THE EFFECT OF INTERNATIONAL DIVERSIFICATION AND COMPANY IDENTITY ON OPERATING PERFORMANCE-EVIDENCE FROM JAPANESE TEXTILE FIRMS

• Main Authors: Pin-Chieh Kao, 高品婕
• Other Authors: TZU-PING HO
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/9g4h5f

碩士 === 銘傳大學 === 國際企業學系碩士班 === 103 === There are so many strategies to make companies shorten their cost and enhance their financial performance. And one of these strategies that will be mentioned is diversification. If a company want to diverse, it must have Foreign direct investment(FDI). According to government of Japan, these data show that manufacturing or non-manufacturing companies which their investment amounts nearly increased every years. But after we experienced FinancialTsunami, every country had faced a critical problem about how to rebuild their economic conditions. As we know, Japan also suffered from Financial Tsunami and we can easily know by seeing many evidences of Japan''s FDI records. Textile industry is one of the important roles in Japan industry, it built the whole economics basis in the beginning stage. In this thesis, we want to discuss how companies attempt diversification strategy can affect their financial performance, especially Japanese textile firms. And we also further discuss company identity-LEV and company size affect the relationship between diversification and financial performance. We choose Japanese textile 26 companies, and these total 130 observations are selected from year of 2009 to 2013. Before using panel data regression, these data need to be examined by Hausman test in order to decide using fixed-effect model to complete our result. As a result, it shows that Japanese textile company which attempt strategy of diversification during year of 2009 to 2013 definitely can enhance their financial performance. Besides, company identity also affect the relationship between diversification and financial performance. Furthermore, LEV will negative affect and company size will positive affect the relationship between diversification and financial performance respectively.