The Performance Impact of Firm’s Resource Allocation

• Main Authors: Ta-Yu Haung, 黃大祐
• Other Authors: Jen-Shyang Chen
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/w92ump

碩士 === 銘傳大學 === 管理研究所 === 94 === Resource is the indispensable key element. Under the limited resources are used, if enterprises can''t allocate resource in the appropriate place, it may cause the resource improper waste or inefficient phenomenon and cause the operation performance to be low. Enterprises put the various types of resources into the business activities, its have different acquisition channels and reflected the form and cost of use of that different resources. Because the way were differently that may influence the resource use, the study made various types of resource acquisition and application by discuss form and proportion of capital source and allocation to discuss the performance impact of firm’s resource allocation and acquisition. The study adopted a penal data to collect 9 years financial information from the 191 listed companies in electronic and related industry by Shazam statistic analysis. Major findings of this study as following: 1. The basic principle of firm''s capital source and application: the capital source relies mainly on operation performance, borrowing money was second way; Short-term funds was used for a short time, long-term funds was used for a long time. 2. The higher invested of long-term investment and capital assets, the less SG&A expenditure and the higher research and development expenditure of the firm will be beneficial for the long term performance and growth of the firm. 3. The higher long liability and current liability of the firm will be beneficial for the long term performance and growth of the firm, the higher SEO of the firm will be unfavorable for the long term performance.