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論文中文名稱:泰國及台灣上市櫃之差異及決策過程-以 J 公司為例 [以論文名稱查詢館藏系統]
論文英文名稱:The differentiation of IPO between Thailand and Taiwan and process of making a strategic decision - A case study of J company [以論文名稱查詢館藏系統]
院校名稱:臺北科技大學
學院名稱:管理學院
系所名稱:管理學院經營管理EMBA專班
畢業學年度:103
畢業學期:第二學期
中文姓名:陳信源
英文姓名:Hsin-Yuan Chen
研究生學號:102c24513
學位類別:碩士
指導教授中文名:林鳳儀
口試委員中文名:林鳳儀;梁徳容;李清吟
中文關鍵詞:上市櫃差異決策過程高精密鈑金
英文關鍵詞:IPOmaking strategic decisionsheet metal with high precision
論文中文摘要:近幾年台灣主管機關包括集中交易所及櫃檯買賣中心積極赴大陸及東南亞各地舉辦招商說明會,吸引經營有成的台商返鄉掛牌上市,將企業海外獲利分享給台灣的投資大眾。
泰國台商家數眾多,保守估計在 5,000 家以上,然實際回台掛牌的家數卻是屈指可數,隨著台灣法令逐漸放寬,並提供多元海外台商回台集資的管道,例如之前的 TDR(台灣存託憑證)到目前的 F 股回台掛牌等,由於台灣資本市場的游資充沛,不啻為海外台商一個
籌資的據點。
本個案係從 J 公司轉型的角度、泰國及台灣兩地資本市場的差異、資本市場對產業的偏好等作為論文主軸,再輔以對 J 公司高階管理階層的深度訪談,針對 J 公司上市櫃過程中的衝突及之後解決的方式進行探討,本研究希望能提供泰國當地的台商,於將來 IPO或規劃時的參考。
論文英文摘要:Recent years, Taiwan Stock Exchange and Taipei Exchange (OTC) are enthusiastic to attract
foreign Taiwanese enterprises to be listed in Taiwan stock market so as to share profit with
Taiwan investors.
There are about 5,000 Taiwanese enterprises located in Thailand, but rare companies go public
Taiwan stock market. Therefore, Taiwan authorization amended related investment principle to support overseas enterprises to list in Taiwan stock market, such as TDR (Taiwan depository
receipt) and F stocks. Taiwan stock market is a good environment to raise capital duo to its
supplement currency.
This study utilizing J company’s IPO case as example, focusing on the topic of firm’s
transformation, capital market differentiation between Thailand and Taiwan, and the
differentiation of two capital markets regarding to industrial type preferred and so on.as the main
shaft of this report. Furthermore, to interview with high –up management of J company what
conflicts face of and how to solve them. Hope the IPO case study of J company could provide
some information and key matters for Taiwanese enterprises located in Thailand to IPO in the
future.
論文目次:目錄
中文摘要.......................................................................................................................................... i
Abstract........................................................................................................................................... ii
誌 謝 ..............................................................................................................................................iii
目錄................................................................................................................................................ iv
圖目錄............................................................................................................................................ vi
表目錄........................................................................................................................................... vii
第一章 緒論.................................................................................................................................... 1
1.1 研究背景及研究動機 ....................................................................................................... 1
1.2 研究目的 ........................................................................................................................... 4
1.3 預期貢獻 ........................................................................................................................... 5
1.4 研究流程及架構 ............................................................................................................... 5
第二章 文獻探討............................................................................................................................ 6
2.1 產業背景 ........................................................................................................................... 6
2.2.1 泰國股票市場簡介............................................................................................... 21
2.2.2 泰國證券交易所 IPO 程序................................................................................... 29
2.3 企業上市櫃之動機 ......................................................................................................... 31
2.4 F 股之股價報酬 ............................................................................................................. 33
2.5 員工福利與股東權益之關係 ......................................................................................... 34
2.6 每股盈餘與股價之關係 ................................................................................................. 35
第三章 研究方法.......................................................................................................................... 36
3.1 研究架構 ......................................................................................................................... 36
3.2 研究方法 ......................................................................................................................... 36
3.2.1 個案相關資料蒐集............................................................................................... 36
3.2.2 個案企業議題確立............................................................................................... 37
3.2.3 個案企業議題相關人之訪問............................................................................... 37
3.3 資料蒐集方法 ................................................................................................................. 38
3.4 深度訪談問題設計 ......................................................................................................... 38
第四章 個案公司背景說明.......................................................................................................... 40
4.1 公司沿革 ......................................................................................................................... 41
4.2 業務範圍 ......................................................................................................................... 43
第五章 個案分析.......................................................................................................................... 49
5.1 上市櫃之實質益處 ......................................................................................................... 49
5.2 泰國及台灣兩地資本市場 IPO 情況 ............................................................................. 56
5.2.1 泰國交易市場 IPO 情況....................................................................................... 56
5.2.2 台灣交易市場 IPO 狀況....................................................................................... 57
5.2.3 泰國及台灣資本市場之 SPO (Second Public Offering) 情形............................ 60
5.3 泰國及台灣庫藏股規定之差異 ..................................................................................... 62
5.4 泰國及台灣兩地之資本市場對於傳統產業的評價 ..................................................... 63
5.5 股本對於每股盈餘之影響 ............................................................................................. 65
5.6 泰國及台灣兩地資本市場偏好的差異 ......................................................................... 66
5.7 綜合分析 ......................................................................................................................... 67
第六章 結論及建議...................................................................................................................... 68
6.1 研究結論 ......................................................................................................................... 68
6.2 建議 ................................................................................................................................. 70
參考文獻....................................................................................................................................... 71
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30. 台灣經濟新報網站
31. 維基百科
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