簡易檢索 / 詳目顯示

研究生: 陳信翰
Hsin-Han Chen
論文名稱: 企業購併策略之個案分析–以eBay公司在中國市場為例
A Case Study of M&A Strategy:eBay in China
指導教授: 劉代洋
Day-Yang Liu
口試委員: 張琬喻
Woan-yuh Jang
扈永安
Yung-An Hu
學位類別: 碩士
Master
系所名稱: 管理學院 - 管理學院MBA
School of Management International (MBA)
論文出版年: 2011
畢業學年度: 99
語文別: 中文
論文頁數: 67
中文關鍵詞: eBay購併電子商務C2C
外文關鍵詞: eBay, M&A, E-commerce, C2C
相關次數: 點閱:728下載:10
分享至:
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報

跨國企業在進入新市場時,除了透過自有資金獨立進入之外,也能透過購併進入新市場。在選擇進入方法時,企業所考慮到的動機以及在進入之後所遭遇的問題,也會在真正進入市場後反映出成果,而後再度影響企業往後的決策。中國大陸的電子商務產業自1999年開始便以每年數倍的規模不斷成長,eBay也以收購易趣網Each Net的方式於2002年進入,但經營狀況卻不如後成立的經營對手淘寶網。本研究旨在透過探討eBay在中國大陸市場的個案以研究跨國企業的購併策略。
本研究使用個案方式探討企業購併動機,透過文獻探討以及次級資料蒐集以進行質化研究,可能無法適用其他市場或產業。
研究結果顯示跨國企業在中國大陸市場最為注重的是市場影響力,利用中國大陸市場來提升競爭力,並學習發展新能力。這些能力不但能夠在中國大陸市場發揮作用,也能影響企業的全球競爭力。
但企業也能夠過購併中的合資方式,在無法有效經營跨國公司時,將管理權交予願意接手經營的當地企業。外國企業不但能夠藉此建立停損點,也能在挫敗後重新建立企業競爭力範疇。


In the choices of entry method, the M&A motivation of a multinational company and the problems encountered after entry will reflect the results after it's into the market, and then affect its future decisions again. The E-commerce market in China was emerging since 1999 and eBay got into it in 2002 by merging Each Net. However, the operating condition of eBay Each Net was fall behind the competitor, Taobao, which was set up after Each Net. This study aims to investigate the case of eBay in China to study the acquisition strategy of multinational companies.
This study uses a case study on M&A motives through literature and secondary data collection for qualitative research without quantitative indicators. It may not be applicable to other markets or industries.
The results showed that the multinational company in China focuses most on increased market power, reshaping the firm's competitive scope and learning and developing new capabilities. These capabilities not only to play a role in the Chinese market, but also can affect the company's global competitiveness.
But the multinational company can also hand over the governance on the local firm through a joint venture way once it cannot operate its subsidiary efficiently. A foreign company cannot only create a stop-loss point, but also re-established competitive scope after defeat.

指導教授推薦書 I 論文審定書 II 中文摘要 III 英文摘要 IV 誌謝 V 目錄 VI 圖目錄 VIII 表目錄 IX 第壹章 緒論 1 第壹節 研究背景與動機 1 第貳節 研究目的 2 第參節 研究內容與範圍 2 第肆節 研究限制 4 第貳章 文獻探討 5 第壹節 購併之定義 5 第貳節 購併之相關研究文獻 7 第參章 研究方法 15 第壹節 研究設計及資料來源 15 第貳節 研究架構 16 第肆章 產業分析及個案公司介紹 17 第壹節 中國大陸電子商務產業簡介 17 第貳節 eBay公司簡介 22 第伍章 個案研究 27 第壹節 第一次購併動機 28 第貳節 第一次購併後成效分析 33 第參節 競爭者的崛起 35 第肆節 第二次購併動機 37 第伍節 第二次購併後發展 42 第陸節 兩次購併比較 45 第陸章 結論與建議 49 第壹節 研究結論 49 第貳節 研究建議 50 本文註釋 52 參考文獻 53

