簡易檢索 / 詳目顯示

研究生: 路曉瑜
Chooprasoot, Sukumaporn
論文名稱: 影響台灣的投資者在泰國績效成長之因素
The Study of Determinant of Performance of Taiwanese Companies in Thailand
指導教授: 康敏平
Kang, Min-Ping
學位類別: 碩士
Master
系所名稱: 管理研究所
Graduate Institute of Management
論文出版年: 2015
畢業學年度: 103
語文別: 英文
論文頁數: 60
中文關鍵詞: Foreign Direct Investment (FDI)Growth RateThailandTaiwanese Firms
英文關鍵詞: Foreign Direct Investment (FDI), Growth Rate, Thailand, Taiwanese Firms
DOI URL: https://doi.org/10.6345/NTNU202204689
論文種類: 學術論文
相關次數: 點閱:108下載:7
分享至:
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報
  • ABSTRACT

    This study’s goal is to identify and analyze the factor affecting the growth rate of Taiwanese firms who invested in Thailand. The analysis will be based on the companies which Taiwanese people hold one or more people to invest in Thailand from 2008 to 2012. The data has been collected from Department of Business Development (DBD), Board of Investment of Thailand (BOI), and National Statistical Office (NOS) as well as relate literatures and information media. Subsequently, the study employed Multiple Regression Analysis method to test independent variables which influent the growth rate of Taiwan company investment in Thailand.
    The result show that factors affecting the growth rate of firms are (1) property, plant and equipment which indicate if the amount of investment increase would result as the average of growth rate (ROA) had decrease. (2) resource- seeking, which test reveal negative result as the marketing seeking firms are performing better than resource-seeking. And (3) the companies which has Taiwanese shareholders owned 100% increase would result as average of growth rate (ROA) will also increase. Thus, these 3 factors are sub national factors which affecting the growth rate of Taiwan company investment in Thailand.

    Keywords: Foreign Direct Investment (FDI), Growth Rate, Thailand, Taiwanese Firms

    ABSTRACT

    This study’s goal is to identify and analyze the factor affecting the growth rate of Taiwanese firms who invested in Thailand. The analysis will be based on the companies which Taiwanese people hold one or more people to invest in Thailand from 2008 to 2012. The data has been collected from Department of Business Development (DBD), Board of Investment of Thailand (BOI), and National Statistical Office (NOS) as well as relate literatures and information media. Subsequently, the study employed Multiple Regression Analysis method to test independent variables which influent the growth rate of Taiwan company investment in Thailand.
    The result show that factors affecting the growth rate of firms are (1) property, plant and equipment which indicate if the amount of investment increase would result as the average of growth rate (ROA) had decrease. (2) resource- seeking, which test reveal negative result as the marketing seeking firms are performing better than resource-seeking. And (3) the companies which has Taiwanese shareholders owned 100% increase would result as average of growth rate (ROA) will also increase. Thus, these 3 factors are sub national factors which affecting the growth rate of Taiwan company investment in Thailand.

    Keywords: Foreign Direct Investment (FDI), Growth Rate, Thailand, Taiwanese Firms

