Does Board's Experience of Foreign Direct Investment Matter?The Event of Greenfield Announcement of US Firms / 董事經驗能否增進企業海外投資之績效?--以美國企業海外獨資新設事業宣告為例

碩士 / 國立臺北商業技術學院 / 財務金融研究所 / 98 / Greenfield investment is the most difficult form of foreign direct investment. Unlike in international joint ventures/foreign acquisition which can rely on local partners/target firm to provide information and resources, greenfield investment require firms devotion by itself, this make resource aids from board of directors important. We therefore investigate if board's experience of foreign direct investment can help firm performance to succeed in greenfield investment. Greenfield investment involves high level of risk exposure, resource requirement and information requirement. We use 220 samples of Greenfield announcement of U.S. firm to address this issue. We find that board's general international investment experience, specific culture experience and specific country experience generate positive effect on the firm's greenfield performance.

Identiferoai:union.ndltd.org:TW/098NTB05304008
Date January 2010
CreatorsChien-Yi Liao, 廖千儀
ContributorsJung-Ho Lai, 賴蓉禾
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format55

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