在知識經濟時代，電子工業環境趨於成熟的環境下，無形資產是企業成長的重要關鍵。台灣電子工業發展至今近四十年，建構完善電子產業生態鏈，在全球站穩關鍵性地位，佔國內GDP產值之比例也非常高。
而併購是企業獲取商譽和無形資產的重要手段，對於電子工業來說，尤為重要。而Tobins’Q利用公司市值為產出指標來衡量廠商之技術創新或品牌形象等無形資產的價值，能反映無形資產在公司未來的成長機會。因此本研究欲探討電子工業和非電子工業併購取得之商譽和無形資產佔贈購價格之比例，了解其差異，並以Tobins’Q值作為公司價值之衡量，探討電子工業和非電子工業於併購當年和併購後所取得之商譽和無形資產是否能增加公司價值。
本文實證結果顯示，電子工業相對於非電子工業因併購所取得商譽和無形資產佔併購價格比例愈高，公司價值在併購後逐年提升度愈大，而電子工業相較於非電子工業更為顯著，顯示出無形資產及商譽在知識經濟時代之重要性。 / In a knowledge-based economy, the electronics industry is driven to maturity stage . Therfore , the intangible assets are the keys to enhance the coporations’ performance. The electronics industry has developed nearly 40 years ,building the perfect economic chain .Now it’s the key position in the world . The electronics industry also has higher propotion of GDP than before .
Merge and acquisition is an important method to aquire Goodwill & Intangible assets , except for the electronics industry . Tobins’Q can reflect the opportunity the future of the coporation .Therefore , this research aims to the propotion of acquisition price which is different between electronics industry and non- electronics industry . The research also adopts Tobins’Q as measuring the value of coporation , which aims to define the relationship between Goodwill & Intangible Assets .
The empirical results are as follows. The total acquired intangible assets of the propotion of acquisition price are positively associated with the coporation value , and electronic industry is more positive than non-electronic industry .The electronic industry’s Tobins’Q , which means the value of coporation , will be increase year by year .
| Identifer | oai:union.ndltd.org:CHENGCHI/G0103353010 |
| Creators | 秦子菱 |
| Publisher | 國立政治大學 |
| Source Sets | National Chengchi University Libraries |
| Language | 中文 |
| Detected Language | English |
| Type | text |
| Rights | Copyright © nccu library on behalf of the copyright holders |
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