Effects of Outward FDI on Manufacturers' Export Competitiveness The Role of Location and R&D

• Main Authors: HO,WEN-CHENG, 何文程
• Other Authors: HSU,WEN-CHUNG
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/36nt9h

博士 === 國立暨南國際大學 === 國際企業學系 === 108 === One of the most controversial questions concerning Outward Foreign Direct Investment (FDI) is how it impacts the export competitiveness of companies in their home countries. Specifically, the issue is whether foreign production supplements or supplants the export of the parent company or the company in its home country. While the field has developed critical theories and some econometrics research results, controversy remains on how FDI impacts home country export. Several research findings indicate that the relationship between FDI and home country export is reciprocal. Other research results indicate that the correlation between FDI and home country export is supplantive. Some research even identified both positive and negative impact. The research results show that there are further questions to be answered regarding the impact of FDI on home country export. Many earlier studies leaned towards Macro-level, with aims focused on the comprehensive correlation between FDI and home country export. However, these studies were unable to demonstrate the significant heterogeneity between different investment locations and research investments. A possible approach that can resolve the contradictory results is to begin at the firm level, using corporate characteristics of listed firms and regional differences for data analysis. This study used data of listed firms and deconstructed the investment structure of Taiwan’s electronics industry for the past twenty years. The research results show that the foreign investment activities headed by Taiwan’s electronics industry has gradually dissociated from the previous labor-intensive industrial model, and shifted towards knowledge- and technology-intensive model. This study also found that, due to the shared geographical location, culture, and language between Mainland China and Taiwan, Taiwan’s firms can effectively supplement home country export value by establishing production units in Mainland China.