影響企業創新績效之關聯性研究-以台灣電子業為例

A Study on the Relevance of Enterprise Innovation Performance - Evidence from Taiwan’s Electronics Industry

蔣佳穎(Chia-Yin Chiang)

指導教授 ： 倪衍森

淡江大學/商管學院/管理科學學系企業經營碩士在職專班/碩士(2019年)

https://doi.org/10.6846/TKU.2019.00004

摘要

本研究以2008至2017年台灣證交所上市上櫃的電子業公司為研究對象，藉由探討企業內部的經營管理、財務管理、公司治理等因素來了解其對企業創新績效是否有交互影響，實證結果顯示：多角化經營不利於企業創新績效的表現，但總資產週轉率及企業擴張速度皆對創新績效有正向影響。另外，董監持股比率對創新績效及公司績效皆呈現正向影響。而企業的成立年數則是對創新績效呈現正向影響，但對公司價值卻呈現負向影響。

關鍵字

創新績效 ； 公司治理 ； 無形資產 ； 公司價值

並列摘要

By employing the firms listed in Taiwan Stock Exchange (TWSE) over the data period 2008-2017 as our samples, this study investigates whether innovation performance of the enterprise would be affected by the variables related to business management, corporate governance, and financial statements. The results shows that enterprises with diversification would be negatively related to innovation performance, but asset turnover ratio and assets growth rate have positive impacts on innovation performance. Director's shareholding ratio is positively related to firm value and innovation performance. In addition, establishing year is positively related to innovation performance for the firms listed on TWSE. However, establishing year is negatively related to firm value for the firm listed on the TWSE before 2003, but positively related to firm value after 2003. This finding indicates that investors may give high P/E ratio for some firms listed after 2003 such as the firms falling into several high-tech sub-industries, thereby enhancing firm value for these firms.

並列關鍵字

Innovation performance ； Corporate governance ； Intangible assets ； Firm value

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