碩士 / 國立彰化師範大學 / 商業教育學系 / 92 / Generally, there are two major motives for foreign direct investment (FDI): asset exploitation and asset seeking. The asset-exploitation perspective emphasizes how firms transfer their proprietary assets across borders and exploit firm-specific advantage to get profits in the host country. The asset-seeking perspective argues that FDI is a means to acquire specific assets available only in a host country and develop their capabilities. According to the rationale of transaction cost theory, wholly-owned subsidiaries are often preferred when firms transfer their specific assets abroad while joint ventures with local partners are preferred when firms attempt to access local strategic assets. Nevertheless, for firms possessing relevant capabilities to acquire specific assets in foreign countries, joint ventures may be no longer the only access to reach the needed assets. These firms with strong capabilities may be competent to acquire assets alone without seeking assistance from local firms. This study suggests that organizational capabilities should be considered together with asset seeking motives when firms decide to invest abroad.
The empirical results show that ownership decision of the asset-seeking firms will be affected by their own capabilities. If a firm’s own capabilities or possessed resources can match or support its strategic motivations, the firm will have more confidence in conducting investment and will be more likely to choose the mode of wholly-owned subsidiaries.
| Identifer | oai:union.ndltd.org:TW/092NCUE5316108 |
| Date | January 2004 |
| Creators | Shin-Yuan Wang, 王信淵 |
| Contributors | Chiung-Hui Tseng, 曾瓊慧 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 134 |
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