An Operational Model of Asset-Light and Profitability: A Case Study on Taiwan Listing Electronic Companies
|關鍵字:||輕資產;區別分析;投入資本報酬率;輕資產報酬率;light asset;discriminant analysis;ROIC;ROLA|
"Light assets" is the meaning of the operation of an enterprise as a result effective use of internal and external resources to produce organizational culture, corporate image, brand value, vendor management, customer relations, product quality management, and other of intangible assets consisting mainly of competitive advantage. This study considered that corporate owned by the light assets is the advantage of not being easily transferred and difficult to reproduce, and the durability of the resources is really the core of enterprise competitiveness. From a strategic management perspective, in light of an enterprise's assets can be differentiated enterprise is the implementation of an efficient strategy for all of an enterprise's cumulative number of the outcome of the strategy. Accordingly, the present study to Taiwan listed counters for samples of several electronics companies, to distinguish between analysis as a method derived from the difference between function, and significant differences between variables. Based on the model used in this study selected six notable is the ability to distinguish between variables, respectively, return on light assets (ROLA), the equity scale, rate management costs, net profit rate, return on investment capital (ROIC) and the tangible assets value, these differences will be variable assist the operators to observe, as a move towards the operation of the assets of light indicators, in addition, will have the capacity to distinguish between variables into the function of the difference can determine whether the enterprise has competitive advantage (Light assets) . Study found that (a) the light assets value will serve as a judge for light or heavy enterprise asset management operating indicators (b) Light assets and the profitability of enterprises with a considerable degree of connection (c) The general used of profit targets, such as return on equity and return on assets had no significant correlation between the light asset value. Becouse of the profit targets do not represent all of the resources and therefore their ability to distinguish between lower. (d) the expansion of the scale of equity must be cautious, and if the internal control and improve the overall profitability of the backlog, there should be internal control and improve the overall profitability primary objective, rather than blindly expanding equity, enterprise the success of cost control should know how to improve corporate profitability, more stronger can make.
|Appears in Collections:||Thesis|