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中文篇名 |
破產公司對存活公司的影響:經濟衰退時期的正向競爭效應 | |
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英文篇名 |
The Impact of Firm Bankruptcy on Existing Firm in the Same Industry: The Positive Competitive Effect during a Recession | |
作者 | ||
中文摘要 |
企業破產的正向競爭效應,係指存活公司因取得破產公司所釋放的稀缺性資源,使存活公司得以提高獲利。本研究將以競爭效應為研究焦點,採用2001年存在破產事件之九個產業的458家存活公司為研究對象,檢驗企業取得破產公司資源的潛力對增量資產報酬率的影響。研究結果發現,企業之資產使用效率愈高、平均薪資愈高、市占率愈大、存活公司與破產公司愈相似,愈易獲得正向競爭效應。 | |
英文摘要 |
The positive competitive effect of business failure might occur because of the existing firms acquired the resource from a bankruptcy firm. It can create benefits for the existing firms. This study is focused on the examination of positive competitive effect. Using 458 public offering firms as data set from 9 industries in 2001, we tested the impact of the potential of acquired resources from bankruptcy firm on increasing return of assets. Empirical results show that existing firms have more efficient with their assets, higher salary, more market share and more similarities between bankruptcy firm and existing firm, which will gain more positive competitive effect. | |
關鍵詞 |
存活公司、企業破產、正向競爭效應、資源移轉、經濟衰退期、existing firm、bankruptcy、positive competitive effect、resources transfer、recession | |
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期數 | ||
起訖頁 |
093-120 | |
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DOI | ||
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