New Ventures, Value Creation and Income Distribution: An Empirical Study of Taiwan's Electronic Parts and Components Manufacturing Industry

• Main Authors: LIAO,CHEN-HUNG, 廖振宏
• Other Authors: LIN, JWU-RONG
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/329p35

碩士 === 東海大學 === 國際經營與貿易學系 === 104 === The study uses the stepwise regression and ISUR regression to estimate the impact of new ventures and operating strategies on value creation and income distribution. Empirical data includes 4,167 companies from Taiwan’s industrial census data report of 2011. Findings are as follows :(1) The operating scales of new ventures are smaller than those of enterprises that established longer than five years, but the mean of value creation of new ventures is relatively higher. (2) New ventures can significantly increase value added,. However, new ventures do not improve labor income distribution. (3) Operating digitalization increases an enterprise’s returns and value added, but it also causes income inequality. (4) New product and know-how transactions have not shown significant effects on valued added. Furthermore, they have negative effects on labor income distribution. (5) Intangible asset investment significantly increases value added, and improves income distribution. (6) Internationalization of enterprises is not beneficial to value added or labor income, but it is helpful to profit returns. (7) Value added of Taiwan's electronic parts and components manufacturing industry has not shown a significant relationship with operational performance. This situation reflects that Taiwan’s industry is still OEM oriented. (8) In sum, we suggest the government authority to consider evaluating value added for new ventures together with operating strategies, such as income distribution equality to improve social justice.