The Impact of Imitation and Uncertainty on Foreign Investment / 模仿行為與不確定性對海外投資影響之探討

碩士 / 國立暨南國際大學 / 國際企業學系 / 92 / We know that the international investment decision entails significant resource constraints and information challenges because of the limited scope for application to new geographic markets of an organization’s knowledge and the production and marketing capabilities acquired in its prior market activities.
Recently researchers in the organizations literature have long noted that the tendency of firms to avoid and reduce uncertainty. One prominent mechanism for addressing uncertainty is imitative behavior. The imitation of past behavior can provide legitimacy to a similar, or past behavior can provide information cues that narrow the range of uncertainty. This study examining imitation under uncertainty draws a distinction between firm-specific uncertainty and policy uncertainty.
The time period of 1994-2001 is selected, and 210 public companies in textile, electric machinery, steel, and electronic industries were chosen as objects of study. This study uses a logistic regression model to test the hypotheses.
The findings indicate that the number of prior investments by other firms is positive related to the probability of investment of a firm in the same industry. There indeed exist the imitative behaviors inter-firms. The level of political uncertainty of that country is negatively related to the probability of investment. As for the moderating effect of firm-specific uncertainty and policy uncertainty, both of them strengthen significantly the imitative behaviors inter-firms.

Identiferoai:union.ndltd.org:TW/092NCNU0320003
Date January 2004
CreatorsWu, Tung-Ying, 吳東穎
ContributorsChung, Hsien-Jui, Chen, Chun-Chung, 鍾憲瑞, 陳俊忠
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format71

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