The Decision-making Process on Listing on either Taiwan or NASDAQ Capital Market

• Main Authors: Cheng, Chien-Hui, 鄭千慧
• Other Authors: Yang, Chyan
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/68860438257067479802

碩士 === 國立交通大學 === 管理學院碩士在職專班管理科學組 === 97 === For its surrivability, an enterprise needs to integrate international resources and build up a strategy of overseas operations. Listing on a foreign capital market has become one of the methods to integrate financial resources. Through this research, the motive for companies to list in a foreign stock exchange includes (a) to maximize the stockholders equity by having a better Price Earnings Ratio in a foreign stock exchange, and (b) to improve the financial status and operations of the corporation by diversifying fundraising sources, improving international publicity and benefiting merger and acquisition activities. When companies selecting foreign capital markets, their considerations include the familiarity of the market, the legal system in the market, and the required disclosure and related regulation after the company listed in the foreign stock exchange. Furthermore, the most important considerations are cost-benefit factor, and the strategy and direction of development of the company. Proper selection of a foreign stock market may minimize the effects of a fast-changing international capital market and other risk factors.