| Summary: | 博士 === 國立政治大學 === 企業管理學系 === 89 === In the past, academic researchers of FDI and MNCs made much more effort on the issues of "why", "who", "where" and "how" than on the issue of "when". The purpose of this thesis is aimed at filling this theoretical gap and provides an integrated framework. By analyzing the effects of strategic active factors (strategic fit, the perception of environment uncertainty, international experience, and global strategy) and strategic passive factors (follow competitors, follow non-competitors, and follow customers) on FDI timing, we could explains the entry order difference in a particular foreign country between early entrants and late entrants.
The study collects 111 foreign investment cases from computer, textile, and shoes industries and adopts the two independent t-test and logistic regression model to make statistical inference. And the proposed hypotheses are nearly all supported. In the strategic active factors related hypotheses: Compared with late entrants, early entrants more focus the degree of strategic fit, the global strategy importance of host country, and perceive lower uncertainty of law-related environment in host country. In strategic passive factors related hypotheses: compared with early entrant, late entrants focus more if main competitors and domestic suppliers invest the particular country or not.
Firms that own rich general international experience will not be the early entrants of the particular country, in that they both know the opportunity and danger of the foreign market; Controlling the cultural effect, we prove early involvement into host country speeding up the local production activities. The reasons of non-significant follow-customers effect is mainly attribute to the degree of connection in our sample weaker than traditional studies''''''''.
In further research suggestions, this study find the first mover''''''''s advantage exists. Hence, the next step we expect will be the exploration of first mover''''''''s advantage mechanism. By using alternative research methods like survival function or experimental approach, both we can compare the results with ours to gain robust conclusions, and release some limitation of this study.
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