The Influence of Foreign Trade Policy and Market Structure Transformation on Financial Performance of Taiwan Auto-Parts Industry

• Main Authors: Lin, Ming-Chang, 林明昶
• Other Authors: Wu, Chung-Chun
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/wzy568

碩士 === 國立宜蘭大學 === 應用經濟與管理學系應用經濟學碩士班 === 107 === After Taiwan joined the World Trade Organization (WTO) on January 1, 2002, The environment and policies of the automobile industry have changed, not only including reducing taxes of imported cars and components, but also cancelling the self-produced rate. These changes resulted that the competition between domestic and imported vehicles had been fierce, even the environment of automobile components industry had been influenced badly. The tariff on imported automobile had been reduced from 29.0% in 2002 to 17.5% in 2010. Since 2011, the imported quota of automobiles had been cancelled, and the automobile industry had no longer been closed. The domestic automobile market had been declining for a long time, but the outstanding achievement of automobile components industry didn’t decline. On the opposite, the domestic automobile factories have grown faster against that trend these years. This phenomenon deserves our further discussion. This research has taken eight domestic listed automobile components companies as an object. The quoted passages ranged from 2002 to 2017. The research has used Data Envelopment Analysis(DEA), Windows Analysis and Regression Analysis, investigating whether there’s any influence of automobile components industry because of the failure of domestic automobile policies and the change of the marketing structure. The conclusions of this research are as follows: 1. The results of DEA The automobile components industry wasn’t obviously affected by the entry into WTO in 2002, the financial crisis in 2008 and the open of automobile imported market in 2011. Especially the automobile lamps industry had behaved the best. Conversely, the automobile tires industry had behaved much worse years and years. 2. The results of regression analysis of financial performance: (1) Common characteristics of the automobile lamps industry performance. During the period of the decreasing of tariff, there was a decreasing trend in financial performance, and that had been rebounded after the period was ended. (2) There’s some different opinions on the influence which the sheet metal components industry had been influenced by the WTO’s decreasing tariff. Being opposite from the automobile lamps industry, the automobile tires industry has some common characteristics in performance and efficiency. (3) The financial performances of that was rising during the decreasing tariffs period, but that had decreased a lot after that.