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1 – 10 of over 3000Ming‐Tien Tsai and Yung‐Ming Cheng
This study examines the entry mode and ownership strategies in China, South‐East Asia and Western Europe made by manufacturing firms in Taiwan. The results find that when the…
Abstract
This study examines the entry mode and ownership strategies in China, South‐East Asia and Western Europe made by manufacturing firms in Taiwan. The results find that when the larger, high R&D and high advertising intensive Taiwanese manufacturing firms invest in China, South‐East Asia and Western Europe, they would be likely to choose the greenfield‐WFOE entry. On the other hand, when these firms have the most foreign investing experiences and the longest investing history in China, South‐East Asia and Western Europe, the acquisition‐WFOE entry would tend to be preferred. Finally, this study proposes relevant implications for practice in the conclusion.
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Ming‐Tien Tsai and Yung‐Ming Cheng
The purpose of this paper is to study the ownership entry mode decision in the United States made by firms in Taiwan. A total of 398 companies were sampled and included in the…
Abstract
The purpose of this paper is to study the ownership entry mode decision in the United States made by firms in Taiwan. A total of 398 companies were sampled and included in the mail survey, with usable responses received from 105. We find the asset specificity and the strategic investment motivations are the most important decision criteria for the ownership control entry mode choice for Taiwanese manufacturing firms in the United States. When the stronger the U.S. strategic investment motivations and the higher the asset specificity, the higher the likelihood of Taiwanese manufacturing firm's entry through full‐ownership control mode. Finally, in our conclusion, we propose relevant implications for practice and research.
This study aims to refocus the analysis of global political economies using concepts from studies on Varieties of Capitalism (VoC) to track Taiwan’s rise in the Thin Film…
Abstract
Purpose
This study aims to refocus the analysis of global political economies using concepts from studies on Varieties of Capitalism (VoC) to track Taiwan’s rise in the Thin Film Transistor Liquid Crystal Display (TFT-LCD) industry. Taiwanese electronics firms began to outpace their competitors from Japan in TFT-LCD industry’s competition from about the year 2000.
Design/methodology/approach
Drawing on depth interviews and analysis of secondary source material, newspaper and magazine.
Findings
A time factor that helps determine advantage and/or disadvantage of high-tech industry in Japan and Taiwan. Stable organizational structure and less talent mobility in the Japanese TFT-LCD firms may well have been an advantage initially in the transformation process from US firms’ experimental technologies to tacit mass production technologies, but proved to be a disadvantage in the subsequent competition with more mobile talent in Taiwanese firms eager to standardize mass production techniques. Japanese firms’ rigid organizational structure could not keep pace to the market-oriented technology strategy in the global TFT-LCD industry, lost competitive advantage in a rapid pace.
Social implications
VoC literature should be focused to highlight two insights. The first is the premise of institutional forms specific to national models of capitalism. Patterns of technology transfer appear critical in the innovation process, and differ markedly between Taiwan and Japan. Second, the VoC literature suggests comparative institutional advantage.
Originality/value
Through the comparative analyses between Taiwanese capitalism model and Japanese counterparts, we can understand the reason and process of the rise of Taiwan in global TFT-LCD market.
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Examines how potential manufacturing managers are educated in 19 Taiwanese universities. It looks at undergraduate, postgraduate and post‐experience programmes in these…
Abstract
Examines how potential manufacturing managers are educated in 19 Taiwanese universities. It looks at undergraduate, postgraduate and post‐experience programmes in these institutions. The authors established that there was a limited availability of suitable modern manufacturing management textbooks in Chinese. It was found that only one in ten universities expected to increase its provision of courses in this area, which is one central to the Taiwanese economy. Equally, one in ten expected to reduce its efforts. It was found that less than 40 percent of universities had any programmes at any level in the subject area. We also established that the level of industrial involvement in either helping design courses, instructing on them or providing hands‐on projects was low. In terms of future careers we found that very few of those taking the few places available had ambitions to become manufacturing managers.
