The Performance Impact of Resource Building and Leverage on Diversified Firm: An Empirical Study of High-Growth Conglomerate inTaiwan

• Main Authors: Chang, Li-Hua, 張麗華
• Other Authors: Chen, Jen-Shyang
• Format: Others
• Language: zh-TW
• Published: 1999
• Online Access: http://ndltd.ncl.edu.tw/handle/06066527764829308799

碩士 === 銘傳大學 === 管理科學研究所 === 87 === Due to the relationship between the types of resource and diversification is not so clearly to explain the performance of diversified firms, the research added the concept of resource building and leverage into research framework, and conduct research to discuss that issue deeply. From the literature about resource-based view, diversification, and resource building/leverage, the research concluded that the diversified firms will exploit the resource to increase the performance, and resource building and leverage are the ways to diversity the businesses. The diversification decisions, business portfolio, and diversified performance will be effected by the way of the ways of resource building and leverage. The research created the sample data that covered 30 hi-growth conglomerates in Taiwan and make the empirical investigation. The conclusion include: 1. The more cash reserve, more tangible assets, higher managerial efficiency, and more talent people, the firm makes more resource leverage; and more technological research capabilities, the firm makes more resource building are better for their performance. 2. The resource building has the positive relationship with non-related diversification; the resource leverage has the positive relationship with related diversification. 3. The cash reserve and technological research capabilities of the core business of conglomerate will enhance the growth of core business; and the capital rising capabilities, managerial capabilities, and talent people will contribute to the growth of conglomerate. 4. The resource building and leverage are the key factors to drive the growth of firms. But the resource building of core business is better for growth of conglomerate, the resource leverage of core business is better for growth of core buiness.