The Influences of Environmental Uncertainty and Strategic Types on International Financial Management and Business Performance--Using Taichung Enterprises Investing in Mainland China and Vietnam as Examples

• Main Authors: Yi-Fu Sun, 孫一復
• Other Authors: Sue-Hao Jou
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/6275v2

碩士 === 臺中技術學院 === 事業經營研究所 === 97 === Over the past decade, Taiwan businesses are more likely to invest either in mainland China and/or in Vietnam. Due to situations such as rapid economic growth, Yuan appreciation or substantial depreciation of the Vietnamese Dong, inflation and local labor policies make businesses face many complex environmental uncertainties. Therefore based on the comparative advantages of Taiwan businessmen with the global layout, the external environment facing the political, economical, social culture, science and technology and other of high degree of environmental uncertainties, how to take appropriate trans-national business strategies and through an efficient financial management co-ordination mechanism to create its overseas businesses operating performance are inevitable. In this study, e-mails by the network selected senior managements or financial directors as the sample objects. 120 questionnaires had been sent out via email to collect empirical data as the initial screening aimed for Taiwan businessmen in mainland China and Vietnam, only 49 were recovered as valid questionnaires, 40.8% recovery rate. The main research methods adopted correlation analysis and regression analysis to explore whether there are significant correlations in the corporate identities, environmental uncertainties, business strategies and multinational financial management mechanisms or not, as well as the business performance impact between the cross-border financial management mechanisms and corporate strategic managements. The results of this study found that: 1. Taiwan businessmen in the host countries faced with environmental uncertainties such as the integrated co-operation tax policies, funds scheduling and inflation, exchange rates, interest rates, tend to be under the parent company’s control; however, in contrary financial and accounting staff personnel tend to localize. 2. Trans-national business strategies of Taiwan businessmen tend to take foreseeable and defensive methods. Both foreseeable and defensive strategies, financial and accounting staffs tend to localize. For those Taiwan businessmen take foreseeable strategy, the financial and accounting management are more likely to adopt an “integrated co-operation”way. 3. Sales or business capital of the greater scale, financial and accounting management are more likely to adopt an‘integrated co-operation’way. 4. Financial management mechanisms that adopt an integrated approach and defensive strategy, as a result, the financial performance show more positive.