一、 中文部分
1. 尹揚(2007),eBay易趣變身TOM易趣,數碼世界,p12-13。
2. 王少飛(2007),TOM轉身,新經濟導刊。
3. 王品品,(2009),全球性網路企業購併與整合之研究 – 以Yahoo!及eBay在台灣之發展為例,長庚大學。
4. 李海斌(2002),TOM-併購中締建的傳媒王國,新財經,p10-13。
5. 李淑芬(2006),企業購併前後之經營績效研究,,國立成功大學。
6. 李想(2006),eBay易趣:這次真的離開了,Chinese Businessman,p94-98。
7. 沈威風(2008),倒立思維-淘寶戰勝eBay的經典傳奇,御書房出版有限公司。
8. 周耿(2008),淘寶網與易趣網成敗的案例分析-兼論我國C2C網站發展的問題,現代管理科學,p62-63。
9. 張瑋煒、劉沖(2008),EBAY易趣和淘寶之分析,內蒙古科技與經濟,p79-80。
10. 張遠忠、劉家豪(2006),台資購併大陸企業決勝指南,P150,創見文化。
11. 張潔、韋曉華(2008),易趣與淘寶營銷策略比較分析,商場現代化,p166。
12. 程書博(2006),網路贏家ebay,海洋文化事業有限公司。
13. 劉丁己,(2002),入口網站購併策略運用與整合構面之研究 – 以雅虎Yahoo購併奇摩Kimo為例,中山大學。
14. 劉自如(2003),eBay收購易趣股份進軍中國是中國電子商務的春風還是硝煙,我看IT人與事,p12。
15. 盧希鵬(2005),電子商務,P10-11,雙葉書廊有限公司。
16. 盧希鵬(2010),網路行銷,p163-165,雙葉書廊有限公司。
17. 薛明玲、廖烈龍、林宜賢(2006),企業併購策略與最佳實務,p14-18,資誠教育基金會。
18. 謝劍平(2009),財務管理-新觀念與本土化,智勝文化事業有限公司。
19. 欒斌、陳苡任、羅凱揚(2009),電子商務,第六版,P152,滄海書局。
二、 英文部分
1. Barkema H.G. & F. Vermeulen, (1998), International Expansion Through Start-Up or Acquisition: A Learning Perspective. Academy of Management Journal, 41: 7-26.
2. Chen J., C. Zhang, Y.F. Yuan & L.H. Huang, (2007), The Nature Of The Emerging C2C Electronic Market In China: A Case Study From Social Network Theory And CRM Perspectives.
3. Cullinan G., J.M. Le Roux & R.M. Weddigen, (2004), When to walk away from a deal, Harvard Business Review, p96-104.
4. Dunning J.H, (1980), Toward an eclectic paradigm of international production: Some empirical tests. Journal of International Business Studies, 11: 9-31.
5. Dunning J.H, (1988), The eclectic paradigm of international production: A restatement and some possible extensions. Journal of International Business Studies, 19: 1-31.
6. Ferrier W.J., (2001), Navigating the competitive landscape: The drivers and consequences of competitive aggressiveness, Academy of Management Journal, p858-877.
7. Harford J., (2005), What drives merger waves?, Journal of Financial Economics, p529-560.
8. Harrison J.S., (2007), Why integration success eludes many buyers, Mergers and Acquisitions, p18-20.
9. Harrison J.S., M.A. Hitt , R.E. Hoskisson, R.D. Ireland, (2001), Resource complementarity in business combinations: Extending the logic to organizational alliances, Journal of Management, p679-690.
10. Hitt M.A., J.S. Harrison & R.D. Ireland, (2001), Merger and Acquisitions.
11. Holl P., & D. Kyriazis, (1996), The determinants of outcome in UK takeover bids, International Journal of Economics and Business, p165–184.
12. Homburg C. & M. Bucerious, 2006, Is speed of integration really a success factor of mergers and acquisitions? An analysis of the role of internal and external relatedness, Strategic Management Journal, p347-367.
13. Hsieh L.F. & Y.T. Tsai, (2005), Technology investment mode of innovative technological corporations: M&A strategy intended to facilitate innovation, Journal of American Academy of Business, p185-194.
14. Ireland R.D., R.E Hoskisson & M.A. Hitt, (2009),The management of strategy, 8e, p184-196.
15. Jules J., (2009), Global Supermarket: ebay.
16. Kiessling T. & M. Harvey, (2008), Determining Top Managements’ “Value”: Pre/Post Acquisition, Journal Of Business and Management, p5-25.
17. Kumar M.V.S., (2005),The Value From Acquiring and Divesting a Joint Venture: A Real Options Approach, Strategic Management Journal, p321-331.