    TABLE OF CONTENTS ABSTRACT i ACKNOWLEDGEMENT ii LIST OF TABLES vi LIST OF FIGUES vii Chapter 1 Introduction 1 1.1 Foreign Direct Investment in Thailand 1 1.2 Outward Foreign Direct Investment (OFDI) of Taiwan 3 1.3 Relation of Taiwan investment in Thailand 3 1.4 Agreement between Thailand and Taiwan 4 1.5 Objective of study 5 1.6 Scope of the research 6 1.7 Methodology of the research 7 1.8 Contribution of research 7 Chapter 2 Theoretical Background 8 2.1 Foreign Direct Investment Theory 8 2.2 The OLI Framework 8 2.3 International Investment Theories 9 2.4 Factor as Drivers of Foreign Investment 10 2.5 Location Theory 11 2.6 Location of FDI in Thailand 12 2.6.1 The North 13 2.6.2 The Northeast 14 2.6.3 The Central Plain 15 2.6.4 The East 15 2.6.5 The West 16 2.6.6 The South 17 2.7 Resource Seeking: Product Categories 21 2.8 Labors Resource 24 2.9 Investment Zone 27 2.10 Investment Zone in Thailand 28 2.11 Industrial Estate Authority of Thailand Zone 28 Chapter 3 Research Methodology 30 3.1 Data use in this study 30 3.2 Variable 31 3.3 Research Methodology 31 3.4 Data Analysis 32 Chapter 4 Data Analysis and Finding 34 4.1 Measurement 34 4.1.1 Dependent Variable 34 4.1.2 Independent Variable 35 4.1.3 Control Variable 35 4.2 Data Analysis and Result 35 Chapter 5 Conclusion and Recommendations 42 5.1 Conclusion 42 5.2 Contribution 42 5.3 Limitations 43 5.4 Discussion 43 5.5 Recommendations 45 References 47 Appendix 52

