The difference between determinant factors in different international process- A Transaction Cost Theory perspective

• Main Authors: Chin-Hung Tseng, 曾晉宏
• Other Authors: Kune-Muh Tsai
• Format: Others
• Language: en_US
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/45288450468068479523

碩士 === 國立高雄第一科技大學 === 運籌管理研究所 === 101 === Accompanying with the globalization competitiveness and the saturated market in the host country, a growing number of firms are seeking more resources, lower cost of labors, and extended markets and customers. Therefore, globalization has become a crucial issue among all of the firms. Based on the transaction cost model, this study compares its effect on different stages of the internationalization processes. The internationalization process is divided into two stages, where the first stage is from export activities to licensing and joint ventures and the second stage is from licensing and joint ventures to wholly owned subsidiaries and overseas production units. The fundamental information of the respondent companies is also implemented to compare their different effects between the two stages. This results indicated that the three constructs of transaction cost model- asset specificity, uncertainty, frequency of transaction – and four other constructs,- resource of investment market, host government regulations and culture, market potential, and firm size have different degrees of effects on the two stages of the internationalization process. The analysis based on the basic information of the respondent companies also demonstrated that different industries have diverse effects on the technical uncertainty. For different levels of turnover, those in higher levels think the political stability is more important than those in the lower one. Besides, companies with less number of employees regarded the operating capability of fund not as important as was done by those having more employees. Different groups in the years of establishment of the firms showed diverse opinions on the operating capability of fund.