The Relationship between Internationalization and Corporate Revenue: Evidence from Taiwan’s Information-Electronics Industry

• Main Authors: Hsieh, Huiju, 謝慧如
• Other Authors: Lin, Jwurong
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/63150208768701739000

碩士 === 東海大學 === 國際貿易學系 === 100 === Taiwan’s economy has always been based on export-led growth. Under the trend of globalization, many companies have shifted production bases to foreign countries to be closer to the market or to reduce cost to enhance their international competitiveness. Taiwan’s information-electronics (IE) industry enjoys the most advantages in competitiveness across international markets, with the highest share of foreign direct investment. Focus of this research is hence placed on the IE sector for empirical analysis. This study assesses the relationship between internationalization and corporate revenue with data that cover Taiwan’s listed companies in the IE industry. Both parent-only and consolidated financial statements are analyzed. The econometric methods based on SHAZAM programming is applied for empirical research. The sample period covers five years between 2006 and 2010. The dataset contains a total of 252 companies, resulting in an unbalanced panel of 884 observations. The main data sources include the CMoney and JET databases. In this paper, the fixed effects model and iterative seemingly unrelated regression simultaneously estimate the impact of internationalization on corporate revenue. The empirical results show that internationalization indicators are negatively associated with domestic revenue but positively linked with overseas sales. Keywords: Taiwan’s IE industry; Internationalization; Corporate Revenue