    REFERENCE
    English
    1. Balamurali, N., & Bogahawatte, C. (2004). Foreign Direct Investment and Economic Growth in Sri Lanka. Sri Lanka Journal of Agricultural Economics, 6(1), 37-50.
    2. Bende-Nabende, A., J, Ford., & J, Slater. (2001). FDI, Regional Economic Integration and Endogenous Growth: Some Evidence from Southeast Asia. Pacific Economic Review, 6(3), 383–399.
    3. Bockem, S., & Tuschke, A. (nd). A tale of Two Theories: Foreign Direct Investment Decisions from the Perspectives of Economic and Institutional Theory. Retrieved from http://ideas.repec.org/a/sbr/abstra/v62y2010i3p260-290.html
    4. Boddewyn, J. J. (1985). Theories of Foreign Direct Investment and Divestment: A Classificatory Note. Management International Review, 25(1), 57-65.
    5. BOI foreign Indirect Investment. (2010). International Business Surveys Giving High Marks to Thailand TIR,. Retrieved from http://www.boi.go.th/tir/issue_content.php?issueid=76;page=161
    6. Borensztein, E., Gregorio, J.de., & Lee, J. (1998). How Does Foreign Direct Investment Affect Economic Growth?. Journal of International Economics, 45(1), 115-135.
    7. Brems, H. (1970). A Growth Model of International Direct Investment. The American Economic Review 60 (3), 320-331.
    8. Brooks C.H., & Yehuda ,B. (2008). Survey response rate levels and trends in organizational research. Journal of Human Relations, 61(8), 1139-1160. doi: 10.1177/0018726708094863.
    9. Buda John., Khalid, N. M., & William, A. Montgomery. (1999). Multi-Country Evaluation of Trade Imbalances: Taiwan. The Elliott School of International Affairs, The George Washington University. Retrieved from http://internationalecon.com/tradeimbalance/taiwan.html
    10. Chang, Ching-huei., & Peter W. H. Cheng. (1992). Tax Policy and Foreign Direct Investment in Taiwan. Retrieved from http://www.nber.org/chapters/c8522.
    11. Corcos, G., Del Gatto, M., Mion, G., & Ottaviano, GIP. (2012). Productivity and Firm Selection. Quantifying the New Gains from Trade. Economic Journal. Royal Economic Society, 70(255), 878-1179.
    12. Dunning, J.H. (1977). Trade, location and economic activity and the multinational enterprise: a search for an eclectic approach In Ohlin. B., P. Hesselborn, & P.Wijkman, editors, The International Allocation of Economic Activity. London: MacMillan.
    13. Dunning, J. H. & Narula (1980). Foreign Direct Investment and Governments. London and New York : Routledge.
    14. Dunning, J.H. (1993). Multinational Enterprises and the Global Economy. Wokingham: Addision-Wesley.
    15. Dunning, J. H., & Gray, H. P. (2003). Extending the Eclectic Paradigm in International BusinessEssays in Honor of John Dunning, Cheltenham. Northampton, MA UK: Edward Elgar.
    16. Eiselt, H. A., Vladimir Marianov. (2011). Foundations of Location Analysis: Theory Johann Heinrich von Thünen (1783–1850). Spring street, NY: Springer Science+Business Media.
    17. Grosse, R. and Trevino, L. J. (1996). Foreign Direct Investment in the United States: An Analysis by Country of Origin. Journal of International Business Studies, 27(1), 139.
    18. Harding, Torfinn., & Beata Javorcik. (2013). Investment promotion and FDI inflows: Quality matters. CESifo Economic Studies, 59(2), 337.
    19. Helpman, E. (1984). A Simple Theory of International Trade with Multinational Corporations Journal of Political Economy, 92(3), 451–471.
    20. Helpman, E. (2006). Trade, FDI, and the Organization of Firms. Journal of Economic Literature, 44(5), 589–630.
    21. Hiratsuka, D. (Eds.). (2006). Vertical Intra-Regional Production Networks in East Asia: A Case Study of the Hard Disc Drive Industry. In East Asia’s De Factor Economic integration. London: Palgrave Macmillan.
    22. Hoenenand, A. K., & Hansen, M. W. (2009), Oligopolistic competition and foreign direct investment: (Re-) Integrating the strategic management perspective in the theory of multinational corporations (CBDS No. ISBN 978-87-92111-10-4). Frederiksberg, Denmark. Copenhagen Business School.
    23. Hymer, S. (1976). The international Operation of Nations Firms: A Study of Foreign Direct Investment.(Unpublished Doctoral dissertation). Cambridge, ML press.
    24. Investopedia, LLC. (2015).Marginal Propensity To Invest. Retrieved from http://www.investopedia.com/terms/m/marginal-propensity-invest.asp
    25. Lin, Jih-Wen. ( 2008). Transition through Transaction: Taiwan’s Constitutional Reforms in the Lee Teng-hui Era. in Dafydd Fell, ed. The Politics of Modern Taiwan: Critical Issues in Modern Politics.
    26. Lin, miao-jung. (2002, August 28). NSC Official Claims ‘Go South Policy’ Would help Security. Taipei times, pp.3.
    27. Lin, P., & Saggi, K. (2010). FDI in a Two-Tier Oligopoly: Coordination, Vertical Integration, and Welfare. Journal of International Economic Review, 52(4), 1271-1290.