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Homin Chen, Chia-Wen Hsu, Yu-Yuan Shih and D'Arcy Caskey
Using insights from the supply chain resilience perspective and the international business literature, this study aims to investigate the determinants of firms’ decisions to…
Abstract
Purpose
Using insights from the supply chain resilience perspective and the international business literature, this study aims to investigate the determinants of firms’ decisions to reshore manufacturing under the high levels of uncertainty brought about by the ongoing US–China trade war and COVID-19 pandemic.
Design/methodology/approach
The proposed conceptual framework is tested using survey data collected from 702 Taiwanese firms with manufacturing in China. The firms were drawn from a database compiled by Taiwan’s Ministry of Economic Affairs.
Findings
The results show that two supply chain factors (tariffs and supply chain completeness) and two non-location-bound factors (labor cost and material cost) are critical determinants of the decision to reshore under uncertainty.
Originality/value
This research elucidates and empirically validates several factors that influence the reshoring decision in uncertain environments. The findings provide valuable theoretical, practical and strategic insights into how firms should manage their value chains in the post-COVID-19 era.
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Hsin Kao, Peng‐Hsian Kao and Thomas A. Mazzuchi
Many scholars and practitioners argue about the Taiwanese government policy of investing in “Go‐South” or “Go‐West” approach. Therefore, this paper aims to present data from two…
Abstract
Purpose
Many scholars and practitioners argue about the Taiwanese government policy of investing in “Go‐South” or “Go‐West” approach. Therefore, this paper aims to present data from two groups showing the differences of Taiwanese executives in China and in Malaysia from the point of view of knowledge management (KM) usage.
Design/methodology/approach
Knowledge management is very important since enterprises are eager to create value through the better use of knowledge in today's globalization trend. In this study, the State of Knowledge Management: An Assessment Questionnaire, which includes 19 KM tools, was used to identify various kinds of KM tools usage frequencies. Data were collected from 200 firms in China and Malaysia. These firms represent several manufacturing industries, including food, textiles, rubbers and plastics, electronics, and metal manufacturing.
Findings
The results show that executives in China have higher scores in 16 KM tools than executives in Malaysia, which means the former executives practice KM more than the later executives. Chinese people in both Taiwan and China share the same traditional values of respect for age, authority, hierarchy, culture, and language. Therefore, cultural and contextual variables differences may not affect the mix of knowledge‐sharing problems.
Originality/value
This paper reveals useful information showing the differences of Taiwanese executives in China and in Malaysia from the point of view of KM usage.
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Chang‐yen Tsai and Chengli Tien
The purpose of this paper is to explore the relationship between the strategic fit of supply chains and the formulation of future strategies.
Abstract
Purpose
The purpose of this paper is to explore the relationship between the strategic fit of supply chains and the formulation of future strategies.
Design/methodology/approach
This study focuses on Taiwanese investments in China and offers models based mainly on the transaction cost theory and the eclectic theory using data surveyed from 1,100 Taiwanese companies in China's Pearl River Delta (PRD) and the Yangtze River Delta (YRD).
Findings
Strategic fit from the perspective of the degree of vertical integration and the degree to which a Taiwanese firm fits in the local supply chain can affect the propensity for strategic change. That is, strategic fits in internalization strategy for vertical integration and in localization strategy for fit in the local supply chain are related to how a firm formulates its future strategies. Industrial factors between technological sectors and non‐technological sectors, and geographical factors between the YRD and the PRD further reveal different levels of significance in the strategic fit‐change relationship.
Originality/value
The paper fills some gaps. First, the study described in the paper examines strategic fit from the supply chain perspective to fill the knowledge gap regarding the significance of strategic fit in a supply chain and its impact on strategic change. To deal with the multi‐dimensionality of strategic fit, this study attributes to evidence of multiple perspectives. Second, the study extends the industrial effect and the geographic effect on the strategic fit‐change relationship. Third, the evidence‐based findings provide academia, business practitioners and government agencies with evidence regarding foreign direct investment strategies from supply chain perspectives.
