垂直整合与虚拟整合商业模式之绩效比较.pdfVIP

Chiao Da Management Review Vol. 25 No. 1, 2005 pp. 1-27 路 Virtual Integration and Profitability: Some Evidence from Taiwan’s IC Industry Po-Young Chu 立理 Dep. of Management Science, National Chiao Tung University Mei-Jane Teng 立 益 Dep. of Business Administration, National Chinyi Institute of Technology Chi-Hung Huang 立理 Dep. of Management Science, National Chiao Tung University 路 (Integrated Circuit IC) (business model) 兩不類 IC IC 兩不 異 兩不略利率 ROA ROE 異 利率 利 ROS異數 數 兩 利 異 利率 路 Abstract Taiwan’s Integrated Circuit (IC) industry is of particular interest due to its increasing global importance and its unique, virtually integrated industrial infrastructure. This study attempts empirically to investigate the relationship between the profitability of Taiwans IC firms (dependent variables) and both firms business strategies (virtual integration versus IDM) and industrial business cycles (contingent variable). Significant and interesting results were obtained. First, the main factor, business strategies, significantly affects a firm’s 2 Virtual Integration and Profitability: Some Evidence From Taiwan’s IC Industry profitability and the variation over time. Secondly, the significance of the effect of the interaction between business cycles and business strategies implies that business cycles impact the two strategic groups to different extents. Finally, the effectiveness of virtual integration to increase a firm’s return on sales is demonstrated. The increasing numbers of independent IC design