The Effect of Internationalization and Firm Performance--Role of Intellectual Capital

• Main Authors: Tzu-Ting Wang, 王姿婷
• Other Authors: Chun-Ju Liu
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/80753700052593564560

碩士 === 東海大學 === 會計學系 === 100 === As the trend of globalization and Non-tariff barriers to trade have increased dramatically in recent years, and in Taiwan there are a lot of problems about resources, labor, land and environmental cost, more and more Taiwan companies engage in international development in order to pursuit competitive advantages. But the companies searching for an overseas market have to spend learning cost and coordination cost. In order to find out the opportunity of the international development, we have to promote the competitiveness of Taiwan companies. In recent ten years, many scholars affirm intellectual capital drives the companies’ value. Thus this study exam whether the investment of intellectual capital promotes the international performance? The empirical results show that the beginning of the overseas development, because of unfamiliar with overseas market, the companies get bad performances. But as time goes on, the companies get good performances due to the accumulation of experience, and the finding of suitable strategy. Therefore, the relationship of international diversification and firm performances are the U curve. Adding the variable of intellectual capital, the empirical results indicate human capital can’t promote the international performances; structure capital can promote the international performances; relation capital can promote the international performances. The results of this thesis imply that in international markets, highly educated staff is not the factor that affects international performance; the companies have systemic structure and stable partnership can promote the performance of the companies in Taiwan.