台灣集團企業之中國大陸市場成長:管理限制觀點

Translated title of the contribution: Taiwan Business Groups Growth in Chinese Market: Managerial Limitations Perspective

Wen-Ting Lin, Man Chi Li

Research output: Contribution to journalArticle

Abstract

This paper examines the managerial limitations, mostly concerning those business groups whose headquarters are in Taiwan and the group-affiliated firms are investing in China. We used cross section data on China-oriented investment undertaken by 194 business groups from 2008 through 2012 to test the hypotheses. The empirical results indicate that business groups face a different degree of managerial limitations in various locations, and in particular, that the smallest managerial limitations occurred in Central China. Moreover, (1) when business groups invest in many areas at the same time and (2) the equity stake in group-affiliated firms held by business-group headquarters is low, the Penrose effect would be low. Finally, when business groups have rich diversified experiences, the Penrose effect owing to business groups' growth in Chinese market would be weakened.

Original languageChinese
Pages (from-to)205-232
Number of pages28
JournalNTU Management Review
Volume28
Issue number3
DOIs
Publication statusPublished - 2018 Dec 1

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Business groups
Taiwan
Chinese market
China
Penrose
Headquarters
Investing
Empirical results
Equity
Cross section

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)

Cite this

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台灣集團企業之中國大陸市場成長:管理限制觀點. / Lin, Wen-Ting; Li, Man Chi.

In: NTU Management Review, Vol. 28, No. 3, 01.12.2018, p. 205-232.

Research output: Contribution to journalArticle

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