| Summary: | 碩士 === 國立臺灣大學 === 經濟學研究所 === 93 === In this thesis, I use the data of newly established firms in Taiwanese electronics industry during 1994 to 2000, summing up to 6466 samples. The Count Data model was specified to empirically study and find out determinants of the new comers. Additionally, survival analysis model is used to analyze trends and factors which are taken into consideration by newly established electronic firms.
The empirical results from negative binomial model with random effects showed that growth rate of specific industries, growth rate of economy, market scale are key positive factors related to the numbers of newly established firms. The other factors such as required capital, minimum efficient scale and entry barriers are negative relations with firm entry. In the dynamic analysis, using different survival model and studying for 1994-2000 years, we found that Log-logistic model is most suitable to explain the behavior of firm entry. Entry rate of new firms in the electronic industry rises during the 1994-1998 period, and reaches highest during 1988-1989. These results are related to business cycle of Taiwan. In addition, there exist different entry rates in the different electronic industries. The fastest one is the electric machinery apparatus manufacturing industry, and the slowest one is the battery manufacturing industry. The different entry barriers in specific industry are probably reason to explain it.
No matter the static behavior analysis about the new firm entry that is counted every year from the electronic industry of three digits, or the dynamic analysis, verifies and issues positive factors about the new firm entry in electronic industry: profit rate, market scale, Taiwan GDP growth rate, growth rate of specific industries, while the entry barriers such as the minimum efficient scale, required capital have negative effect on firm entry. We also found the counter results which showed that the more exit in previous year, the less the new firm entry in the current year. The reason is that the competition of electron industry of Taiwan is fierce, and the market is close to the saturation. Thus, it makes the potential entrants clasp the wait-and-see attitude. A noteworthy one is in addition, some parameters, such as proportion of small and medium-sized enterprises, researching and developing expenditure and export rate, show different effects on the specific industries model (NB model) and individual firms model (survival model). It will need further study and may understand clearly the behavior of the new firm entry.
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