How diversification and internationalization affect firm value?

• Main Authors: Tsai, Wan young, 蔡宛芸
• Other Authors: 蘇吉祥
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/65511600791648249717

碩士 === 南台科技大學 === 國際企業系 === 97 === The mainly empirical evidences are as follows: 1.We finds that there is a U-shaped curvilinear relationship between diversification strategies and firm value. 2.There is a U-shaped curvilinear relationship between internationalization strategies and firm value when we contained the effect of diversification , but when we exclude the effect of diversification, we found out there is a S-curvilinear relationship between internationalization and firm value. 3. There is a positive relation between internationalization and firm value, but a negative link between product diversification and firm value. Initially, the interaction effect of internationalization and product diversification would reduce the firm value, but when the degree of internationalization was increased, the discount effect of product diversification and internationalization would reduce. 4. The interaction effect of related product diversification and Internationalization will negatively influences the value of multinational firms but there is no evidence that unrelated product diversification will positively influences the value of multinational firms.