An Empirical Study on Performance and Risk of Taiwan TFT-LCD Companies

• Main Author: 吳建輝
• Other Authors: 朱博湧
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/vnu84b

碩士 === 國立交通大學 === 管理科學系所 === 92 === The TFT-LCD industry is the newly arisen one in addition to the semi-conductor industry in Taiwan. It is one of two key industries in Taiwan’s "Two Trillion and Twin Star" program. Focusing on the evaluation and analysis of companies’ performance versus risks, this thesis attempts to diagnose and classify some strategic issues related to the development of TFT-LCD industry in Taiwan. Fourteen companies, including up-stream and mid-stream in the TFT-LCD industry, have been selected for empirical study. There are five factors proposed for hypothesis testing: 1) the size of firm, 2) timing to entry, 3) with or without technology transfer, 4) the position in the value chain, and 5) the extent of commanding key components. Finally, we draw conclusions by comparing empirical results and conducting related case studies. The results demonstrate as follow: 1. The scale of company, the timing to enter the TFT-LCD industry, technology transfer, and the extent of commanding key components are the four noticeable factors affecting companies’ performance and risk. 2. The position of companies in the value chain has impacts on the risk they face, but does not affect firms’ performance.