| Summary: | 碩士 === 東海大學 === 管理碩士在職專班 === 98 === March 12, 2007 New Century Financial Corporation declared bankruptcy. At that time U.S. sub-prime mortgage crisis was brewing. This caused financial tsunami effects throughout the world with devastating economic consequences such as collapse of consumer/investor confidence which resulted in severe global economic downturn. It also dragged Taiwan into deep recession. The stock market dropped steeply. Personal and corporate wealth sharply slumped.
Being a representative of developmental states, government used to play an essential role and adapted all the policy with emphasized in certain industry. For example; machine tool industry, the semiconductor industry, TFT-LCD panel industry.
At the perspective of industry clusters, this study explores how machinery and equipment industry in Taiwan was affected by financial tsunami, which includes machine tool industry, the semiconductor industry, and TFT-LCD panel industry. The subjects were categorized into two groups, traditional equipment and electronic equipment. These two groups were researched respectively how they were affected by the financial tsunami and how they react to the crisis with views of market concentration, customer concentration, technology intensity, and product line breadth.
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