THE STUDY OF INTANGIBLE ASSETS ON INTERNATIONALIZATION AND CORPORATE PERFORMANCE FOR SMES IN TAIWAN

• Main Authors: Chu-Hao Tsao, 曹祖豪
• Other Authors: Mei-jui Sun
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/44367822312901814292

碩士 === 銘傳大學 === 國際企業學系碩士班 === 103 === Taiwan is based on the proportion of Small and Medium Enterprises in the economy. This study focuses on Small and Medium Enterprises which are lack of technical and, financial resources how to survive and internationalize. Due to the boom development of Taiwan''s Small and Medium Enterprises, which have to face the severe competition in the domestic markets, this study investigates whether their performance can be effectively improved by the internationalization, and whether their entering the different markets and the degrees of internationalization will have different results. This study explores 491 listed enterprises which Small and Medium Enterprises during the period from 2008 to 2013 in Taiwan, comparing with these five intangible assets (financial intangible assets, social ties, outside directors, corporate international experience and innovation capability) and investigates corporate performance relationship between five assets and the degree of internationalization and internationalization route. First of all, this study exames the relationship among the intangible assets (Financial intangible assets, Social ties, Outside directors and Innovation ability), the internationalization (level, route and experience) and corporate performance. Then, the impact on internationalization by the intangible assets for Small and Medium Enterprises. Finally, this study investigates the interaction of intangible assets and internationalization of SMEs on their corporate performance. The results show that intangible assets is positively associated with corporate performance, Small and Medium Enterprises with more intangible assets, have better performance. Outside Directors and innovation ability are positively associated to corporate performance. The interactions of social ties and internationalization can strengthen positive impact their corporate performance.