| Summary: | 碩士 === 國立臺北科技大學 === 經營管理系碩士班 === 103 === Companies frequently use strategic alliances to survive in a competitive market. However, strategic alliances failure is about 40%. The purpose of this research is to understand strategic alliance failures. This study analyzed 136 companies, which took strategic alliances from 2000 to 2012. Companies&;#39; past financial figures were used to evaluate performances, including size, free cash flow, Tobin&;#39;s Q and debt ratio, etc.
Its different past form qualify factors of decision-making researches, this study form financial quantity data research results showed that in Taiwan stock market, free cash flow and debt ratio before alliances are significantly positive. This suggests that firm managers seeking for alliances can evaluate companies past financial figures or specifically analyze their free cash flow and debt ratio for an effective collaboration in competitive business environments.
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