    28. Ministry of Economic Affairs (MoEA) Taiwan. (1997). The Investigation Report on the Outward Investment by Manufacturing Industry (in Chinese).Taipei: Ministry of Economic Affairs.
    29. Morgan, R. E, and C. S. Katsikeas, (1997). Theories of International Trade, Foreign Direct Investment and Firm Internalization: A Critique (ISBN No. 0021-1747) Cardiff Business School. University of Wales, UK: MCB University Press.
    30. Murray Scot Tanner. (2006). Chinese Economic Coercion against Taiwan: A Tricky Weapon to Use. The Republic of China. Retrieved from http://www.ey.gov.tw/en/cp.aspx?n=3631FF42F7C43544
    31. Nachum L. (2002). International business in a world of increasing returns. Management International Review Forthcoming, 2003(4), 439-441.
    32. Pant, M. (1995), Foreign Direct Investment in India: The issues involved. New Delhi: Lancers Book.
    33. Pervez, N., Ghauri, Ulf Elg., & Rudolf, R . Sinkovics. (Eds). (2004) Foreign Direct Investment: Location Attractiveness for Retailing Firms in the European Union, In: European Union and the Race for Foreign Direct Investment in Europe (pp. 407-428). Oxford: Pergamon.
    34. Peter, Brimble., Hataichanok Techaratanawiroj., & Atchaka Sibunruang. (2002). Foreign Direct Investment: Performance and Attraction The Case of Thailand Paper present at the The Brooker Group plc and Atchaka Sibunruang of the Thailand Board of Investment Retrieved from https://www.imf.org/external/pubs/ft/seminar/2002/fdi/eng/pdf/brimble.pdf
    35. Sethi, D., Guisinger, S. E., Phelan, S. E., & Berg, D. M. (2003). Trends in Foreign Direct Investment Flows: A Theoretical and Empirical Analysis. Journal of International Business Studies, 34(4), 315-326.
    36. Shelley Rigger. (2011). Why Taiwan Matters -Small Island, Global Powerhouse. Lanham, MD: Rowman & Littlefield.
    37. Shin, Yi Peng. (1998). Economic Relations between Taiwan and Southeast Asia: A Review of Taiwan’s “Go South” Policy,” Wis. Int’l L.J. 16, pp. 641.
    38. Talamo, G. M. C. (2007). Institution, FDI and the Gravity Mode. (Unpubliced doctoral dissertation). Università di Palermo, Italy.
    39. UNCTAD Statistics index. (2013). Inward foreign direct investment flow in South East Asia, annual 2000-2012. Retrieved from http://unctadstat.unctad.org/TableViewer/chartView.aspX
    40. UNCTAD, (2012). Towards A New Generation of Investment Policies (UNCTAD/WIR/2012): World Investment Report 2012. Retrieved from http://unctad.org/en/pages/DIAE/World%20Investment%20Report/WIR-Series.aspx
    41. Wen, Chen Kuo. (1997). The Review and Future Prospect of Taiwan’s Outward Investment. Economic Outlook, 54(11), 57-59.
    42. Wilhelms, S. K. S. (1998). Foreign Direct Investment And Its Determinants In Emerging Economies. Paper presented at United States Agency for International Development Bureau for Africa Office of Sustainable Development Washington, D.C. Retrieved from http://pdf.usaid.gov/pdf_docs/PNACF325.pdf
    43. World Data Bank World B. (2013). Foreign Direct Investment. Retrieved from http://databank.worldbank.org/data/views/reports/tableview.aspx
    Thai
    44. Akkesuwan, Patcharaporn. ( 2005). Foreign Direct Investment and Economic Growth. (Unpublished master’s thesis). Faculty of Economics, Chaingmai University.
    45. Boonlua, Sutana. (2001). A Comparative analysis of the US and Japan FDI in Thailand. Journal of Academy of business and Ecoomics, 11(3), 272-484.
    46. Chitchuay, Apirat, (2011). The Factors Determinant Foreign Direct Investment in Thailand. (Unpublished Master's thesis). Depart of Economics, Kasetsart University.
    47. Eiamrahong, Amornchai. (2007). Factors affecting Foreign Direct Investment in Malaysia, the Philippines and Thailand. (Unpublished Master’s Thesis). Faculty of Economics, Chaingmai University.
    48. Jit, Apirat. (2001). The Factors Influencing Foreign Direct Investment in Thailand. (Unpublished Master’s Thesis). Faculty of Economic., Kasetsart University.
    49. Kohpaiboon, A, (2003). Foreign Trade Regimes and the FDI-Growth Nexus: A Case Study of Thailand. The Journal of Development Studies, 40(2), 55-69.
    50. Office of the Securities and Exchange Commission. (2014). Building Bridges annual 2014. Retrieved from http://www.sec.or.th/TH/Documents/Information/annual_reports/ann2557.pdf
    51. Phomdontree, Laddawan. (2007). The relationship foreign direct investment and macro-economic variables in Thailand. (Unpublished Master’s Thesis). Faculty of Economics, Ramkhamhaeng University.
    52. Tanasritanyakul, Alongkorn. (2011). Foreign direct investment. Retrieved from http://www.econ.tu.ac.th/doc/news/409/econtu_40_alongkorn.pdf

    下載圖示
    QR CODE