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E91022
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廠商合併與其生產力:台灣製造業廠商之驗證
Mergers and Productivity: Evidence from Taiwanese Manufacturing Firms
1.林惠玲
1.Hui-lin Lin
1.國立臺灣大學經濟學系
1.Department of Economics, National Taiwan University
001,002,003,004
1.國立臺灣大學經濟學系
1.Department of Economics, National Taiwan University
002
1.行政院國家科學委員會
1.National Science Council
A.14 計畫執行期間(起):2002-08-01
A.14 計畫執行期間(訖):2003-07-31
1995-01-012001-12-31
A.16 收到日期:2003-10-30
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民國84年製造業工廠校正原始名單

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未合併廠商:6000家 合併廠商:193家


6000
096
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C.2 聯絡日期:2003-10-31
2
1.國立臺灣大學經濟學系
1.Department of Economics, National Taiwan University
1
C.7 資料公開日期:2005-08-01
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008
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1.合併
2.相對勞動生產力
3.相對總要素生產力
4.製造業
1.Manufacturing Firms
2.Merger
3.Relative Labor Productivity
4.Relative Total Factor Productivity
 近年來,廠商的合併活動在國內外均相當的普遍,合併的動機與績效如何?引起學者們廣泛的討論。本文利用民國86-90年間台灣製造業合併廠商的資料,以 相對勞動生產力及相對總要素生產力來衡量合併後的績效,實証研究廠商合併的動機及合併後的績效。實証結果主要發現(1)廠商合併前的相對生產力愈大,規模 愈大,愈有可能去合併廠商。(2)廠商的R&D活動與合併有正向關係,但市場力則對合併的影響較不確定。(3)合併活動與生產力成長率的關係為 正,亦即合併廠商相對未合併廠商生產力成長率較大,此外,廠商進行水平合併後其生產力成長最快,其次為垂直合併,再其次為多角化合併。

 In recent years, merger activities become more dramatic and widespread. This has led to a wide-ranging debate on the causes and performances of merger. In this paper, we provide evidence on merger from the standpoint of relative labor productivity and relative total factor productivity. Our empirical work examines the Taiwanese manufacturing firms’ motivation of merger and how the merger firms perform after merger. On the basis of a sample of 6140 manufacturing firms, we have found that (1) the merger firms with larger relative productivity and firm size have higher probability to merger. (2) R&D has positive and significant impact on merger, but market power doesn’t have a significant effect on merger. (3) Firm productivity growth is positively related to merger. That is, merger firms experience higher improvement in productivity growth. Moreover, horizontal mergers are most effective in productivity growth, followed by vertical mergers and conglomerate mergers.

D.16 完成檢誤日期:2004-06-21
D.17 預定釋出日期:2005-08-01
D.18 初次釋出日期:2005-08-01
D.19_1 最新版釋出日期:2005-08-01
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10.6141/TW-SRDA-E91022-1
https://efenci.srda.sinica.edu.tw/webview/index.jsp?object=https://efenci.srda.sinica.edu.tw:80/obj/fStudy/E91022
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