本文主要以台灣IC設計與製造業為研究樣本,探討廠商委外或內部化生產製程的決策對其經營績效的影響。由於廠商在策略選擇時係奠基於廠商特質與產業環境,所以決策的選擇是內生的且具自我選擇特性,若實證模型忽視廠商自我選擇的影響,則在不同策略選擇下的經營績效評估模型將產生偏差,進而得到不正確的實證結果。因此本文旨在應用Heckman的二階段最小平方法,將樣本自我選擇因素納入模型中以修正所產生的偏誤。實證結果發現,廠商之生產技術取得模式受交易特性與廠商特性的影響。再者,研發能力、技術取得經驗、決策錯誤機率與廠商自我選擇修正因子是影響成本效率的重要因素。最後,本文發現委外廠商之成本效率優於內部化廠商。
This paper investigates how Taiwanese IC design firms and IC manufacture firms' decisions to outsource or internalize production after their performance. Firms choose strategies based on their attributes and industry; therefore, strategy choice is endogenous and self-selected. Empirical models that do not account for this and regress performance measures on strategy choice variables are potentially misspecified and their conclusions are incorrect. We use Heckman's two-stage technique that has been developed to account for the self-selection's effect on hard-to-measure or unobservable characteristics to correct the bias. The findings reveal first the firm-and transaction-specific features are strong influence of firms' production technology acquisition mode, second, the ability of R&D, the experience of the production technology acquisition, governance misfit and self-selection are influence of cost efficiency, finally We find that the cost efficient of outsourcing is superior to internalization.