| Summary: | 碩士 === 國立臺北大學 === 國際財務金融碩士在職專班 === 93 === The Impacts of Mainland China Investment Scale on Financial Performance , Using Listed Motherboard and PC Board Companies as Examples
by
PAI, MEI-NA
June 2005
（Month and year of commencement）
ADVISOR(S): Professor Liang, Shih-An 、Professor Goo, Yung-Chia
DEPARTMENT：EXECUTIVE MASTER OF BUSINESS ADMINISTRATION IN
INTERNATIONAL FINANCE
MAJOR：INTERNATIONAL FINANCE
DEGREE：MASTER OF BUSINESS ADMINISTRATION
Abstract
In recent years, with loosening governmental bilateral economic policies, the investment scale of Taiwanese enterprises in Mainland China has increased. The thesis is concerned with know the beneficial result of this tendency.
Through data analysis, the report focuses on the influences of investment scale and the financial performance at listed Motherboard and PC Board companies in Mainland China. The research duration is between 1999-2003 with data divided into years. The research samples are composed of all registered Taiwanese companies with exports to China’s Motherboard (MB) and PC Board (PCB) companies that have authorization from the investment commission.
The discoveries and conclusions are as follows using regression analysis:
1. Industries category & parent company’s scale impact the investment scale of enterprises in Mainland China.
The research shows that industries category & parent company’s scale positively impacted the investment in Mainland China. In detail, the MB Industry made more investment than the PCB industry was found.
2. Parent company investment scale in Mainland China is noticeably dependant on its financial performance.
The research shows that the investment scale in Mainland china is positively influenced by the revenue income and productivity value of a company’s financial performance. On the other hand, investment scale in Mainland China is negatively influenced by a company’s financial performance on ROE and ROA.
3. In terms of overall industry, investment scale in mainland china will impact on a parent company’s financial with respect to industry category and the parent company’s asset scale.
The research shows that the investment scale in Mainland China and a parent company’s assets positively influence related to the revenue income and productivity vale of its financial performance. Parent company’s assets positively influence its ROE and ROA.
4. In terms of individual industry, the scale of investment in Mainland China will impact on a parent company’s financial with respect to the parent company’s scale.
The research shows that the investment scale in Mainland China on both MB & PCB industries are positively influence related on Parent company’s revenue income and product value. Parent company’s assets on both MB & PCB industries are positively influence related on their revenue income, product value, ROE and ROA.
According to the above statement, from the view point of business management, enterprises should consider the following points when investing in Mainland China:
1. Increasing the utilities of Assets
2. Creating growth of stockholder’s profit rate for return of investment.
3. Paying attention to the domestic information of Taxation
4. Considering the fluctuation of international exchange rate.
5. Reducing the asset loss’ impact from the government’s NO.35 Public Statement
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