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Although existing partial theories contribute to scholarly understanding of strategic alliances, the lack of a comprehensive framework to explain strategic alliances is…
Abstract
Purpose
Although existing partial theories contribute to scholarly understanding of strategic alliances, the lack of a comprehensive framework to explain strategic alliances is unfortunate. The purpose of this paper is to develop an integrated framework for maker‐buyer strategic alliance performance.
Design/methodology/approach
Drawing on the concept of embeddedness developed by Granovetter, this paper argues that maker‐buyer alliances are economic actions intended to pursue synergies; meanwhile, these economic actions are embedded in social contexts.
Findings
This paper argues that the economic goal of firms entering alliances is to combine their complementary resources to create synergies. To achieve this goal, managers must efficiently manage the economic problems associated with such alliances, including searching for partners with complementary resources, allocating value‐added activities correctly, establishing efficient interorganizational routines, and introducing proper governance structures. Furthermore, alliances are embedded in their social contexts. Firms are constrained by their specific social environments and behave accordingly, impacting their performance. It is difficult for firms to modify the contexts in which they are embedded without strong strategic intent. The social contexts in which firms are embedded may also be sources of sustainable competitive advantage or disadvantage.
Research limitations/implications
Several managerial implications and future research directions are presented.
Originality/value
This study, by integrating economic and sociological theories into a framework and focusing on maker‐buyer alliances, depicts not only the full picture but also the necessary details of maker‐buyer alliances for scholars and practical managers.
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Yan Chen, Wen‐Chung Hsu and Chengqi Wang
The purpose of this paper is to examine the effects of outward foreign direct investment (O‐FDI) on the competitiveness of home‐country export.
Abstract
Purpose
The purpose of this paper is to examine the effects of outward foreign direct investment (O‐FDI) on the competitiveness of home‐country export.
Design/methodology/approach
This paper employs a six‐year data set from Taiwanese manufacturing data for 15 industries over the period between 1991 and 2007.
Findings
The authors find that exports in Taiwan are positively associated with O‐FDI by Taiwanese firms. This finding supports the view that outward FDI complements home country exports and concurs with the majority of earlier empirical findings which focus on developed home countries. The authors also find that such effect is stronger for Taiwanese FDI in China than in other countries and in traditional sectors than in modern sectors.
Originality/value
These findings suggest that location‐and industry‐specific characteristics moderate the strength of the relationship between O‐FDI and home country exports.
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Chun-Chien Lin and Yu-Chen Chang
This study aims to examine how external and internal conditions drive the impact of circular economy mechanism by decomposing into three policy networks in terms of reduce, reuse…
Abstract
Purpose
This study aims to examine how external and internal conditions drive the impact of circular economy mechanism by decomposing into three policy networks in terms of reduce, reuse and recycle, to better understand the contingency model of climate change and effect of firm size on subsequent performance.
Design/methodology/approach
Drawing on circular economy network and resource-based view (RBV)-network-resilience strategy framework, a pooled longitudinal cross-sectional data model is developed using a sample of 4,050 Taiwanese manufacturing multinational corporations (MNCs) making foreign direct investment between 2013 and 2018. Structural equation modeling analysis is used to comprehensively examine and investigate each circular economy policy network in the context of climate change and firm size. Post hoc multigroup analysis (MGA) is also conducted.
Findings
MGA shows that the reduce policy network is positively and negatively related to manufacturing know-how and production size, respectively. The impact of reuse policy network can enhance the competence of large firms. The recycle policy network is more prominent in terms of competence enhancement of climate change.
Practical implications
MNCs are seeking to build circular economy policy networks to a greater extent, given climate change pressure and guidelines.
Originality/value
This study adds to the circular economy and RBV-network-related literature on climate change and interactions to enhance performance, echoing the recent call on the sustainability of the circular economy of MNCs.
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