博士 / 國立政治大學 / 企業管理學系 / 89 / Abstract
The development of economy in Taiwan was bounded in the past few years owing to its limited natural resources, rising labor cost, and what worse, an unstable political environment. The multinational businesses were seeking opportunities of foreign direct investment (FDI) to surmount the restriction. It is not unusual for a successful business to fail from international arena in that the political, policy, and macroeconomic uncertainty far beyond their expectation when they operate in a domestic environment. In this research we try to explore and to get an improved understanding of the relationship between environmental uncertainty and risk management strategy in the perspective of resource.
We try to answer the following questions: What would be the optimal typology that matches the types of perceived environmental uncertainty, business resource, and the strategies of risk management? The hypotheses are derived from literature review and empirical investigations of nine FDI cases from six MNEs. For example, the MNEs should use “self-control strategy” when they have abundant resources and when the environmental uncertainty is high. The “cooperative strategy” is adopted when they have abundant resource and when the level of environmental uncertainty is medium. The “risk-shifting strategy” is recommended when they have limited resources and face with high environmental risk. When the environmental uncertainty is medium and business have limited resources the “buffer strategy” is considered. Our arguments derived from theoretical reasoning as well as field observations are beneficial to Taiwanese MNEs.
The empirical sample is restricted to the following qualifications: (1) companies with investments materialized in the period 1994 through 1999 and remained tractable in 2000; (2) companies in electronic industry or textile industry and have fiscal operations or in accompanying with marketing activities in mainland China; (3) the investments in mainland China are identical to their counterparts in Taiwan; (4) home companies in Taiwan hold at least 50% of the shareholding of the investment in mainland China. We use the sampling approach for empirical study. There are 142 effective samples out of 169 respondents, including 74 (52.1%) electronic companies and 68 (47.9%) textile companies.
We use frequency analysis, Chi-squared, t and z statistics, factor analysis, canonical correlation, and multi-nominal logistical regression model in empirical testing. The results verify hypothesis 1 that the more abundant resources the companies have, the lower perceived environmental uncertainty. Hypothesis 2 that the level of a company’s resource and perceived uncertainty of political environment affect company’s risk management strategy gets mixed support. Hypothesis 3 that the level of company’s resource and perceived uncertainty of governmental policy affect company’s risk management strategy receives partial support. Hypothesis 4 that the level of company’s resource and perceived uncertainty of macro-economy affect company’s risk management strategy receives partial support. Hypothesis 5 that the level of company’s resource and perceived uncertainty of social environment affect company’s risk management strategy receives partial support. Hypothesis 6 that the level of company’s resource and perceived uncertainty of input resources affect company’s risk management strategy receives partial support. Hypothesis 7 that the level of company’s resource and perceived uncertainty of customers’ consumption affect company’s risk management strategy receives partial support. Hypothesis 8 that the level of company’s resource and perceived uncertainty of competitive environment affect company’s risk management strategy receives partial support. Hypothesis 9 that the risk management strategy is affected regional factor is supported.
| Identifer | oai:union.ndltd.org:TW/089NCCU0121078 |
| Date | January 2001 |
| Creators | Wei-Yuan Wang, 王維元 |
| Contributors | , 司徒達賢, 于卓民 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 291 |
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