資源、最後為追求策略性資產之動機。
根據研究發現,本研究探討不同動機之海外投資如何透過企業內貿易效果影響母國經濟(例如產業空洞化)與貿易(例如貿易平衡、貿易衝突的避免等)之涵義及後續研究之建議。
In 1990s, about one third of all international trade occurs through intra-firm trade within MNEs. Intra-frim trade is expected to keep growing. One purpose of this study is to test the relationships between the motives (i.e., seeking for resources, mar-kets, efficiency and strategic assets) of the multinational enterprise (MNE) for foreign direct investments (FDIs) and intra-firm trade, with an aim to add to the explanation power of existing literature about the causes of intra-firm trade. The other purpose is to better understand how the motives of the MNE for FDI influence the direction of in-ternational trade through intra-firm trade by decomposing the effect of intra-firm trade into four sub-effects (i.e., export replacement, reverse import, lead export and import exchange).
This study used judgement sampling to collect data from 258 companies in infor-mation and electronic industries in Taiwan. These companies were listed in either TSE or OTC in 2001. The companies who did not have subsidiaries abroad at the time of survey were screened out by a telephone interview. Two hundred and twenty-six com-panies were retained and a questionnaire was sent to each company. After two fol-low-up mailings were made, one hundred and thirty questionnaires were returned, of which 92 were valid. The return rate was 40.7%.
The results show that, the motives of the MNE for foreign direct investments sig-nificant explain the variation of the MNE’s intra-firm trade. In addition, the explana-tion power of motives is larger than that of the MNE’s characteristics (i.e., multination-ality, the intensity of research and development). Looking at the scope of the influ-ences of each motive on the effects of intra-firm trade, the motive for seeking for mar-kets has the largest scope of influences, followed by efficiency seeking, resource seek-ing and, finally, strategic assets seeking.
Based on the research results, this study discusses how foreign direct investments under different motives influence the international trade, such as balance of payments and frictions of international trade, and economic welfare, such as deindustrialization, of parent countries through intra-firm trade effects. Directions of further studies are also suggested.
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