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題名：研發能力與公司治理對創新績效之關係：主併公司觀點
書刊名：臺灣企業績效學刊
作者：許旭緯／李娪萱／郭斯敏／黃偉欣
作者(外文)：Hsu, Hsu-wei／Lee, Wu-hsuan／Kuo, Szu-min／Hwang, Wesley
出版日期：2010
卷期：4:1
頁次：頁125-147
主題關鍵詞：創新績效；併購；公司治理；外部信任；研究與發展；Innovation performance；M&A；Corporate governance；Outer trust；R&D
原始連結：連回原系統網址new window
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  • 被引用次數被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0)
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  • 共同引用共同引用:0
  • 點閱點閱:48
過去M&A之研究多著重在企業整體績效、研發投入及併購決策上，鮮少探討外部信任與公司治理對創新績效之關係。本研究採用2000-2006年台灣地區進行併購宣告之上市（櫃）公司為樣本，以Panel Data模式進行分析。研究結果顯示，首先創新績效在併購前後並無顯著差異，且研發能力對創新績效有明顯正相關。另外，在公司治理變數中僅超額持股與創新績效有顯著負相關，其餘變數不顯著。其餘，外部信任與創新績效之相關性不顯著。文末並提出管理意涵以供後續研究者參考。
In the past, most of the researches of M&A were focused on the company's overall performance, R&D investment and decision-making. However, there are seldom ones investigate the relationship between the corporate governances and innovation performance. This paper adopts the acquirers as samples who are officially listed in the OTC market and had M&A announcement during 2000-2006, and is analyzed by Panel Data Model. Research analysis shows that, first of all, the innovation performance doesn't have significant difference between before and after M&A activities. Second, R&D and M&A are positively related. Third, only the excess-owned-stock of the corporate governance variables reveals significant negative relationship with innovation performance, while the rests are not. Forth, the relationship between outer trust and innovation performance isn't noticeable.
期刊論文
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