Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN
This study uses sample of 3,341 multinational Taiwanese firms during 2000 - 2017 to analyze how the Taiwanese FDI in ASEAN affects firm performances and value of cash holdings. With the OLS regression of full sample, it is found that FDI has significantly positive effects on accounting-based perform...
Gespeichert in:
| Veröffentlicht in: | Journal of applied finance and banking 2020-03, Vol.10 (2), p.23-52 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 52 |
|---|---|
| container_issue | 2 |
| container_start_page | 23 |
| container_title | Journal of applied finance and banking |
| container_volume | 10 |
| creator | Chan, Min-Lee Duangnate, Kannika Lin, Cho-Min |
| description | This study uses sample of 3,341 multinational Taiwanese firms during 2000 - 2017 to analyze how the Taiwanese FDI in ASEAN affects firm performances and value of cash holdings. With the OLS regression of full sample, it is found that FDI has significantly positive effects on accounting-based performance (ROA and ROE) while it has no significant effects on marketbased performance. Similar results are also concluded by country sample. Results from Quantile regression indicate that FDI has significantly different impacts on performance at high- and low-performance firms when performance is measured by FDI gains; FDI at high-performance firms could create significantly larger gains than that at low-performance firms. FDI in ASEAN, however, has not been evidenced to create firm's cash value. |
| format | Article |
| fullrecord | <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_journals_2313571302</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2313571302</sourcerecordid><originalsourceid>FETCH-proquest_journals_23135713023</originalsourceid><addsrcrecordid>eNqNi0ELgjAYhkcUJOV_-KBDJ8G5TD2KOepQBElX-ahJk7nVpvT38xCdey_Pc3jeCfFokkXBNs6y6c_TcE5859pwXJKyDY09ws_CNsZ2qG8CUN-hQPeAK6pBgGmgQvlGDcdB9VJjL41GBVzazq2B7w4gNeSXMj8tyaxB5YT_5YKseFkV--BpzWsQrq9bM9jx7OqIURYnlIUR-6_6AGtFOys</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2313571302</pqid></control><display><type>article</type><title>Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN</title><source>Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals</source><creator>Chan, Min-Lee ; Duangnate, Kannika ; Lin, Cho-Min</creator><creatorcontrib>Chan, Min-Lee ; Duangnate, Kannika ; Lin, Cho-Min</creatorcontrib><description>This study uses sample of 3,341 multinational Taiwanese firms during 2000 - 2017 to analyze how the Taiwanese FDI in ASEAN affects firm performances and value of cash holdings. With the OLS regression of full sample, it is found that FDI has significantly positive effects on accounting-based performance (ROA and ROE) while it has no significant effects on marketbased performance. Similar results are also concluded by country sample. Results from Quantile regression indicate that FDI has significantly different impacts on performance at high- and low-performance firms when performance is measured by FDI gains; FDI at high-performance firms could create significantly larger gains than that at low-performance firms. FDI in ASEAN, however, has not been evidenced to create firm's cash value.</description><identifier>ISSN: 1792-6580</identifier><identifier>EISSN: 1792-6599</identifier><language>eng</language><publisher>Athens: Scientific Press International Limited</publisher><subject>Agribusiness ; Boards of directors ; Business education ; Corporate governance ; Costs ; Economic growth ; Economic models ; Economies of scale ; Exports ; Foreign investment ; GDP ; Gross Domestic Product ; Hypotheses ; Stockholders ; Strategic management ; Studies</subject><ispartof>Journal of applied finance and banking, 2020-03, Vol.10 (2), p.23-52</ispartof><rights>Copyright International Scientific Press 2020</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780</link.rule.ids></links><search><creatorcontrib>Chan, Min-Lee</creatorcontrib><creatorcontrib>Duangnate, Kannika</creatorcontrib><creatorcontrib>Lin, Cho-Min</creatorcontrib><title>Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN</title><title>Journal of applied finance and banking</title><description>This study uses sample of 3,341 multinational Taiwanese firms during 2000 - 2017 to analyze how the Taiwanese FDI in ASEAN affects firm performances and value of cash holdings. With the OLS regression of full sample, it is found that FDI has significantly positive effects on accounting-based performance (ROA and ROE) while it has no significant effects on marketbased performance. Similar results are also concluded by country sample. Results from Quantile regression indicate that FDI has significantly different impacts on performance at high- and low-performance firms when performance is measured by FDI gains; FDI at high-performance firms could create significantly larger gains than that at low-performance firms. FDI in ASEAN, however, has not been evidenced to create firm's cash value.