| Summary: | 碩士 === 國立東華大學 === 國際企業學系 === 98 === With the tendency of globalization, firms persuade higher profit have to explore their operation scope by globalization. Consequently, those domestic firms keep on engaging international trade business. However, there is no certain conclusion for whether the internationalized firms have better performance or not. This study investigates whether the Taiwanese firms have better performance by internationalization. According to Resource-Based View, firms through firm-specific assets, gain a competitive advantage, and to obtain excess returns. The study also explore whether the Taiwanese firms invested higher R&D intensity and capital intensity, can enhance the impact of the international strategy on performance.
This study investigates the relationship between the multiantionality and firm performance, and to investigate the moderate effects of firm-specific assets on multinationality and firm performance by employing TSCS (Time-Series Cross-Section) analysis to examine 77 Taiwanese semiconductor firms in 2000 to 2008. Our study finds out that there is an s-curve relationship between the multinationality and firm performance. The intensity of capital positively moderate the relationship between the multinationality and firm performance. Therefore, firms should enhance their own R&D and capital intensity while adopting international strategy. By doing so, firms can achieve better performance.
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