The Influence of Company-specific Assets on Corporate Performance Interaction

Authors

  • Shih-Yung Wei Yulin Normal University
  • Li-Wei Lin Zhejiang University of Finance & Economics Dongfang Colleg
  • Su-Rong Yan National Yunlin University of Science and Technology
  • Yun-Han Zhang Zhejiang University of Finance & Economics Dongfang College , Zhejiang China

Abstract

This paper studies the interaction between the exclusive assets of listed companies (except the financial industry) and the performance of listed companies in Taiwan during the 20 years from 1998 to 2017, and studies the changes of the interaction, and divides the time point into two stages, namely, 1998 (the end of the Asian financial turmoil), 2008 (the beginning of the world financial tsunami) and 2017. In this study, it is found that there is interaction among R & D intensity, marketing intensity and capital intensity. Due to the mutual exclusion of costs, the pairwise effect is almost negative, but the attributes still have additive effect with each other (the interaction of the three attributes is positive). However, in the later period (2008 ~ 2017), this study found that the interaction between R & D intensity and marketing intensity showed a positive effect, which can be seen that the investment in R & D in the future is also helpful to the company's advertising. It is found that when an economy wants to develop internationalization, the degree of internationalization will be a positive effect on corporate performance, and when it reaches a certain degree, the positive effect will disappear and show a nonlinear effect. This study finds that Taiwan shows a W-shaped effect in the later stage of this study.

Keywords: Specific asset, interaction panel data, The influence of Company- specific assets on Corporate performance interaction

JEL Classifications: C32; O13; O47

DOI: https://doi.org/10.32479/ijefi.10041

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Author Biographies

Shih-Yung Wei, Yulin Normal University

é­ä¸–榮,榆林師範學院副教授。他的研究é‡é»žæ˜¯ç¶“濟,財務管ç†ï¼Œå¸‚場營銷。他是1本書和3篇期刊文章的作者。

Li-Wei Lin, Zhejiang University of Finance & Economics Dongfang Colleg

æž—ç«‹å‰ï¼ˆLi-Wei Lin)是浙江財經大學æ±æ–¹å­¸é™¢ä¿¡æ¯å­¸é™¢å‰¯æ•™æŽˆã€‚他的研究專注於電å­ç‡ŸéŠ·ï¼ŒçŸ¥è­˜ç®¡ç†ï¼Œé›»å­å•†å‹™ï¼Œå•†æ¥­æ™ºèƒ½ï¼Œå¤§æ•¸æ“šï¼Œä¾›æ‡‰éˆç®¡ç†å’Œå‰µæ–°å‚³æ’­ã€‚他著有2本書,並發表了53篇會議論文,14篇期刊論文。林立å‰çš„英文通訊作者,å¯é€šéŽä»¥ä¸‹æ–¹å¼èˆ‡ä»–們è¯ç¹«ï¼šlinlw1982@gmail.com

Su-Rong Yan, National Yunlin University of Science and Technology

程饒-閎車嗯是雲林科技大學信æ¯ç®¡ç†ç³»æ•™æŽˆã€‚他的研究專注於電å­ç‡ŸéŠ·ï¼Œé›»å­å•†å‹™ï¼Œå¤§æ•¸æ“šï¼Œéˆä¾›æ‡‰ç®¡ç†ç‹€èªžå¾žå¥ï¼šå‰µæ–°å‚³æ’­ä»–關係著有2本書,並發表了150餘篇會議論文和20篇期刊論文。 

Yun-Han Zhang, Zhejiang University of Finance & Economics Dongfang College , Zhejiang China

Su-Mei Gan is a a Associate Professor of School of Information at Zhejiang University of Finance & Economics Dongfang College , Zhejiang China. His research focuses on business intelligence, big data, and innovation system.

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Published

2020-09-04

How to Cite

Wei, S.-Y., Lin, L.-W., Yan, S.-R., & Zhang, Y.-H. (2020). The Influence of Company-specific Assets on Corporate Performance Interaction. International Journal of Economics and Financial Issues, 10(5), 49–69. Retrieved from http://econjournals.com/index.php/ijefi/article/view/10041

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