併購與策略聯盟在公司理財文獻之回顧與展望:亞洲市場之研究

Translated title of the contribution: Review of M&A and Joint Ventures in the Field of Corporate Finance: Asia as the Case Study

Ying Jiuan Wong, Shao-Chi Chang

Research output: Contribution to journalReview article

Abstract

A firm needs to engage in various corporate investments in order to grow and ensure sustainable operations. When opportunities for internal growth (innovation investment or capital investment) are limited and financial goals are not achieved, a firm may then turn to external growth methods (M&A, equity-based alliances such as joint ventures, and nonequity- based alliances) to achieve its growth objective. This study focuses on external growth strategies by revisiting the relevant literature that sampled data from the Asian market, and was published in TSSCI or A Tier SSCI financial journals from 2000 to 2015. Journals that touched upon M&A, joint ventures and strategic alliances were targeted. Following the research format within these journal articles, topics were then divided into two categories: M&A and alliances. Additionally, Taiwanese companies have a prevalence of family businesses, supply chains with closed networks and business groups. These unique characteristics of Taiwanese companies give scholars an opportunity to develop research focused on M&A and alliances. Taiwanese companies provide good data on niche acquisitions and alliances for researchers to examine. This study, through a systematic analysis, sheds light on potential future research topics and studies related to M&A and alliances based on data collected in Taiwan.

Original languageChinese
Pages (from-to)163-214
Number of pages52
JournalNTU Management Review
Volume27
Issue number3
DOIs
Publication statusPublished - 2017 Sep 1

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Joint ventures
Asia
Corporate finance
Alliances
Strategic alliances
Equity
Capital investment
Taiwan
Family business
Growth strategy
Niche
Supply chain
Innovation
Corporate investment
Business groups

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)

Cite this

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title = "併購與策略聯盟在公司理財文獻之回顧與展望:亞洲市場之研究",
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併購與策略聯盟在公司理財文獻之回顧與展望:亞洲市場之研究. / Wong, Ying Jiuan; Chang, Shao-Chi.

In: NTU Management Review, Vol. 27, No. 3, 01.09.2017, p. 163-214.

Research output: Contribution to journalReview article

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