| Summary: | 碩士 === 國立中正大學 === 會計與資訊科技學系碩士在職專班 === 105 === Prior studies once documented the phenomenon of the capital inflows bonanzas. Namely, real estate prices will go up after a large scale capital inflow. Employing multi-national enterprises in Taiwan, this study finds that companies with higher overseas investment have lower financial performance. This may arises from far distance, cultural and language barriers, differences in technology and consumer preferences, etc. In particular, the demand for large fund to purchase property, equipment, and set up factories overseas in the computers and the associated peripherals industry contributes to the underperformance of these multi-national enterprises. From the real estate price perspective, results show that global weighted real estate prices do affect the performance of multi-national enterprises, implying that performance will be higher when multi-national enterprises purchase real estate at a lower price.
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