• 沒有找到結果。

第五章 實證結果分析

第三節 研究限制與未來研究方向

二、 西文部分

http://www.epochtimes.com/b5/4/10/27/n701579.htm,2004/10/27。

數 位 時 代 (2004) ,「 高 科 寄 購 併 風 起 雲 湧 原 因 何 在 ? 」, 數 位 時 代 網 頁 , http://www.bnext.com.tw/article/view/cid/0/id/5755,2004/03/01。

數 位 時 代 (2005) ,「 紅 色 併 購 潮 流 竄 全 球 」, 數 位 時 代 網 頁 , http://www.bnext.com.tw/article/view/cid/0/id/3802,2005/09/01。

中 國 評 論 新 聞 網 (2010) ,「 全 球 經 濟 格 局 變 遷 中 的 ” 中 國 式 併 購 ” 」,

http://www.chinareviewnews.com,2010/01/07。

二、 西文部分

Agrawal, A., Jaffe, J. F., & Gershon, N. M. 1992. The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly. The Journal of Finance, 47(4): 1605-1621.

Ahuja, G., & Katila, R. 2001. Technological acquisitions and the innovation

performance of acquiring firms: a longitudinal study. Strategic Management

Journal, 22(3): 197-220.

Anand, J., & Delios, A. 2002. Absolute and relative resources as determinants of international acquisitions. Strategic Management Journal, 23(2): 119-134.

Asquith, P., Bruner, R. F., & Mullins, D. W. 1983. The gains to bidding firms from merger. Journal of Financial Economics, 11(1-4): 121-139.

Aybar, B., & Ficici, A. 2009. Cross-border acquisitions and firm value: An analysis of emerging-market multinationals. Journal of International Business Studies, 40(8): 1317-1338.

Brealey, Richard A. and Stewart C. Myers. 2000. Principles of Corporate Finance, 6th edition. Burr Ridge, IL: Irwin McGraw-Hill.

Bollerslev, T. 1986. Generalized autoregressive conditional heteroskedasticity. Journal

of Econometrics, 31(3): 307-327.

Brigham, E. F., & Gapenski, L. C. 1991. Financial Management: Theory and Practice, 6th edition. The Dryden Press, New York.

Brock, D. M. 2005. Multinational acquisition integration: the role of national culture in creating synergies. International Business Review, 14(3): 269-288.

Brown, S. J., & Warner, J. B. 1985. Using daily stock returns : The case of event studies.

Journal of Financial Economics, 14(1): 3-31.

Chan, C., Isobe, T., & Makino, S. 2008. Which country matters? Institutional development and foreign affiliate performance. Strategic Management

Journal, 29(11): 1179.

Chen, Y., & Young, M. 2010. Cross-border mergers and acquisitions by Chinese listed companies: A principal-principal perspective. Asia Pacific Journal of

Management, 27(3): 523.

Datta, D. K., & Puia, G. 1995. Cross-border acquisitions: An examination of the influence of relatedness and cultural fit on shareholder value creation in U.S.

acquiring firms. Management International Review, 35(4): 337.

Deepak, K. D. 1991. Organizational fit and acquisition performance: Effects of post-acquisition integration. Strategic Management Journal (1986-1998), 12(4): 281.

Doukas, J., & Travlos, N. G. 1988. The Effect of Corporate Multinationalism on Shareholders' Wealth: Evidence from International Acquisitions. The Journal

of Finance, 43(5): 1161-1175.

Engle, R. F. 1982. Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica, 50(4): 987-1007.

Freek, V., & Harry, B. 2001. Learning through acquistions. Academy of Management

Journal, 44(3): 457.

Gubbi, S. R., Aulakh, P. S., Ray, S., Sarkar, M. B., & Chittoor, R. 2010. Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms. Journal of International Business Studies, 41(3): 397-418.

Heather, B. 2006. Shareholder valuation of foreign investment and expansion.

Strategic Management Journal, 27(12): 1123.

Jensen, M. C., & Ruback, R. S. 1983. The Market for Corporate Control: The Scientific Evidence. Journal of Financial Economics, 11(1-4): 5.

Kannan, R. 1997. The performance impact of strategic similarity in horizontal mergers:

Evidence from the U.S. banking industry. Academy of Management Journal, 40(3): 697.

Levy, H., & Sarnat, M. 1970. International Diversification of Investment Portfolios.

The American Economic Review, 60(4): 668-675.

Lewellen, W. G. 1971. A Pure Financial Rationale for the Conglomerate Merger. The

Journal of Finance, 26(2): 521-537.

McWilliams, A., &Siegel, D. 1997. Event studies in management reseearch:

Theoretical and empirical issues. Academy of Management Journal, 40(3):

626-657.

Meckling, M. C. J. a. W. H. 1976. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics (JFE), Vol.

3(No. 4): pp. 305-360.

Michael, L. 1983. Mergers and the performance of the acquiring firm. Academy of

Management. The Academy of Management Review (pre-1986), 8(000002):

218.

Morosini, P., & Singh, H. 1994. Post-cross-border acquisitions: Implementing

`national culture-compatible' strategies to improve performance. European

Management Journal, 12(4): 390-400.

Peter, A. S., & Howard, T. 1986. Using Simulated Mergers to Evaluate Corporate Diversification Strategies. Strategic Management Journal (1986-1998), 7(6):

523.

Piero, M., Scott, S., & Harbir, S. 1998. National cultural distance and cross-border acquisition performance. Journal of International Business Studies, 29(1):

137.

Preet, S. A., Masaaki, K., & Hildy, T. 2000. Export strategies and performance of firms from emerging economies: Evidence from Brazil, Chile, and Mexico. Academy

of Management Journal, 43(3): 342.

Roberto, A. W., & Colin, F. C. 2003. Cultural conflict and merger failure: An experimental approach. Management Science, 49(4): 400.

Salinger, M. 1992. Standard errors in event studies. Journal of Financial and

Quantitative Analysis, 27(1): 39-53.

Seth, A. 1990. Sources of value creation in acquisitions: An empirical investigation.

Strategic Management Journal, 11(6): 431-446.

Singh, H., & Montgomery, C. A. 1987. Corporate acquisition strategies and economic

‧ 國

立 政 治 大 學

N a tio na

l C h engchi U ni ve rs it y

61

performance. Strategic Management Journal, 8(4): 377-386.

Williamson, P. J., & Raman, A. P. 2011. How china reset its global acquition agenda.

Harvard Business Review.

Yadong, L., & Rosalie, L. T. 2007. International expansion of emerging market enterprises: A springboard perspective. Journal of International Business

Studies, 38(4): 481.

開發中國家與已開發國家(Developing and Developed Country)之分 類表

根據UNCTAD(United Nations Conference on Trade Development) 之文件分類,將世界各國區分為開發中與已開發國家,主要的已開 發國家名單又以歐洲、美洲、亞洲與大洋洲分類整理如下:

Developed Economies

European Union Other developed Europe

Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, United Kingdom of Great Britain and Northem Ireland

Andorra, Channel Island, Faeroe Islands, Gibraltar, Holy See, Iceland, Isle of Man, Liechtenstein, Monaco, Norway, San Marino, Switzerland

In America: Canada and the United States of America In Asia: Israel and Japan

In Oceania: Australia and New Zealand

國家名稱非上表所列出者被歸類開發中國家,而本研究所選用 的樣本(台灣和中國)也屬於聯合國定義之開發中國家。

相關文件