</description><subject>Agribusiness</subject><subject>Boards of directors</subject><subject>Business education</subject><subject>Corporate governance</subject><subject>Costs</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Economies of scale</subject><subject>Exports</subject><subject>Foreign investment</subject><subject>GDP</subject><subject>Gross Domestic Product</subject><subject>Hypotheses</subject><subject>Stockholders</subject><subject>Strategic management</subject><subject>Studies</subject><issn>1792-6580</issn><issn>1792-6599</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNqNi0ELgjAYhkcUJOV_-KBDJ8G5TD2KOepQBElX-ahJk7nVpvT38xCdey_Pc3jeCfFokkXBNs6y6c_TcE5859pwXJKyDY09ws_CNsZ2qG8CUN-hQPeAK6pBgGmgQvlGDcdB9VJjL41GBVzazq2B7w4gNeSXMj8tyaxB5YT_5YKseFkV--BpzWsQrq9bM9jx7OqIURYnlIUR-6_6AGtFOys</recordid><startdate>20200301</startdate><enddate>20200301</enddate><creator>Chan, Min-Lee</creator><creator>Duangnate, Kannika</creator><creator>Lin, Cho-Min</creator><general>Scientific Press International Limited</general><scope>3V.</scope><scope>4U-</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>885</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M1F</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20200301</creationdate><title>Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN</title><author>Chan, Min-Lee ; Duangnate, Kannika ; Lin, Cho-Min</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_journals_23135713023</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Agribusiness</topic><topic>Boards of directors</topic><topic>Business education</topic><topic>Corporate governance</topic><topic>Costs</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Economies of scale</topic><topic>Exports</topic><topic>Foreign investment</topic><topic>GDP</topic><topic>Gross Domestic Product</topic><topic>Hypotheses</topic><topic>Stockholders</topic><topic>Strategic management</topic><topic>Studies</topic><toplevel>online_resources</toplevel><creatorcontrib>Chan, Min-Lee</creatorcontrib><creatorcontrib>Duangnate, Kannika</creatorcontrib><creatorcontrib>Lin, Cho-Min</creatorcontrib><collection>ProQuest Central (Corporate)</collection><collection>University Readers</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Banking Information Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Banking Information Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Journal of applied finance and banking</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chan, Min-Lee</au><au>Duangnate, Kannika</au><au>Lin, Cho-Min</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN</atitle><jtitle>Journal of applied finance and banking</jtitle><date>2020-03-01</date><risdate>2020</risdate><volume>10</volume><issue>2</issue><spage>23</spage><epage>52</epage><pages>23-52</pages><issn>1792-6580</issn><eissn>1792-6599</eissn><abstract>This study uses sample of 3,341 multinational Taiwanese firms during 2000 - 2017 to analyze how the Taiwanese FDI in ASEAN affects firm performances and value of cash holdings. With the OLS regression of full sample, it is found that FDI has significantly positive effects on accounting-based performance (ROA and ROE) while it has no significant effects on marketbased performance. Similar results are also concluded by country sample. Results from Quantile regression indicate that FDI has significantly different impacts on performance at high- and low-performance firms when performance is measured by FDI gains; FDI at high-performance firms could create significantly larger gains than that at low-performance firms. FDI in ASEAN, however, has not been evidenced to create firm's cash value.</abstract><cop>Athens</cop><pub>Scientific Press International Limited</pub></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1792-6580 |
| ispartof | Journal of applied finance and banking, 2020-03, Vol.10 (2), p.23-52 |
| issn | 1792-6580 1792-6599 |
| language | eng |
| recordid | cdi_proquest_journals_2313571302 |
| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Agribusiness Boards of directors Business education Corporate governance Costs Economic growth Economic models Economies of scale Exports Foreign investment GDP Gross Domestic Product Hypotheses Stockholders Strategic management Studies |
| title | Performance and Cash Value of Taiwan Multinational Firms' FDI in ASEAN |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-05T14%3A41%3A59IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Performance%20and%20Cash%20Value%20of%20Taiwan%20Multinational%20Firms'%20FDI%20in%20ASEAN&rft.jtitle=Journal%20of%20applied%20finance%20and%20banking&rft.au=Chan,%20Min-Lee&rft.date=2020-03-01&rft.volume=10&rft.issue=2&rft.spage=23&rft.epage=52&rft.pages=23-52&rft.issn=1792-6580&rft.eissn=1792-6599&rft_id=info:doi/&rft_dat=%3Cproquest%3E2313571302%3C/proquest%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2313571302&rft_id=info:pmid/&rfr_iscdi=true |