18. Li D.H., J. Li & Z.X. Lin, (2008), Online Consumer-to-Consumer Market In China – A Comparative Study Of Taobao and eBay, Electronic Commerce Research And Applications, p55-67.
19. Luo Y.D., (2002), Product Diversification In International Joint Ventures: Performance Implications In An Emerging Market, Strategic Management Journal, p1-20.
20. Marino A.M. & J. Zabojnik, (2006), Merger, ease of entry and entry deterrence in a dynamic model, Journal of Industrial Economics, p397-423.
21. Mudambi R. & S.A. Zahra, 2007, The survival of international new ventures, Journal of International Business Studies, p333-352.
22. Noe T.H. & M.J. Rebello, (2006), The role of debt purchases in takeovers: A tale of two retailers, Journal of Economics & Management Strategy, p609-648.
23. Pan Y. G., (1997), The Formation of Japanese and U.S. Equity Joint Ventures In China, Strategic Management Journal, p247-254.
24. Park B.I., A. Giroud, H. Mirza & J. Whitelock, (2008), Knowledge Acquisition And Performance: The Role of Foreign Parents In Korean IJVs, Asian Business & Management,p11-32.
25. Parmigiani A., (2007), Why do firms both make and buy? An investigation of concurrent sourcing, Strategic Management Journal, p285-311.
26. Puranam P. & Srikanth, (2007), What they know vs. what they do: How acquirers leverage technology acquisitions, Strategic Management Journal, p805-825.
27. Sorescu A.B., R.K. Chandy & Prabhu, (2007), Why some acquisitions do better than others: Product capital as a driver of long-term stock returns, Journal of Marketing Research, p57-72.
28. Tsang W.K., (2002), Acquiring Knowledge By Foreign Partners From International Joint Ventures In A Transition Economy: Learning-By-Doing And Learning Myopia. Strategy Management Journal, p835-854.
29. Vermeulen F. & H. Barkema, (2001), Learning Through Acquisitions, Academy of Management Journal, p457-476.
30. Vermeulen F., (2005), How acquisitions can revitalize companies, MIT Sloan Management Review, p45-51.
31. Vermeulen F., (2007), Bad Deals: Eight warning signs that an acquisition may not pay off, MIT Sloan Management Review.
32. Wang Y., (2007), Managerial Choice between Equity Joint Ventures and Contractual Joint Ventures in China: A Critical Test of Transaction Cost Economics And Resource-Based View, Asian Business & Management, p355-375.
33. Wolf R.C., (2000), Effective International Joint Venture Management, p25-39.
34. Wright P., M. Kroll & D. Elenkov, (2002), Acquisition returns, increase in firm size and chief executive officer compensation: The moderating role of monitoring, Academy of of Management Journal, P599-608.
35. Zollo M. & H. Singh, (2002), Deliberate Learning In Corporate Acquisitions: Post- Acquisition Strategies And Integration Capability In U.S. Bank Mergers. Strategy Management Journal, p1233-1257.
三、 網站部分
1. CNNIC中國互聯網絡信息中心(http://www.cnnic.net.cn)
2. DCCI互聯網數據中心(http://www.dcci.com.cn)
3. eBay(http://www.ebay.com)
4. Kijiji(http://www.kijiji.com/)
5. TOM Group(http://www.tomgroup.com/)
6. TOM.com(http://www.tom.com)
7. TOM易趣(http://www.Each Net.com)
8. 大英百科全書(http://www.britannica.com/)
9. 百姓網(http://www.baixing.com/)
10. 百度百科 (http://baike.baidu.com/)
11. 百度知道 (http://zhidao.baidu.com/)
12. 淘寶網(http://www.taobao.com)
13. 新浪網科技時代(http://tech.sina.com.cn/)
14. 維基百科(http://zh.wikipedia.org/)
15. 網易(http://www.163.com/)

QR CODE