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題名:企業多角化效率分析之研究-以集團企業為實例
作者:陶學燁
作者(外文):SHEH-YEH TAO
校院名稱:淡江大學
系所名稱:管理科學學系
指導教授:楊維楨
陳淼勝
學位類別:博士
出版日期:2002
主題關鍵詞:多角化資料包絡分析法隨機邊界法DiversificationData Envelopment Analysis(DEA)Stochastic Frontiers Approach(SFA)
原始連結:連回原系統網址new window
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論文名稱:企業多角化效率分析之研究-以集團企業為實例
頁數:116
校(院)系組別:私立淡江大學管理科學學系
畢業時間及提要別:九十學 年度第二學期 博士 學位論文提要
研究生:陶學燁
論文提要內容:
台灣為了加入世界貿易組織(WTO),著眼全球佈局,紛紛以集團化方式經營以提升競爭力,使得集團化遂成為近年來發展的趨勢。然而多角化經營模式並非經常能提高經營效率,亦可能,會產生經理人間相互衝突,進而影響經營效率。
本研究收集40家上市、上櫃之集團廠商,期間為1997年至1999年三年資料,至於有些集團廠商因無法從上市上櫃中尋找到,故不列入本研究分析中。本研究利用隨機邊界模型及資料包絡分析法二種方法,引入風險調整係數去評估多角化對台灣集團企業經營效率之影響,結果顯示:
1. 風險係數與成本呈現顯著負相關,顯示集團信用評等越高的廠商,確實會降低廠商成本。
2. 兩種方法評估之效率值大致相同。
3. 多角化程度不宜太高或太低。
關鍵詞:多角化,資料包絡分析法(DEA),隨機邊界法(SFA)
Total page:116
Titles of Thesis:The Influential Analysis of Diversification on the Operating Efficiency-An Application to Taiwanese Conglomerate Firms
Keywords:Diversification, Data Envelopment Analysis(DEA), Stochastic Frontiers approach(SFA)
Name of Department:Department of Management Sciences , Tamkang University
Graduation Date:June,2002 Degree Conferred:Ph.D
Name of Student:Sheh-Yeh Tao Advisor:Dr. Wei -Tzen Yang Dr.Maio-Sheng Chen
Abstract:
In order for Taiwan to enter the World Trade Organization, in view of global business strategy, numerous businesses have employed the strategy of conglomeratization to raise their competitiveness.
Conglomeratization has become a trend of development in recent years. However, it may not always increase operating performance and is possible to produce conflict between managers, thereby influencing operating performance.
The cost inefficiency of a panel of 40 Taiwan listed company will be measured: each company will enter the panel for three years, in the period 1997-1999. However, this study only seeks to examine listed and OTC companies. As it is not easy to collect data for companies that are neither TSEC(Taiwan Stock Exchange Corporation)-listed nor over the counter, there is no way that such companies can be included in this analysis. In this study, the stochastic frontier function model and data envelopment analysis with risk-adjusted coefficient are utilized to estimate the influence of diversification upon the operating performance of Taiwanese conglomerate firms. The results indicate that:
(1)The relationship between risk-adjusted coefficient and cost is negative and significant. It indicates that the higher credit conglomerate firms actually with lower cost.
(2)The estimated efficiencies are almost consistent for the two proposed approaches.
(3) The diversification level of a business should be neither too high nor too low.
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